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, 25 Jun 2018 05:58:54 +0000 en-US hourly 1 https://wordpress.org/?v=4.9.6 OPEC/ Non-OPEC Deal Has Limited Impact. Here is Why https://www.actionforex.com/action-insight/oil-n-gold/106854-opec-non-opec-deal-has-limited-impact-here-is-why/ https://www.actionforex.com/action-insight/oil-n-gold/106854-opec-non-opec-deal-has-limited-impact-here-is-why/#respond Mon, 25 Jun 2018 05:58:54 +0000 https://www.actionforex.com/?p=106854 Oil bulls are relieved after the OPEC/ non-OPEC decision on production. At the joint statement released on June 23, the oil producers announced that they would “strive to adhere to the overall conformity level, voluntarily adjusted to 100%, from July 1 and for the rest of the year. The Joint Ministerial Monitoring Committee (JMMC) would […]

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BIS: Protectionism, snapback in yeilds, politics in Euro area are possible triggers of downturn https://www.actionforex.com/live-comments/106852-bis-protectionism-snapback-in-yeilds-politics-in-euro-area-are-possible-triggers-of-downturn/ https://www.actionforex.com/live-comments/106852-bis-protectionism-snapback-in-yeilds-politics-in-euro-area-are-possible-triggers-of-downturn/#respond Mon, 25 Jun 2018 05:16:41 +0000 https://www.actionforex.com/?p=106852 The Bank for International Settlements warned in its annual report that escalation of protectionist measures is one possible trigger of global economic slowdown or downturn. It said that “its impact could be very significant, if such escalation was seen as threatening the open multilateral trading system.” And, there are already signs that the these measures […]

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PBoC cuts RRR by 50bps to release CNY 700B in funds https://www.actionforex.com/live-comments/106850-pboc-cuts-rrr-by-50bps-to-release-cny-700b-in-funds/ https://www.actionforex.com/live-comments/106850-pboc-cuts-rrr-by-50bps-to-release-cny-700b-in-funds/#respond Mon, 25 Jun 2018 04:42:42 +0000 https://www.actionforex.com/?p=106850 China’s central bank, PBoC, announced to lower some banks’ reserve requirement ratios by 50 bps, effective July 5. The targeted banks include large state-owned commercial banks, joint-stock commercial banks, postal savings banks, urban commercial banks, non-county rural commercial banks and foreign banks. PBoC also encourages the five state-owned large-scale commercial banks and 12 joint-stock commercial […]

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Yen surges and Trump escalates trade war threats to the world https://www.actionforex.com/live-comments/106845-yen-surges-and-trump-escalates-trade-war-threats-to-the-world/ https://www.actionforex.com/live-comments/106845-yen-surges-and-trump-escalates-trade-war-threats-to-the-world/#respond Mon, 25 Jun 2018 04:33:14 +0000 https://www.actionforex.com/?p=106845 Yen and Swiss franc continue to trade as the stronger ones on risk aversion. Asian markets are mostly down, with Nikkei losing -0.4% right now. China market is an exception with Shanghai Composite up 0.17%, supported by PBoC’s cut in RRR. USD/JPY’s break of 109.54 minor support now open the way for deeper fall back […]

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Market Morning Briefing: Pound Saw A High Near 1.3315 On Friday https://www.actionforex.com/contributors/technical-analysis/106843-market-morning-briefing-pound-saw-a-high-near-1-3315-on-friday/ https://www.actionforex.com/contributors/technical-analysis/106843-market-morning-briefing-pound-saw-a-high-near-1-3315-on-friday/#respond Mon, 25 Jun 2018 03:22:58 +0000 https://www.actionforex.com/?p=106843 STOCKS Dow (24580.89, +0.49%) could get some decent support near 24250 but overall there could be chances of a fall towards 24000 in the medium term. Near to medium term looks bearish towards 24000 with some short corrective upmoves. 12700 is the earlier support turned resistance and could hold in the near term keeping Dax […]

