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 Wed, 14 Nov 2018 02:24:57 +0000 en-US hourly 1 https://wordpress.org/?v=4.9.8 There’s Significant Risk Ahead https://www.actionforex.com/contributors/fundamental-analysis/148412-theres-significant-risk-ahead/ https://www.actionforex.com/contributors/fundamental-analysis/148412-theres-significant-risk-ahead/#respond Wed, 14 Nov 2018 02:24:57 +0000 https://www.actionforex.com/?p=148412 US equities finished mostly lower after a and extremely intense session as oil prices were hammered mercilessly dragging the energy sector stocks into the abyss while any hope for resolution of the U.S.-China trade spat could remain little than a pipe dream given that there is no certainty China will buckle to US demands. But […]

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Eco Data 11/14/18 https://www.actionforex.com/economic-calendar/147564-eco-data-11-14-18/ https://www.actionforex.com/economic-calendar/147564-eco-data-11-14-18/#respond Wed, 14 Nov 2018 00:00:19 +0000 https://www.actionforex.com/?p=147564 The post Eco Data 11/14/18 appeared first on Action Forex.

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Today’s top mover: GBP surges on Brexit hope, CAD dives as WTI oil free fall extends https://www.actionforex.com/live-comments/148406-todays-top-mover-gbp-surges-on-brexit-hope-cad-dives-as-wti-oil-free-fall-extends/ https://www.actionforex.com/live-comments/148406-todays-top-mover-gbp-surges-on-brexit-hope-cad-dives-as-wti-oil-free-fall-extends/#respond Tue, 13 Nov 2018 15:52:23 +0000 https://www.actionforex.com/?p=148406 At the time of writing, GBP/CAD is the top mover for today. But it’s very tight. Sterling is strongest for sure as boosted by Brexit optimism. The headlines flying around suggest that both UK and EU are working intensely to complete the withdrawal agreement, including the stick Irish backstop, within a day or two. That […]

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More Euro Underperformance in Store by Year-End? https://www.actionforex.com/contributors/fundamental-analysis/148399-more-euro-underperformance-in-store-by-year-end/ https://www.actionforex.com/contributors/fundamental-analysis/148399-more-euro-underperformance-in-store-by-year-end/#respond Tue, 13 Nov 2018 15:34:12 +0000 https://www.actionforex.com/?p=148399 Mostly euro-friendly election outcomes, at least in the eyes of investors, and economic data pointing to a strong pickup in economic activity were the factors that rendered the euro the best performing major currency in 2017. Specifically, the common currency advanced by 14.1% versus its US counterpart. This compares to the -6.1% so far in […]

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Sunset Market Commentary https://www.actionforex.com/contributors/fundamental-analysis/148397-sunset-market-commentary-198/ https://www.actionforex.com/contributors/fundamental-analysis/148397-sunset-market-commentary-198/#respond Tue, 13 Nov 2018 15:06:55 +0000 https://www.actionforex.com/?p=148397 Markets: Global core bonds are steady today. Both German Bunds and US Treasuries are hovering near opening levels awaiting developments on the Italian budget proposal and brexit. Italy had until today to submit a revised budget proposal to the European Commission. Italy’s La Stampa reported that the government had no intention to leave its stance […]

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GBPUSD Outlook: Renewed Brexit Optimism and Upbeat Earnings Data Helped Pound’s 1% Recovery https://www.actionforex.com/contributors/technical-analysis/148393-gbpusd-outlook-renewed-brexit-optimism-and-upbeat-earnings-data-helped-pounds-1-recovery/ https://www.actionforex.com/contributors/technical-analysis/148393-gbpusd-outlook-renewed-brexit-optimism-and-upbeat-earnings-data-helped-pounds-1-recovery/#respond Tue, 13 Nov 2018 14:45:50 +0000 https://www.actionforex.com/?p=148393 Cable holds in strong bullish mode in early US trading on Tuesday, following nearly 1% advance in Asia and Europe. Fresh bullish sentiment emerged from optimistic comments about Brexit and boosted by upbeat UK earnings data (Sep ex-bonus 3.2% vs 3.1% f/c/prev and Sep earnings including bonus in line with 3.0% f/c and Aug figure […]

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UK Inflation and Retail Sales to Briefly Divert Attention from Brexit https://www.actionforex.com/contributors/fundamental-analysis/148389-uk-inflation-and-retail-sales-to-briefly-divert-attention-from-brexit/ https://www.actionforex.com/contributors/fundamental-analysis/148389-uk-inflation-and-retail-sales-to-briefly-divert-attention-from-brexit/#respond Tue, 13 Nov 2018 14:37:15 +0000 https://www.actionforex.com/?p=148389 The UK will see the release of its latest inflation and retail sales data on Wednesday and Thursday respectively, both at 0930 GMT. While a strong set of prints could support the pound somewhat, the dominant force dictating the currency’s broader movements will likely be the Brexit saga, where both sides are reportedly working round […]

