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Calendar event / 16 minutes agopreviousforecastactualLow Reserves, USD56.08B
Article / 20 minutes ago
Saxo Trade Navigator: Tuesday July 7July 7, 2015: The Saxo Trade Navigator provides you with daily technical insight into a wide array of major instruments, ranging from FX to equities, commodities and bonds. With a host of various technical indicators such as pivot points, RSI and moving averages, the Saxo Trade Navigator can be used to spot daily trade ideas.Read the article
Squawk / 28 minutes agoGBPUSD - 200 dma attracts buyers
Yesterday saw levels below the 200 day mvg avg attract buyers. The bounce was a sharp one with Friday's net losses entirely regained. Momentum is regarded as fragile, especially as prices remain below the key 13 day line. But there is scope for that point, currently 1.5661, to be tested.
Currently dips to 1.5551 are likely to be attractive. Only beneath 1.5512 negates.
Trade view / 40 minutes agoDay trade
AUDUSD signals point to selling ralliesAUDUSD signals point to selling rallies; this is despite the RBA keeping rates on hold today. Stay square on open, but look to sell the rally and lower stop to entry if the first target is met. The target is 0.7562, just above yesterday's six-year low.Read the Trade View
Squawk / 44 minutes agoEURUSD Still in Limbo After Greferendum
The Monday bear gap was closed, having defended last Monday's spike low to 1.0951, but to stall at resistance at 1.1110 to leave a downside risks for Tuesday.
The plunge last Monday through 1.1048 signalled a shift to a broader range environment, which we see as intact.
We see a downside bias for 1.1000; break here aims for 1.0968/51, which we would look to try to hold.
But above 1.1096 and 1.1110 opens risk up to 1.1171.
Short/ Intermediate-term Range Parameters: We see the broader range defined by 1.1436 and 1.08
Range Breakout Challenge
Upside: Above 1.1436 aims higher for 1.1467, 1.1534 and 1.1680.
Downside: Below 1.0819 sees risk lower for 1.0658, 1.0520 and 1.0459.
To view the full EURUSD report with screencasts, levels and more, click here http://ow.ly/PguqO
See all our FX and other reports here http://ow.ly/HZXPy
Calendar event / 46 minutes ago
DE Industrial Production IndexpreviousforecastactualHigh Industrial Output (Adjusted) MoM+0.9%0%0%Med Construction Output Pct Chg MoM+1.3%-0.5%Med Industrial Output (Adjusted) YoY+1.4%+2.1%Med Manufacturing Output Pct Change MoM+0.7%+0.4%Med Industrial Output Pct Chg YoY-4.6%
Trade view / 51 minutes agoDay trade
Losses targeted for EURGBPWith the medium-term trend remaining negative for EURGBP we are looking for the downside to continue to gradually develop. Entry is at 0.7075/80 with targets at 0.7055, 0.7041, or even 0.7024.Read the Trade View
Calendar event / 1 hour ago
CH UnemploymentpreviousforecastactualLow Unemployment Rate3.2%3.1%
Article / 1 hour ago
3 Numbers: Steady German industry growth, UK industry, US job openingsToday's figure for German industrial output should show moderate growth. That is encouraging, but this May data won't reveal anything about macro trends in the post-referendum Eurozone. Meanwhile, the crowd expects a mixed message in the UK industrial release for May, with weakness alongside stronger growth in annual growth terms. In the US, if job openings data can hold onto recent gains, it will provide a bullish counterpoint to recent disappointment in other corners of the labour market.Read the article
Editor’s Picks / 1 hour ago
RBA leaves rates unchanged at 2%Sydney Morning HeraldThe Reserve Bank of Australia kept the cash rate steady at 2% today, writes Mark Mulligan, but left the door ajar for a further cut this year. The decision was widely expected, and after an initial spike the Australian dollar quickly settled back to around 74.80¢. In a statement, RBA governor Glenn Stevens said: "The board today judged that leaving the cash rate unchanged was appropriate at this meeting. Information on economic and financial conditions to be received over the period ahead will inform the board's assessment of the outlook and hence whether the current stance of policy will most effectively foster sustainable growth and inflation consistent with the target."Read article on Sydney Morning Herald