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EUR/USD Is Likely Forming Double Bottom At 1.1510 https://www.actionforex.com/contributors/technical-analysis/106840-eur-usd-is-likely-forming-double-bottom-at-1-1510/ https://www.actionforex.com/contributors/technical-analysis/106840-eur-usd-is-likely-forming-double-bottom-at-1-1510/#respond Mon, 25 Jun 2018 03:11:41 +0000 https://www.actionforex.com/?p=106840 Key Highlights The Euro declined and retested the last swing low of 1.1505-10 against the US Dollar. There is a connecting bearish trend line in place with resistance at 1.1700 on the 4-hours chart of EUR/USD. The US Services Purchasing Managers Index (PMI) (Prelim) in June 2018 declined from 56.8 to 56.5. Today in the […]

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USDCHF – Retains Downside Pressure Outlook https://www.actionforex.com/contributors/technical-analysis/106837-usdchf-retains-downside-pressure-outlook/ https://www.actionforex.com/contributors/technical-analysis/106837-usdchf-retains-downside-pressure-outlook/#respond Mon, 25 Jun 2018 02:27:53 +0000 https://www.actionforex.com/?p=106837 USDCHF – The pair continues to look vulnerable to the downside as it closed lower the past week. On the downside, support lies at the 0.9850 level. A turn below here will open the door for more weakness towards the 0.9800 level and then the 0.9750 level. On the upside, resistance resides at the 0.9900 […]

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EURUSD – Sets Up To Strengthen Further https://www.actionforex.com/contributors/technical-analysis/106834-eurusd-sets-up-to-strengthen-further/ https://www.actionforex.com/contributors/technical-analysis/106834-eurusd-sets-up-to-strengthen-further/#respond Mon, 25 Jun 2018 02:26:39 +0000 https://www.actionforex.com/?p=106834 EURUSD – The pair rejected lower prices to close higher the past week. On the upside, resistance comes in at 1.1700 level with a cut through here opening the door for more upside towards the 1.1750 level. Further up, resistance lies at the 1.1800 level where a break will expose the 1.1850 level. Conversely, support […]

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GOLD – Looks To Recover Higher On Correction https://www.actionforex.com/contributors/technical-analysis/106830-gold-looks-to-recover-higher-on-correction/ https://www.actionforex.com/contributors/technical-analysis/106830-gold-looks-to-recover-higher-on-correction/#respond Mon, 25 Jun 2018 02:25:44 +0000 https://www.actionforex.com/?p=106830 GOLD – The pair continues to face recovery pressure as it looks to move further higher. On the downside, support comes in at the 1,260.00 level where a break will turn attention to the 1,250.00 level. Further down, a cut through here will open the door for a move lower towards the 1,240.00 level. Below […]

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No Rest For The Weary https://www.actionforex.com/contributors/fundamental-analysis/106828-no-rest-for-the-weary-2/ https://www.actionforex.com/contributors/fundamental-analysis/106828-no-rest-for-the-weary-2/#respond Mon, 25 Jun 2018 02:23:40 +0000 https://www.actionforex.com/?p=106828 Another Trade-induced meltdown New Curbs on China investment! Another barrage of potential tariffs along with the US administration looking to impose International Emergency Economic Powers Act of 1977 to prohibit Chinese firms from investing in the US technology sectors has again spooked global equity market in early trade while inducing a yet another risk meltdown. […]

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Eco Data 6/25/18 https://www.actionforex.com/economic-calendar/106671-eco-data-6-25-18/ https://www.actionforex.com/economic-calendar/106671-eco-data-6-25-18/#respond Mon, 25 Jun 2018 00:00:06 +0000 https://www.actionforex.com/?p=106671 The post Eco Data 6/25/18 appeared first on Action Forex.

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Bulls Increased Bets While Bears Cowered on USD’s Rally https://www.actionforex.com/action-insight/special-topics/106799-bulls-increased-bets-while-bears-cowered-on-usds-rally/ https://www.actionforex.com/action-insight/special-topics/106799-bulls-increased-bets-while-bears-cowered-on-usds-rally/#respond Sun, 24 Jun 2018 14:38:15 +0000 https://www.actionforex.com/?p=106799 USD bulls won ahead of the June FOMC meeting, as suggested in the CFTC Commitments of Traders report in the week ended June 19. Speculative long positions for USD Index (DXY) futures gained +2 267 contracts while shorts slumped -11 142 contracts, resulting in Net LENGTH of 18 072 contracts, up +13 409 contracts from the […]

