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 Mon, 20 May 2019 15:38:41 +0000 en-US hourly 1 https://wordpress.org/?v=5.1.1 World Trade Outlook Indicator stays at nine-year low, significant risks on the downside https://www.actionforex.com/live-comments/200102-world-trade-outlook-indicator-stays-at-nine-year-low-significant-risks-on-the-downside/ https://www.actionforex.com/live-comments/200102-world-trade-outlook-indicator-stays-at-nine-year-low-significant-risks-on-the-downside/#respond Mon, 20 May 2019 15:38:41 +0000 https://www.actionforex.com/?p=200102 World Trade Outlook Indicator (WTOI) is unchanged at 96.3 in May, same as February’s reading, which was the lowest level since 2010. The indicator suggests that world trade growth is likely to remain weak into Q2. Also, recent major trade measures announced were not included in the the calculations yet. Thus, outlook would worsen further […]

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Gold failed 1300, to extend corrective fall through 1266 low https://www.actionforex.com/live-comments/200098-gold-failed-1300-to-extend-corrective-fall-through-1266-low/ https://www.actionforex.com/live-comments/200098-gold-failed-1300-to-extend-corrective-fall-through-1266-low/#respond Mon, 20 May 2019 15:23:05 +0000 https://www.actionforex.com/?p=200098 Gold’s sharp fall and break of 1281.97 minor support suggests that rebound from 1266.26 has completed at 1303.28, failing to sustain above 1300 handle. More importantly, the development indicates that corrective decline from 1346.71 is not completed yet. Bias is now turned back to the downside for 1266.26 low. Firm break of 1266.26 will extend […]

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Oil Higher as Supply Risks Outweigh Growth Concerns for Now https://www.actionforex.com/contributors/fundamental-analysis/200096-oil-higher-as-supply-risks-outweigh-growth-concerns-for-now/ https://www.actionforex.com/contributors/fundamental-analysis/200096-oil-higher-as-supply-risks-outweigh-growth-concerns-for-now/#respond Mon, 20 May 2019 15:16:01 +0000 https://www.actionforex.com/?p=200096 Constructive banter from OPEC nations are to be expected leading up to the next key meeting in June. The outcome of the Jeddah talks shows that OPEC + members are on board to continuing production cuts throughout the rest of year, albeit if conditions warrant it. Uncertainty on both the global demand front and stockpiles […]

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Fed Bostic: Lack of hitting inflation target not a material failure https://www.actionforex.com/live-comments/200094-fed-bostic-lack-of-hitting-inflation-target-not-a-material-failure/ https://www.actionforex.com/live-comments/200094-fed-bostic-lack-of-hitting-inflation-target-not-a-material-failure/#respond Mon, 20 May 2019 14:58:36 +0000 https://www.actionforex.com/?p=200094 Regarding market pricing of Fed’s rate cut, Atlanta Fed President Raphael Bostic told CNBC that “the market is ahead of where I am”. And, “I would say I’m not expecting a rate cut to be imminent, certainly not by September. Things would need to happen in order for that to play out.” On inflation, Bostic […]

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British Pound Steadies after Dismal Week https://www.actionforex.com/contributors/fundamental-analysis/200092-british-pound-steadies-after-dismal-week/ https://www.actionforex.com/contributors/fundamental-analysis/200092-british-pound-steadies-after-dismal-week/#respond Mon, 20 May 2019 14:53:28 +0000 https://www.actionforex.com/?p=200092 GBP/USD is showing little movement on Monday. In the North American session, the pair is trading at 1.2740, up 0.20% on the day. The pair dropped 2.2% last week, its sharpest weekly loss since October 2017. On the release front, British CB Leading Index posted a gain of 0.5%, after a decline of 0.4% in […]

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MARKET WRAP: Stocks Moved Lowe, Euro & Sterling Recovered Losses https://www.actionforex.com/contributors/fundamental-analysis/200090-market-wrap-stocks-moved-lowe-euro-sterling-recovered-losses/ https://www.actionforex.com/contributors/fundamental-analysis/200090-market-wrap-stocks-moved-lowe-euro-sterling-recovered-losses/#respond Mon, 20 May 2019 14:52:47 +0000 https://www.actionforex.com/?p=200090 The global stock market remained sensitive due to the trade issues and Trump administration is no mood to de-escalate these tensions. Stocks The S&P 500 Index dropped on the back of trade war fear by 0.82% as of 15:32 London time; the Nasdaq 100 extended its losses by 1.62%. The Stoxx Europe 600 Index declined […]

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Sunset Market Commentary https://www.actionforex.com/contributors/fundamental-analysis/200088-sunset-market-commentary-319/ https://www.actionforex.com/contributors/fundamental-analysis/200088-sunset-market-commentary-319/#respond Mon, 20 May 2019 14:11:08 +0000 https://www.actionforex.com/?p=200088 Markets Global core bonds are treading water today as the sluggish US-Sino trade negotiations put investors in wait-and-see modus. Global core bonds started the week with a cautious downward trend, unable to profit from a lower equity opening in across Europe. As equity markets continued to slide, core bonds regained some ground. The Bundesbank said […]

