Action Forex https://www.actionforex.com Live Forex Analysis, Currency Rates, Economic Calendar, Technical Forecast, Fundamental News, Free Trading Signals. Best. USD Dollar, EUR Euro, JPY Yen, GBP Pound, CHF Swiss Franc, CAD Canadian Dollar, AUD Australian Dollar, NZD New Zealand Dollar Fri, 18 Jan 2019 16:26:21 +0000 en-US hourly 1 https://wordpress.org/?v=5.0.3 Market Wrap: Markets High On Hopium https://www.actionforex.com/contributors/fundamental-analysis/165920-market-wrap-markets-high-on-hopium/ https://www.actionforex.com/contributors/fundamental-analysis/165920-market-wrap-markets-high-on-hopium/#respond Fri, 18 Jan 2019 16:26:21 +0000 https://www.actionforex.com/?p=165920 China is thinking of coperating with the US and Trump may abolish the trade tariffs, what else do you need? Stocks The S&P 500 Index jumped 0.5 percent on trade hopes as of 15:46 London time. The Stoxx Europe 600 Index saw a massive rally and soared 1.5 percent. The MSCI Emerging Market Index wasn’t […]

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Australia & New Zealand Weekly https://www.actionforex.com/contributors/fundamental-analysis/165911-australia-new-zealand-weekly-3/ https://www.actionforex.com/contributors/fundamental-analysis/165911-australia-new-zealand-weekly-3/#respond Fri, 18 Jan 2019 16:24:09 +0000 https://www.actionforex.com/?p=165911 Week beginning 21 January 2019 Australia: Westpac-MI Leading Index, employment. NZ: CPI. China: GDP, retail sales, fixed asset investment, industrial production. Euro Area: ECB policy decision, IFO survey, Davos World Economic Forum. US: data delay due to shutdown. Other central banks: BOJ, Norges Bank and Riksbank policy decisions. Flash PMI’s for Japan, Europe and the […]

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Week Ahead – Spotlight on ECB and BoJ as Growth Jitters Persist; China GDP also Eyed https://www.actionforex.com/contributors/fundamental-analysis/165905-week-ahead-spotlight-on-ecb-and-boj-as-growth-jitters-persist-china-gdp-also-eyed/ https://www.actionforex.com/contributors/fundamental-analysis/165905-week-ahead-spotlight-on-ecb-and-boj-as-growth-jitters-persist-china-gdp-also-eyed/#respond Fri, 18 Jan 2019 16:00:04 +0000 https://www.actionforex.com/?p=165905 The European Central Bank and the Bank of Japan will hold their first policy meetings of 2019 next week as concerns mount about a global downturn. GDP figures out of China could underscore the worsening outlook, while flash PMIs out of the Eurozone will also be watched for the latest glimpse on the growth picture. […]

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Weekly Focus – More Weakness ahead Before Relief https://www.actionforex.com/contributors/fundamental-analysis/165903-weekly-focus-more-weakness-ahead-before-relief/ https://www.actionforex.com/contributors/fundamental-analysis/165903-weekly-focus-more-weakness-ahead-before-relief/#respond Fri, 18 Jan 2019 15:56:42 +0000 https://www.actionforex.com/?p=165903 Market movers ahead In the US, the government shutdown keeps data releases at a minimum. Next week, the Markit PMIs are the most important releases. We expect no new policy signals at the ECB meeting on Thursday. Here the debated growth risk assessment will take centre stage. On the same day, we expect another weak […]

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EURJPY Looks To Recover Further Higher Towards 125.08 Zone https://www.actionforex.com/contributors/technical-analysis/165900-eurjpy-looks-to-recover-further-higher-towards-125-08-zone/ https://www.actionforex.com/contributors/technical-analysis/165900-eurjpy-looks-to-recover-further-higher-towards-125-08-zone/#respond Fri, 18 Jan 2019 15:52:34 +0000 https://www.actionforex.com/?p=165900 EURJPY looks to recover further higher towards 125.08 zone as it eyes price extension. Support comes in at the 124.50 level where a break if seen will aim at the 124.00 level. A cut through here will turn focus to the 123.50 level and possibly lower towards the 123.00 level. On the upside, resistance resides […]

