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Market Overview |
Mid-Day Report: Dollar Mildly Higher after DataAug 29 14:09 GMT, by ActionForex.com Dollar is gathering some strength in early US session, in particular against Sterling and Canadian dollar. Data from US saw person income dropped more than expected by -0.7% in Jul, spending rose 0.2%. Headline PCE jumped to 4.5% yoy, highest in 17 y...
Daily Report: Sterling Remains Weak in Otherwise Mixed MarketsAug 29 07:43 GMT, by ActionForex.com The forex markets continue to be generally mixed this week without follow through buying or selling. The exception is Sterling which remains pressured in particular against yen and euro. Note that GBP/JPY is now trying to get rid of 199.78 support le...
Mid-Day Report: Dollar Got No Boost From GDP RevisionAug 28 13:25 GMT, by ActionForex.com Dollar shows little reaction to stronger than expected upward revision in US Q2 GDP. Instead, volatility is again seen in the Japanese yen. Preliminary Q2 GDP annualized growth rate was revised higher from 1.9% to 3.3% versus expectation of 2.7%. Rec...
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EURUSD Technical Outlook |
EUR/USD Mid-Day OutlookAug 29 14:41 GMT, by ActionForex.com Intraday outlook in EUR/USD remains neutral for the moment as the pair is still bounded in established range of 1.4571 and 1.4807. As discussed before, with bullish convergence condition in 4 hours MACD and RSI, firm break of 1.4807 will be an import...
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USDJPY Technical Outlook |
USD/JPY Mid-Day OutlookAug 29 14:35 GMT, by ActionForex.com USD/JPY dips further in early US session but is still contained above 108.13 support. Outlook remains mixed for the moment. It remains to be confirmed that whether price actions from 110.40 is developing into head and should top or triangle consolida...
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GBPUSD Technical Outlook |
GBP/USD Mid-Day OutlookAug 29 14:39 GMT, by ActionForex.com Cable's recent fall is still in progress. At this point, intraday bias remains on the downside as long as 1.8407 minor resistance holds. Sustained trading below 100% projection of 2.1161 to 1.9337 from 2.0158 at 1.8334 will encourage deeper fall to n...
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USDCHF Technical Outlook |
USD/CHF Mid-Day OutlookAug 29 14:36 GMT, by ActionForex.com USD/CHF's outlook remains neutral for the moment as the pair continues to be bounded in tight range after failing to sustain above 1.0999/1028 resistance zone. On the upside, sustained trading above 1.0999/1028 resistance zone is needed to confirm re...
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USDCAD Technical Outlook |
USD/CAD Mid-Day OutlookAug 29 14:26 GMT, by ActionForex.com USD/CAD's rebound from 1.0410 extends further today, taking out 4 hours 55 EMA and reaches as high as 1.0565 so far. With 4 hours MACD turned positive, the fall from 1.0727 might have completed already. At this point, intraday bias is mildly on the u...
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AUDUSD Technical Outlook |
AUD/USD Daily OutlookAug 29 08:22 GMT, by ActionForex.com With an intraday low in place at 0.8493, intraday bias is mildly on the upside and further recovery could be seen to 0.8812 resistance. as discussed before, break there will confirm that a short term bottom is in place after meeting mentioned 0.8512...
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EURJPY Technical Outlook |
EUR/JPY Mid-Day OutlookAug 28 14:16 GMT, by ActionForex.com Outlook in EUR/JPY remains neutral for the moment. On the one hand, further decline cannot be ruled out as long as 163.09 resistance holds. Below 159.93 will encourage deeper fall to key support level at 158.60 (61.8% retracement of 151.71 to 169.96...
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GBPJPY Technical Outlook |
GBP/JPY Daily OutlookAug 29 07:51 GMT, by ActionForex.com GBP/JPY's down trend is still in progress and breaches mentioned 199.78 support today. At this point, further decline is still expected as long as 202.28 minor resistance holds. As discussed before, break of 199.78 is now encouraging deeper fall to t...
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