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Mid-Day Report: Markets Consolidate in Tight RangeOct 16 14:05 GMT, by ActionForex.com The forex markets are basically staying in tight range in early US session. Rally in dollar and yen lost some steam after European stock markets recover some of the earlier losses. US stocks are mixed at open as market digests yesterday's losses. Some more consolidation is expect...
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Daily Fundamental Reports |
A Little More History About Bear MarketsOct 16 19:24 GMT, by CurrencyThoughts Since 1947, The Dow Jones Industrials has experienced two multi-year periods of see-sawing to nowhere: 1961-1982 and the period since January 2000. Fr...
Not All Recessions Are EqualOct 16 19:22 GMT, by TheLFB-Forex.com The headlines blame falling equities on mounting expectation of a U.S. and global recession. That is hardly the whole story. Recessions are too common...
Forex Fundamental OutlookOct 16 19:09 GMT, by GCI Financial Data released in the U.S. today saw the October Philadelphia Fed manufacturing survey fell to -37.5 from 3.8 in September. Also, September industrial...
Market Fear in High GearOct 16 18:47 GMT, by CurrencyThoughts The headlines blame falling equities on mounting expectation of a U.S. and global recession. That is hardly the whole story. Recessions are too common...
Foreign Exchange Market Daily UpdateOct 16 16:02 GMT, by Union Bank of California The release of a sharply lower report on US factory activity in the Mid-Atlantic region in October this morning continued to add to worries about the...
USA: Headline Inflation is Coming Down FastOct 16 15:57 GMT, by Danske Bank The sharp drop in energy prices is now feeding into headline inflation, rapidly reducing the annual inflation rate. Consumer prices were flat on the m...
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Daily Technical Reports |
Why is the EUR/USD Not Rallying?Oct 16 19:05 GMT, by GFT Unlike the other major currencies, the EUR/USD has not joined in the rally today. For currency traders looking for an explanation, the answer is OIL....
EURUSD Wave CountOct 16 18:45 GMT, by DailyFX This is one potential wave count for the EURUSD. The count treats the rally and decline sequence since 1.3258 as waves A and B of a flat. In this case...
Chart Of The Day: EUR/JPYOct 16 15:18 GMT, by FX Solutions After dropping consistently and rapidly over the past two months with only one significant pullback, price action on the EUR/JPY daily chart, as shown...
Daily Technical StrategistOct 16 12:16 GMT, by FXTechstrategy Price acceleration was seen through the 1.3682/66 zone, its April'07/Dec'04 highs on Wednesday pushing the pair to a low of 1.3424 before closing at 1...
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Action Insight Newsletter |
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Interest Rates |
 1.50% |
 3.75% |
 0.50% |
 4.50% |
 2.50% |
 2.50% |
 6.00% |
 7.50% |
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Speeches and Publications |
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| Forex Top Movers |
Ccy Heat Map |
| Pair | Rate | Chng % |
|---|
| AUDJPY | 69.94 | +5.52% |
| EURAUD | 1.9526 | -4.46% |
| NZDJPY | 62.55 | +4.33% |
| AUDUSD | 0.6893 | +4.05% |
| GBPAUD | 2.5158 | -3.72% |
| AUDCAD | 0.8139 | +3.31% |
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| USD |
|---|
| EUR | |
| JPY | |
| GBP | |
| CHF | |
| CAD | |
| AUD | |
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| Action Bias & Pivot Points |
| Currency |
Last |
Bias |
S1 |
R1 |
| EURUSD |
1.3466 | Neutral | 1.3424 | 1.3629 |
| USDJPY |
101.47 | Up | 99.13 | 101.50 |
| GBPUSD |
1.7344 | Up | 1.7152 | 1.7490 |
| USDCHF |
1.1362 | Neutral | 1.1274 | 1.1382 |
| USDCAD |
1.1807 | Neutral | 1.1655 | 1.2033 |
| AUDUSD |
0.6894 | Up | 0.6439 | 0.6932 |
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