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Canadian Inflation Surprised to the Upside in December (Airfares Again!) https://www.actionforex.com/contributors/fundamental-analysis/165898-canadian-inflation-surprised-to-the-upside-in-december-airfares-again/ https://www.actionforex.com/contributors/fundamental-analysis/165898-canadian-inflation-surprised-to-the-upside-in-december-airfares-again/#respond Fri, 18 Jan 2019 15:51:15 +0000 https://www.actionforex.com/?p=165898 Highlights: Headline CPI inflation unexpectedly jumped to 2.0% in December from 1.7% in November. Airfares rose 22% month-over-month with methodology changes to that component causing volatility over the second half of 2018. July’s 16% increase was subsequently retraced in September, and we expect this latest jump will also be walked back in the coming months. […]

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Sunset Market Commentary https://www.actionforex.com/contributors/fundamental-analysis/165896-sunset-market-commentary-238/ https://www.actionforex.com/contributors/fundamental-analysis/165896-sunset-market-commentary-238/#respond Fri, 18 Jan 2019 15:50:08 +0000 https://www.actionforex.com/?p=165896 Markets Global core bonds lost ground today as risk sentiment turned positive again. The WSJ posted that US Secretary of Treasury Steven Mnuchin is striving to ease tariffs on Chinese imports, in a way to expedite the US-Sino trade talks. The US Treasury denied the comments right away, but the ‘damage’ was already done. The […]

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EUR/USD Mid-Day Outlook https://www.actionforex.com/technical-outlook/eurusd-outlook/165892-eur-usd-mid-day-outlook-506/ https://www.actionforex.com/technical-outlook/eurusd-outlook/165892-eur-usd-mid-day-outlook-506/#respond Fri, 18 Jan 2019 14:29:25 +0000 https://www.actionforex.com/?p=165892 Daily Pivots: (S1) 1.1371; (P) 1.1388; (R1) 1.1407; More….. Intraday bias in EUR/USD remains neutral at this point. Further decline is expected as long as 1.1489 minor resistance holds. We’re holding on to the case that corrective rise from 1.1215 has completed earlier than expected at 1.1569. Deeper fall should be seen to 1.1307 support. […]

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GBP/USD Mid-Day Outlook https://www.actionforex.com/technical-outlook/gbpusd-outlook/165888-gbp-usd-mid-day-outlook-501/ https://www.actionforex.com/technical-outlook/gbpusd-outlook/165888-gbp-usd-mid-day-outlook-501/#respond Fri, 18 Jan 2019 14:27:38 +0000 https://www.actionforex.com/?p=165888 Daily Pivots: (S1) 1.2878; (P) 1.2940; (R1) 1.3047; More…. Intraday bias in GBP/USD remains on the upside as rebound from 1.2391 is in progress. Further rise should target 1.3174 resistance, which is close to 38.2% retracement of 1.4376 to 1.2391 at 1.3149. As such rebound is seen as a corrective pattern, we’d expect strong resistance […]

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USD/CHF Mid-Day Outlook https://www.actionforex.com/technical-outlook/usdchf-outlook/165884-usd-chf-mid-day-outlook-504/ https://www.actionforex.com/technical-outlook/usdchf-outlook/165884-usd-chf-mid-day-outlook-504/#respond Fri, 18 Jan 2019 14:25:38 +0000 https://www.actionforex.com/?p=165884 Daily Pivots: (S1) 0.9903; (P) 0.9929; (R1) 0.9969; More…. USD/CHF’s rebound from 0.9716 is still in progress and intraday bias stays on the upside for 0.9963 resistance first. Break there should confirm completion of corrective fall from 1.0128 to 0.9716. Further rise should then be seen to retest 1.0128. However, break of 0.9856 minor support […]