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EURAUD Flattens after Touching 3-Month Low https://www.actionforex.com/contributors/technical-analysis/148386-euraud-flattens-after-touching-3-month-low/ https://www.actionforex.com/contributors/technical-analysis/148386-euraud-flattens-after-touching-3-month-low/#respond Tue, 13 Nov 2018 14:20:33 +0000 https://www.actionforex.com/?p=148386 EURAUD slipped to a fresh 3-month low earlier today of 1.5574. The price has lost its positive momentum in the longer-term picture as it penetrated the rising trend line to the downside during the previous week. In the short-term, the pair is creating an aggressive bearish rally following the bounce off the 1.6350 resistance level […]

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Canadian Dollar Slips to 4-Month low as Risk Appetite Slips https://www.actionforex.com/contributors/fundamental-analysis/148384-canadian-dollar-slips-to-4-month-low-as-risk-appetite-slips/ https://www.actionforex.com/contributors/fundamental-analysis/148384-canadian-dollar-slips-to-4-month-low-as-risk-appetite-slips/#respond Tue, 13 Nov 2018 14:02:20 +0000 https://www.actionforex.com/?p=148384 The Canadian dollar has edged higher in the Tuesday session, after three straight losing sessions. Currently, USD/CAD is trading at 1.3231, down 0.14% on the day. On the release front, there are no major U.S. indicators and no Canadian events. On Wednesday, the U.S. releases CPI reports. Nervousness and uncertainty on the part of investors […]

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USDJPY Broader Risk Points Higher Towards 114.53 Resistance https://www.actionforex.com/contributors/technical-analysis/148381-usdjpy-broader-risk-points-higher-towards-114-53-resistance/ https://www.actionforex.com/contributors/technical-analysis/148381-usdjpy-broader-risk-points-higher-towards-114-53-resistance/#respond Tue, 13 Nov 2018 14:01:13 +0000 https://www.actionforex.com/?p=148381 USDJPY broader risk points higher towards 114.53 resistance zone. As long as the pair trades and holds above the 113.38/57 support levels, its broader uptrend remains valid. On the upside, resistance comes in at 115.00 level. Above here will turn focus to the 115.50 level. Further out, we expect a possible move towards the 116.00 […]

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EUR/USD Mid-Day Outlook https://www.actionforex.com/technical-outlook/eurusd-outlook/148377-eur-usd-mid-day-outlook-463/ https://www.actionforex.com/technical-outlook/eurusd-outlook/148377-eur-usd-mid-day-outlook-463/#respond Tue, 13 Nov 2018 13:59:03 +0000 https://www.actionforex.com/?p=148377 Daily Pivots: (S1) 1.1177; (P) 1.1256; (R1) 1.1297; More….. With 1.1313 minor resistance intact, intraday bias in EUR/USD remains on the downside. Current decline should target 1.1186 fibonacci level first. Break will target 61.8% projection of 1.2555 to 1.1300 from 1.1814 at 1.1038 next. On the upside, above 1.1313 minor resistance will turn intraday bias […]

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GBP/USD Mid-Day Outlook https://www.actionforex.com/technical-outlook/gbpusd-outlook/148373-gbp-usd-mid-day-outlook-458/ https://www.actionforex.com/technical-outlook/gbpusd-outlook/148373-gbp-usd-mid-day-outlook-458/#respond Tue, 13 Nov 2018 13:56:38 +0000 https://www.actionforex.com/?p=148373 Daily Pivots: (S1) 1.2802; (P) 1.2875; (R1) 1.2922; More… Intraday bias in GBP/USD is turned neutral as it recovers after hitting 1.2825. Intraday bias is turned neutral first. On the downside, below 1.2825 will resume the fall from 1.3174 to 1.2661/92 key support zone. Decisive break there will resume larger down trend from 1.4376. On […]

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USD/CHF Mid-Day Outlook https://www.actionforex.com/technical-outlook/usdchf-outlook/148369-usd-chf-mid-day-outlook-460/ https://www.actionforex.com/technical-outlook/usdchf-outlook/148369-usd-chf-mid-day-outlook-460/#respond Tue, 13 Nov 2018 13:51:33 +0000 https://www.actionforex.com/?p=148369 Daily Pivots: (S1) 1.0071; (P) 1.0091; (R1) 1.0130; More… USD/CHF’s rally is still in progress and intraday bias stays on the upside. Rise from 0.9541 is resuming whole rally from 0.9861. Next target is 1.0342 key resistance. On the downside, break of 0.9952 support is needed to indicate short term topping. Otherwise, outlook will remain […]

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USD/JPY Mid-Day Outlook https://www.actionforex.com/technical-outlook/usdjpy-outlook/148365-usd-jpy-mid-day-outlook-459/ https://www.actionforex.com/technical-outlook/usdjpy-outlook/148365-usd-jpy-mid-day-outlook-459/#respond Tue, 13 Nov 2018 13:49:02 +0000 https://www.actionforex.com/?p=148365 Daily Pivots: (S1) 113.60; (P) 113.90; (R1) 114.15; More.. No change in USD/JPY’s outlook. With 112.94 minor support intact, further rise is in favor for 114.54/73. But due to loss of upside momentum as seen in 4 hour MACD, we’d be cautious on strong resistance from 114.54/73 to limit upside and bring reversal. On the […]