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EUR/USD Outlook: Bears on Hold and Looking for Fresh Signals https://www.actionforex.com/contributors/technical-analysis/200085-eur-usd-outlook-bears-on-hold-and-looking-for-fresh-signals/ https://www.actionforex.com/contributors/technical-analysis/200085-eur-usd-outlook-bears-on-hold-and-looking-for-fresh-signals/#respond Mon, 20 May 2019 14:09:34 +0000 https://www.actionforex.com/?p=200085 The pair holds in narrow consolidation above new two-week low as bears take a breather after 07% fall last week. Slight positive tone was boosted by weaker than expected US data on Monday, along with oversold daily stochastic and profit-taking. Technical studies remain negative and maintain strong bearish momentum on daily chart, with weekly bearish […]

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EUR/USD Mid-Day Outlook https://www.actionforex.com/technical-outlook/eurusd-outlook/200081-eur-usd-mid-day-outlook-590/ https://www.actionforex.com/technical-outlook/eurusd-outlook/200081-eur-usd-mid-day-outlook-590/#respond Mon, 20 May 2019 14:05:02 +0000 https://www.actionforex.com/?p=200081 Daily Pivots: (S1) 1.1147; (P) 1.1165; (R1) 1.1176; More….. No change in EUR/USD’s outlook and intraday bias remains mildly on the downside. Consolidation pattern from 1.1111 has completed at 1.1263, after hitting 55 day EMA. Deeper fall should be seen to retest 1.1111 first. Break will resume larger down trend for 100% projection of 1.1448 […]

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GBP/USD Mid-Day Outlook https://www.actionforex.com/technical-outlook/gbpusd-outlook/200077-gbp-usd-mid-day-outlook-585/ https://www.actionforex.com/technical-outlook/gbpusd-outlook/200077-gbp-usd-mid-day-outlook-585/#respond Mon, 20 May 2019 14:02:22 +0000 https://www.actionforex.com/?p=200077 Daily Pivots: (S1) 1.2685; (P) 1.2744; (R1) 1.2776; More…. With 1.2795 minor resistance intact, intraday bias in GBP/USD remains on the downside. Current fall from 1.3381 is in progress for retesting 1.2391 low. Larger decline from 1.4376 might be resuming. Break of 1.2391 will target 61.8% projection of 1.4376 to 1.2391 from 1.3381 at 1.2154 […]

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USD/JPY Mid-Day Outlook https://www.actionforex.com/technical-outlook/usdjpy-outlook/200073-usd-jpy-mid-day-outlook-587/ https://www.actionforex.com/technical-outlook/usdjpy-outlook/200073-usd-jpy-mid-day-outlook-587/#respond Mon, 20 May 2019 13:58:37 +0000 https://www.actionforex.com/?p=200073 Daily Pivots: (S1) 109.65; (P) 109.92; (R1) 110.34; More… USD/JPY is staying in consolidation from 109.02 temporary low and intraday bias remains neutral. Stronger recovery cannot ruled out. But upside should be limited by 55 day EMA (now at 110.85) to bring another fall. On the downside, break of 109.02 will extend the decline from […]

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Risk Aversion Dominates as Huawei Situation Intensifies https://www.actionforex.com/contributors/fundamental-analysis/200065-risk-aversion-dominates-as-huawei-situation-intensifies/ https://www.actionforex.com/contributors/fundamental-analysis/200065-risk-aversion-dominates-as-huawei-situation-intensifies/#respond Mon, 20 May 2019 13:55:15 +0000 https://www.actionforex.com/?p=200065 The Chinese-US trade war intensified on Monday as Huawei’s suppliers stopped doing business with the telco giant. The fallout could really accelerate risk off flows as China’s response is expected to be to suspend business with all suppliers who agreed to halt supplying Huawei. European indexes are all selling off on the trade war angst […]

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US 30 Index Eases Inside Ichimoku Cloud; Fails to Improve https://www.actionforex.com/contributors/technical-analysis/200062-us-30-index-eases-inside-ichimoku-cloud-fails-to-improve/ https://www.actionforex.com/contributors/technical-analysis/200062-us-30-index-eases-inside-ichimoku-cloud-fails-to-improve/#respond Mon, 20 May 2019 13:51:44 +0000 https://www.actionforex.com/?p=200062 The US 30 index is trading below the six-month high of 26,712, struggling within the Ichimoku cloud and the between the 50- and 200-simple moving averages (SMAs). The index is on the back foot and the technical indicators suggest that the market could ease a little bit in the short-term; the MACD is flattening in […]