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USD/JPY Mid-Day Outlook https://www.actionforex.com/technical-outlook/usdjpy-outlook/165880-usd-jpy-mid-day-outlook-503/ https://www.actionforex.com/technical-outlook/usdjpy-outlook/165880-usd-jpy-mid-day-outlook-503/#respond Fri, 18 Jan 2019 14:23:47 +0000 https://www.actionforex.com/?p=165880 Daily Pivots: (S1) 108.82; (P) 109.11; (R1) 109.53; More… Intraday bias in USD/JPY remains mildly on the upside. The rebound from 104.69 is likely stronger than originally expected. Break of 109.46 will pave the way to 61.8% retracement of 114.54 to 104.69 at 110.77 and above. On the downside, below 107.77 will turn bias to […]

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Canada: Air Travel Drives a Modest Climb in December Inflation https://www.actionforex.com/contributors/fundamental-analysis/165878-canada-air-travel-drives-a-modest-climb-in-december-inflation/ https://www.actionforex.com/contributors/fundamental-analysis/165878-canada-air-travel-drives-a-modest-climb-in-december-inflation/#respond Fri, 18 Jan 2019 14:21:19 +0000 https://www.actionforex.com/?p=165878 Canadian consumer price inflation was 2.0% y/y in December, up a bit from November’s 1.7% pace. Markets were looking for a repeat of November’s 1.7% pace. On a seasonally-adjusted basis, prices were up 0.2% month-on-month. Much of the acceleration can be put down to the transportation category, with a rebound of airfares over the holiday […]

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USD/CAD Mid-Day Outlook https://www.actionforex.com/technical-outlook/usdcad-outlook/165876-usd-cad-mid-day-outlook-75/ https://www.actionforex.com/technical-outlook/usdcad-outlook/165876-usd-cad-mid-day-outlook-75/#respond Fri, 18 Jan 2019 13:57:13 +0000 https://www.actionforex.com/?p=165876 Daily Pivots: (S1) 1.3245; (P) 1.3283; (R1) 1.3317; More… USD/CAD dips notably today but stays above 1.3180 temporary low. Intraday bias remains neutral first. With 1.3323 resistance intact, further decline is expected. On the downside, break of 1.3180 will resume the fall from 1.3664 and target 61.8% retracement of 1.2781 to 1.3664 at 1.3118. We’ll […]

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Canadian Dollar Jumps on CPI and Oil, Sterling Pares Gain after Weak Retail Sales https://www.actionforex.com/action-insight/market-overview/165872-canadian-dollar-jumps-on-cpi-and-oil-sterling-pares-gain-after-weak-retail-sales/ https://www.actionforex.com/action-insight/market-overview/165872-canadian-dollar-jumps-on-cpi-and-oil-sterling-pares-gain-after-weak-retail-sales/#respond Fri, 18 Jan 2019 13:56:36 +0000 https://www.actionforex.com/?p=165872 Canadian Dollar strengthens mildly in early US session and is trading as the strongest one for today so far. Recovery in oil price has been supporting the Loonie through the day. And, further lift is given by stronger than expected CPI reading. Euro is following as the second strongest, partly thanks to recovery in EUR/GBP. […]

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Canadian Dollar rises mildly after stronger than expected CPI data. https://www.actionforex.com/live-comments/165869-canadian-dollar-rises-mildly-after-stronger-than-expected-cpi-data/ https://www.actionforex.com/live-comments/165869-canadian-dollar-rises-mildly-after-stronger-than-expected-cpi-data/#respond Fri, 18 Jan 2019 13:40:36 +0000 https://www.actionforex.com/?p=165869 Headline CPI dropped -0.1% mom in December versus expectation of -0.3%. Annually, CPI accelerated to 2.0% yoy, up from 1.7% yoy and beat expectation of 1.8% yoy. Core CPI readings were steady. CPI core-common was unchanged at 1.9% yoy. CPI core-median dropped from 1.9% yoy to 1.8% yoy. CPI core-trimmed was unchanged at 1.9% yoy. […]