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USDCHF Ignores Stock Market Volatility https://www.actionforex.com/contributors/technical-analysis/148362-usdchf-ignores-stock-market-volatility/ https://www.actionforex.com/contributors/technical-analysis/148362-usdchf-ignores-stock-market-volatility/#respond Tue, 13 Nov 2018 13:46:24 +0000 https://www.actionforex.com/?p=148362 Although slightly higher today, the perceived safe-haven Swiss franc has been repeatedly hitting new lows on the year against the US dollar, despite the recent stock market sell-off. In large part, this has been because of the growing disparity between the Swiss and US monetary policy stances. Whereas the Federal Reserve is on a hiking […]

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DAX Stops Slide on Hopes of US-China Talk https://www.actionforex.com/contributors/fundamental-analysis/148360-dax-stops-slide-on-hopes-of-us-china-talk/ https://www.actionforex.com/contributors/fundamental-analysis/148360-dax-stops-slide-on-hopes-of-us-china-talk/#respond Tue, 13 Nov 2018 13:29:29 +0000 https://www.actionforex.com/?p=148360 The DAX index has posted gains on Tuesday, after very sharp losses in the Monday session. Currently, the DAX is trading at 11,408, up 0.32% on the day. In economic news, German ZEW Economic Sentiment posted a dismal reading of -24.1, just above the estimate of -24.2 points. Eurozone ZEW Economic Sentiment fell to -22.0, […]

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EUR/GBP Mid-Day Outlook https://www.actionforex.com/technical-outlook/eurgbp-outlook/148358-eur-gbp-mid-day-outlook-37/ https://www.actionforex.com/technical-outlook/eurgbp-outlook/148358-eur-gbp-mid-day-outlook-37/#respond Tue, 13 Nov 2018 13:27:40 +0000 https://www.actionforex.com/?p=148358 Daily Pivots: (S1) 0.8701; (P) 0.8738; (R1) 0.8766; More… EUR/GBP’s break of 0.8690 temporary low indicates resumption of whole decline form 0.9098. Intraday bias is back on the downside for 0.8620 support first. Break will target 100% projection of 0.9098 to 0.8722 from 0.8939 at 0.8563 next. However, break of 0.8773 minor resistance will turn […]

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Sterling Surges as Brexit Agreement, Including Irish Backstop, Will be Ready Soon https://www.actionforex.com/action-insight/market-overview/148354-sterling-surges-as-brexit-agreement-including-irish-backstop-will-be-ready-soon/ https://www.actionforex.com/action-insight/market-overview/148354-sterling-surges-as-brexit-agreement-including-irish-backstop-will-be-ready-soon/#respond Tue, 13 Nov 2018 13:27:12 +0000 https://www.actionforex.com/?p=148354 Sterling rebounds solidly today and there is new wave of buying coming in at early part of US session. Positive news regrading Brexit negotiation is the key driver of the Pound. It’s reported that the Brexit agreement is now closer than ever. And, there are only a small number of issues that. Further than that, […]

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Euro Slightly Up Before Italy’s Budget Deadline; Oil in the Red https://www.actionforex.com/contributors/fundamental-analysis/148350-euro-slightly-up-before-italys-budget-deadline-oil-in-the-red/ https://www.actionforex.com/contributors/fundamental-analysis/148350-euro-slightly-up-before-italys-budget-deadline-oil-in-the-red/#respond Tue, 13 Nov 2018 12:42:31 +0000 https://www.actionforex.com/?p=148350 Here are the latest developments in global markets: FOREX: Three-month average earnings including bonuses grew by 3.0% y/y in September in the UK, while the ex-bonus measure jumped by 3.2% y/y versus 3.1% expected. The pound, though, saw little upside as the unemployment rate inched up by 0.1 percentage points to 4.1%, while more importantly […]

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Euro Pauses from Sharp Slide as German CPI Matches Forecast https://www.actionforex.com/contributors/fundamental-analysis/148348-euro-pauses-from-sharp-slide-as-german-cpi-matches-forecast/ https://www.actionforex.com/contributors/fundamental-analysis/148348-euro-pauses-from-sharp-slide-as-german-cpi-matches-forecast/#respond Tue, 13 Nov 2018 12:29:41 +0000 https://www.actionforex.com/?p=148348 After three straight losing sessions, EUR/USD has reversed directions and posted slight gains. In the Thursday session, the pair is trading at 1.1249, up 0.28% on the day. On the release front, German ZEW Economic Sentiment posted a dismal reading of -24.1, just above the estimate of -24.2 points. Eurozone ZEW Economic Sentiment fell to […]

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