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USD/CHF Mid-Day Outlook https://www.actionforex.com/technical-outlook/usdchf-outlook/200060-usd-chf-mid-day-outlook-586/ https://www.actionforex.com/technical-outlook/usdchf-outlook/200060-usd-chf-mid-day-outlook-586/#respond Mon, 20 May 2019 13:40:29 +0000 https://www.actionforex.com/?p=200060 Daily Pivots: (S1) 1.0089; (P) 1.0106; (R1) 1.0126; More… USD/CHF weakens mildly after failing to break 4 hour 55 EMA. But it’s staying above 1.0050 temporary low and intraday bias remains neutral. Further decline remains mildly in favor as long as 1.0126 support turned resistance holds. On the downside, break of 1.0050 will resume the […]

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US-China Trade War Intensifies with Huawei Isolation, Currency Markets Shrug Risk Aversion https://www.actionforex.com/action-insight/market-overview/200056-us-china-trade-war-intensifies-with-huawei-isolation-currency-markets-shrug-risk-aversion/ https://www.actionforex.com/action-insight/market-overview/200056-us-china-trade-war-intensifies-with-huawei-isolation-currency-markets-shrug-risk-aversion/#respond Mon, 20 May 2019 13:39:31 +0000 https://www.actionforex.com/?p=200056 US-China trade war remains a dominant theme in the global financial markets today. Words from both sides continued to indicate hard line stances. It doesn’t quite matter how much close to facts are their rhetorics. What matters most is that neither the US or China is going to back down for now. More importantly, after […]

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GBPCAD Hovers Near 3-Month Low https://www.actionforex.com/contributors/technical-analysis/200052-gbpcad-hovers-near-3-month-low/ https://www.actionforex.com/contributors/technical-analysis/200052-gbpcad-hovers-near-3-month-low/#respond Mon, 20 May 2019 12:40:57 +0000 https://www.actionforex.com/?p=200052 GBPCAD plunged below the 50.0% Fibonacci retracement level of the upleg from 1.6590 to 1.7795 and the 200-day moving average. Currently, the price is developing beneath the Ichimoku cloud, while the 20- and 40-simple moving averages (SMAs) are turning lower. The RSI indicator is flattening just above 30 oversold level while the MACD is strengthening […]

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Into US session: Aussie stays firm despite risk aversion, stocks weighed down by Huawei isolation https://www.actionforex.com/live-comments/200048-into-us-session-aussie-stays-firm-despite-risk-aversion-stocks-weighed-down-by-huawei-isolation/ https://www.actionforex.com/live-comments/200048-into-us-session-aussie-stays-firm-despite-risk-aversion-stocks-weighed-down-by-huawei-isolation/#respond Mon, 20 May 2019 12:36:22 +0000 https://www.actionforex.com/?p=200048 Entering into US session, European stocks are trading broadly lower while US futures also point to lower open. Sentiments are hurt as US is stepping up measures to isolate China’s telecom giant Huawei as trade war intensifies. Chipmakers including Intel, Qualcomm, Broadcom indicated that they will stop supply to Huawei. Germany’s Infineon Technologies is also […]

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Bundesbank: Downturn forces prevalent in Germany industry, may intensify somewhat https://www.actionforex.com/live-comments/200046-bundesbank-downturn-forces-prevalent-in-germany-industry-may-intensify-somewhat/ https://www.actionforex.com/live-comments/200046-bundesbank-downturn-forces-prevalent-in-germany-industry-may-intensify-somewhat/#respond Mon, 20 May 2019 12:09:02 +0000 https://www.actionforex.com/?p=200046 Germany’s Bundesbank said in the monthly report that the rebound in Q1 was largely due to one-off factors. Underlying momentum in the economy remained weak and growth might not sustain. It noted that “these effects, which had largely driven growth after the turn of the year, are expected to lapse or even reverse… Moreover, downturn […]

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ECB de Cos: European financial system remains fragile and fragmented https://www.actionforex.com/live-comments/200044-ecb-de-cos-european-financial-system-remains-fragile-and-fragmented/ https://www.actionforex.com/live-comments/200044-ecb-de-cos-european-financial-system-remains-fragile-and-fragmented/#respond Mon, 20 May 2019 11:59:15 +0000 https://www.actionforex.com/?p=200044 ECB Governing Council member Pablo Hernandez de Cos warned that the European financial system remains fragile and fragmented because of “the doom-loop between sovereigns and banks.” He added, “investment portfolios are not well diversified and investment opportunities are lost as these may not always be matched with savers’ funds. He also emphasized the need to […]

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Japanese GDP Figures Surprise, Yet A Sluggish Outlook Remains https://www.actionforex.com/contributors/fundamental-analysis/200042-japanese-gdp-figures-surprise-yet-a-sluggish-outlook-remains/ https://www.actionforex.com/contributors/fundamental-analysis/200042-japanese-gdp-figures-surprise-yet-a-sluggish-outlook-remains/#respond Mon, 20 May 2019 11:32:16 +0000 https://www.actionforex.com/?p=200042 A lull on the front of negative trade war headlines are giving markets a little pause. JPY extends decline for a third session, pushing USD/JPY back above the 110 level (USD/JPY: +0.37% year-to-date). The recent release of 1Q GDP growth data also had a muted impact on financial markets, as Japanese Nikkei 225 index closed […]

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