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EU: UK will still need to elect MEP if it leaves after July 2 https://www.actionforex.com/live-comments/165867-eu-uk-will-still-need-to-elect-mep-if-it-leaves-after-july-2/ https://www.actionforex.com/live-comments/165867-eu-uk-will-still-need-to-elect-mep-if-it-leaves-after-july-2/#respond Fri, 18 Jan 2019 13:26:17 +0000 https://www.actionforex.com/?p=165867 European Commission spokesman Margaritis Schinas once again told a regular news briefing that there is no request for Article 50 extension from the UK yet. But he pointed out that if the UK is going to leave after July 2, Britons will need to elect their representatives to the next European Parliament. He said, “We […]

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Canadian Dollar Steady ahead of CPI https://www.actionforex.com/contributors/fundamental-analysis/165865-canadian-dollar-steady-ahead-of-cpi/ https://www.actionforex.com/contributors/fundamental-analysis/165865-canadian-dollar-steady-ahead-of-cpi/#respond Fri, 18 Jan 2019 13:16:20 +0000 https://www.actionforex.com/?p=165865 USD/CAD has posted small gains in the Friday session, recovering the losses from Thursday. Currently, the pair is trading at 1.3265, down 0.12% on the day. On the release front, Canada releases CPI, which is expected to post its third decline of 0.4% in the past four months. In the U.S., today’s key event is […]

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Market Sentiment Lifted by Renewed Trade Optimism https://www.actionforex.com/contributors/fundamental-analysis/165863-market-sentiment-lifted-by-renewed-trade-optimism/ https://www.actionforex.com/contributors/fundamental-analysis/165863-market-sentiment-lifted-by-renewed-trade-optimism/#respond Fri, 18 Jan 2019 13:15:33 +0000 https://www.actionforex.com/?p=165863 It was a week defined by Brexit drama, US-China trade developments and ongoing political uncertainty in Washington. Renewed optimism over US-China trade talks stimulated global risk sentiment on Friday with Asian stocks ending mostly higher. Although European markets are benefiting from the improved market mood, investors must remain alert and guarded. Geopolitical risks in the […]

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EURGBP Pares Some Losses after Strong Sell Off in Near Term https://www.actionforex.com/contributors/technical-analysis/165860-eurgbp-pares-some-losses-after-strong-sell-off-in-near-term/ https://www.actionforex.com/contributors/technical-analysis/165860-eurgbp-pares-some-losses-after-strong-sell-off-in-near-term/#respond Fri, 18 Jan 2019 12:46:39 +0000 https://www.actionforex.com/?p=165860 EURGBP has been erasing the strong bearish rally that was created the previous six consecutive days, sending prices towards a new two-month trough of 0.8758. The stochastic oscillator is suggesting a positive retracement as the %K line jumped above the %D line creating a bullish crossover in the daily timeframe. An upside rally in the […]

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European Commission publishes draft trade negotiating mandates with the US https://www.actionforex.com/live-comments/165858-european-commission-publishes-draft-trade-negotiating-mandates-with-the-us/ https://www.actionforex.com/live-comments/165858-european-commission-publishes-draft-trade-negotiating-mandates-with-the-us/#respond Fri, 18 Jan 2019 12:08:08 +0000 https://www.actionforex.com/?p=165858 European Commission publishes draft negotiating mandates with the US today. The negotiating directives cover two potential agreements with the U.S: A trade agreement strictly focused on the removal of tariffs on industrial goods, excluding agricultural products; A second agreement, on conformity assessment, that would help address the objective of removing non-tariff barriers, by making it easier for […]

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