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European Session: Orders and Options Watch
Jul 01 11:03 GMT, by ActionForex.com
EUR: The single currency slipped briefly below 1.1100 before recovering, however, offers are still noted at 1.1150, 1.1180 and 1.1200, more sell orders are reported at 1.1220-25, 1.1245 and 1.1280, selling interest is tipped at 1.1300, 1.1330 and 1.1350. On the downside, bids are seen at 1.1100, 1.1080 and 1.1050, buy orders are expected at 1.1030...

Technical Outlook

GBP/JPY Daily Outlook
As noted before, a short term top is in place at 195.86 on bearish divergence condition in 4 hours MACD. Intraday bias ... - Jul 01 12:18 GMT
EUR/JPY Daily Outlook
Intraday bias in EUR/JPY remains neutral. At this point, we'd still favor another decline in the cross. Break of 133.09... - Jul 01 12:16 GMT
EUR/GBP Daily Outlook
Intraday bias in EUR/GBP remains neutral for the moment. The larger down trend should have just resumed and we're expec... - Jul 01 12:13 GMT
EUR/AUD Daily Outlook
Intraday bias in EUR/AUD remains neutral. On the upside, break of 1.4642 will indicate that the pull back from 1.4767 i... - Jul 01 12:11 GMT

Special Reports

FX 2015 Outlook - USDJPY Limited
Jun 16 03:31 GMT
Japan's economy has shown signs of recovery. GDP growth accelerated to an annua...
FOMC Preview: No Rate Hike in June, But Probably Soon
Jun 16 03:27 GMT
Whilst the Fed has indicated that policymakers won't tighten in June, the upcom...
RBNZ Cut OCR To 3.25%, On Weaker Inflation Expectations And Demand Outlook
Jun 11 04:46 GMT
RBNZ announced to cut the OCR by -25 bps to 3.25% in June. It also signaled fur...
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Markets Snapshot

Action Insight Newsletter
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Candlesticks Intraday Trade Ideas

Trade Idea Update: USD/CHF - Stand aside
The greenback has surged again after staging strong rebound from 0.9244, suggesting near term upside risk remains for test of res... - Jul 01 10:25 GMT
Trade Idea Update: GBP/USD - Sell at 1.5700
As cable has fallen again after meeting renewed selling interest at 1.5732 and price just broke below support at 1.5664, suggesti... - Jul 01 10:24 GMT
Trade Idea Update: EUR/USD - Hold short entered at 1.1170
The single currency met renewed selling interest at 1.1244 yesterday and has slipped again, suggesting top has possibly been form... - Jul 01 10:20 GMT
Trade Idea Update: USD/JPY - Sell at 123.45
As the greenback has continued to edge higher after rebounding from 121.94, suggesting a temporary low has possibly been formed t... - Jul 01 10:17 GMT
More Candlesticks Trade Ideas >>

Canadlesticks and Ichimoku Weekly Analysis

AUD/JPY Candlesticks and Ichimoku Analysis
Despite opening lower earlier this week, as aussie found good support at 9... - Jul 01 08:57 GMT
AUD/USD Candlesticks and Ichimoku Analysis
Although aussie fell briefly to 0.7587, lack of follow through selling on ... - Jul 01 08:43 GMT
GBP/USD Candlesticks and Ichimoku Analysis
Although the British pound has retreated after rising to 1.5930 earlier th... - Jun 30 08:29 GMT
More Ichimoku Weekly Analysis >>

Elliott Wave Daily Trade Ideas

Trade Idea: AUD/USD - Stand aside
Aussie's rebound after marginal fall to 0.7587 earlier this week suggests low has possibly been formed there and consolidation wi... - Jul 01 09:38 GMT
Trade Idea: EUR/JPY - Stopped profit and stand aside
Although the single currency has rebounded after finding support at 135.88 yesterday and test of resistance at 137.53 cannot be r... - Jul 01 09:33 GMT
Trade Idea: EUR/GBP - Sell at 0.7210
Although the single currency staged a strong rebound after falling to 0.6988 yesterday and consolidation above this level would b... - Jun 30 14:54 GMT
Trade Idea: USD/CAD - Buy at 1.2380
The greenback has risen again after brief pullback and bullishness remains for the rebound from 1.2128 (this month's low and tent... - Jun 30 14:48 GMT
More Elliott Wave Trade Ideas >>

Elliott Wave Weekly Analysis

EUR/CAD Elliott Wave Analysis
Although the single currency did rebound after finding renewed buying... - Jul 01 10:09 GMT
AUD/USD Elliott Wave Analysis
Although aussie fell briefly to 0.7587 earlier this week, lack of fol... - Jul 01 10:01 GMT
GBP/JPY Elliott Wave Analysis
Despite rising marginally to 195.85 last week, the subsequent retreat... - Jun 30 09:12 GMT
More Elliott Wave Weekly Analysis >>

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Last Updated: Jul 01 12:40 GMT

Action Bias

  Hourly 6 Hours Daily Weekly
EURUSD↓ DN↓ DN- NE- NE
USDJPY↑ UP- NE- NE- NE
GBPUSD↓ DN↓ DN- NE↑ UP
USDCHF↑ UP↑ UP↑ UP- NE
USDCAD↑ UP↑ UP↑ UP- NE
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Forex Brokers

Fundamental Analysis Reports

Greece Offers Compromise, ADP and PMIs Eyed
Jul 01 12:04 GMT, by MarketPulse
European indices have rebounded strongly on Wednesday on reports that Alexis Tsipras has written to creditors to accept the bailout offer in what would be an incredible U-turn from the Greek Prime Mi...
Swiss PMI Reaches 50, Japan's Tankan
Jul 01 09:39 GMT, by Swissquote Bank SA
In Switzerland, June manufacturing PMI surprised market to the upside with a reading of 50 versus 49.9 expected and 49.4 in May. The index just reached the 50% threshold, indicating that the industry...
European Market Update: Risk Appetite Finds Its Groove On Reports Greece Was Prepared To Accept All Bailout Conditions From Its Creditors
Jul 01 09:34 GMT, by Trade The News
EUR/USD was initially under pressure in early Europe and briefly tested under the 1.11 level as the Greek Referendum was looming this coming weekend. Eurogroup convened later today on Greece's most r...
Dollar Better Bid As Greek Debt Saga Continues To Restrain Trading
Jul 01 08:38 GMT, by KBC Bank
Yesterday, trading in the major currency cross rates was still haunted by all kinds of rumours on Greece. There was no clear trend for USD trading, but at the end of the day, the dollar slightly outp...
Greece Missed Payment To The IMF
Jul 01 08:23 GMT, by Swissquote Bank SA
It's done, Greece became the first developed country to default on an IMF loan after having missed the €1.5bn payment to the IMF. The cash-strapped nation is officially in arrears and cannot expect f...
Greece Defaults On IMF Payment, Euro Zone Inflation At 0.2% In June
Jul 01 07:12 GMT, by Dukascopy Swiss FX Group
Greece fell in its financial abyss after the bailout programme, which had been supporting the economy for five years, expired at midnight Tuesday and the country missed its crucial 1.6 billion euro l...
All Daily Fundamental Reports >>

Technical Analysis Reports

S&P Futures Higher on Renewed Greece Hopes
Jul 01 12:39 GMT, by Forex.com
Yesterday saw the S&P 500 post its first quarterly drop in nearly three years. As well as the crisis in Greece and the stock market turmoil in China, investors are growing worried about the impac...
Today's Market Outlook
Jul 01 08:48 GMT, by Windsor Brokers Ltd
The Euro traded in quiet, narrow-ranged US session yesterday, awaiting an action expected on Greece's official default at the end of the day. Not much of movements happened so far, however, near-term...
Forex Technical Analysis
Jul 01 08:45 GMT, by DeltaStock Inc.
USD/JPY The recent test of 121.80 support has initiated an intraday rebound and the current bias is positive, for another test of 123.20 resistance area. On the senior frames the outlook remains nega...
AUDUSD Could Retest 0.7850 Before Market Turns Lower
Jul 01 08:42 GMT, by Elliott Wave Financial Service
AUDUSD spiked to a new low before price bounced for nearly 140pips and recovered above the latest downward channel. This minor recovery suggests that big complex correction since start of June is sti...
EUR/USD Remains Volatile Above 55-Day SMA
Jul 01 08:18 GMT, by Dukascopy Swiss FX Group
Yesterday EUR/USD bounced back from the long-term downtrend, the line which is also supported by the weekly pivot point at 1.1234. At the same time, losses were halted by the 55-day SMA at 1.1131, bu...
GBP/USD To Take Another Shot At The Weekly PP
Jul 01 08:03 GMT, by Dukascopy Swiss FX Group
The Sterling declined versus the US Dollar on Tuesday, amid better-than-expected US fundamentals. As a result, the Cable suffered a 44-pip loss, with the 20-day SMA providing support. Nevertheless, t...
All Daily Technical Reports >>

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Long Term Forecasts

Euro Area Outlook for 2015: Impact of Broad-Based QE
Jan 17 03:46 GMT, by Danske Bank
The expected ECB QE programme will support economic activity through a number of channels and hence...
When Will the Bank of England Hike Rates?
Aug 16 08:33 GMT, by Wells Fargo Securities
In the first report of a two-part series on the outlook for Bank of England (BoE) monetary policy, ...
Growth in China Appears to Be Stabilizing
Jul 19 08:05 GMT, by Wells Fargo Securities
The year-over-year rate of real GDP growth in China edged up to 7.5 percent in Q2 from 7.4 percent ...
FX Forecast Update: Negative Rates and Liquidity Tools to Weaken the Euro
Jun 14 03:24 GMT, by Danske Bank
The ECB delivered more easing than expected at its rate meeting in June by cutting both the refi an...
AUD/USD - 2013 In Review
Jan 02 02:25 GMT, by MarketPulse
The Australian dollar is known for its strong volatility, and taking traders on roller coaster ride...
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