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Forex Winning Strategies https://www.actionforex.com/forex-education/106823-forex-winning-strategies/ https://www.actionforex.com/forex-education/106823-forex-winning-strategies/#respond Sun, 24 Jun 2018 14:30:50 +0000 https://www.actionforex.com/?p=106823 Personal Forex coaching is about to be changed! Get this personal coaching guide homestudy video program and let Vic Noble be your personal coach. Since 2005, through his personal one-on-one coaching at Forexmentor.com, our resident Forex coach Vic Noble has single-handedly turned helped thousands of struggling Forex traders to turn around their trading by addressing […]

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FX Systems Lab https://www.actionforex.com/forex-education/106812-fx-systems-lab/ https://www.actionforex.com/forex-education/106812-fx-systems-lab/#respond Sun, 24 Jun 2018 14:23:55 +0000 https://www.actionforex.com/?p=106812 What’s It All About? Each of the monthly courses is impeccably detailed and practically focused, with an emphasis not on pie-in-the-sky theory, but rather how to “get down to brass tacks” and actually apply the system for the purpose of making money in the global Forex market. The duration of each course varies, but all […]

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Learn Forex Now https://www.actionforex.com/forex-education/106808-learn-forex-now/ https://www.actionforex.com/forex-education/106808-learn-forex-now/#respond Sun, 24 Jun 2018 14:15:19 +0000 https://www.actionforex.com/?p=106808 A Comprehensive Guidebook for Aspiring Forex Traders You’ve heard just enough commentary “through the grapevine” to wonder whether Forex trading represents a possibly viable opportunity for making a part-time, or possibly even full-time income stream for yourself. And yet you’ve also done enough searching through pages and pages of sometimes skimpy, sometimes confusing, and sometimes […]

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TrendTrader Plus https://www.actionforex.com/forex-education/106804-trendtrader-plus/ https://www.actionforex.com/forex-education/106804-trendtrader-plus/#respond Sun, 24 Jun 2018 14:09:47 +0000 https://www.actionforex.com/?p=106804 Market Entry Tools Right On Time The most effective and user-friendly trading approach and related set of tools available anywhere for identifying a strongly trending Forex market, and timing entry points in the direction of trend with high precision and low risk. Do you wish to cut down on the amount of time and effort […]

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The Ultimate Divergence Trading Course https://www.actionforex.com/forex-education/106801-the-ultimate-divergence-trading-course/ https://www.actionforex.com/forex-education/106801-the-ultimate-divergence-trading-course/#respond Sun, 24 Jun 2018 14:05:39 +0000 https://www.actionforex.com/?p=106801 A unique combination of price action, divergence analysis, and pattern recognition what will change the way you view the Forex market. For the first time ever Chris Mathis is making his complete Divergence trading methodology available to retail Forex traders. Now you can learn the powerful trading methods that propelled Chris from the retail trading […]

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Traders Turned More Bearish on Precious Metals as US Dollar Jumped https://www.actionforex.com/action-insight/oil-n-gold/106783-traders-turned-more-bearish-on-precious-metals-as-us-dollar-jumped/ https://www.actionforex.com/action-insight/oil-n-gold/106783-traders-turned-more-bearish-on-precious-metals-as-us-dollar-jumped/#respond Sun, 24 Jun 2018 13:50:58 +0000 https://www.actionforex.com/?p=106783 According to the CFTC Commitments of Traders report for the week ended Jun 19, net LENGTH for crude oil futures declined -14 346 contracts to 580 947. Net LENGTH for heating oil futures rose +16 653 contracts to 51 250 while that for gasoline soared +11 668 contracts to 97 536. Net SHORT for natural gas […]

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Forex Forecast and Cryptocurrencies Forecast for June 25-29, 2018 https://www.actionforex.com/contributors/technical-analysis/106774-forex-forecast-and-cryptocurrencies-forecast-for-june-25-29-2018/ https://www.actionforex.com/contributors/technical-analysis/106774-forex-forecast-and-cryptocurrencies-forecast-for-june-25-29-2018/#respond Sun, 24 Jun 2018 11:50:31 +0000 https://www.actionforex.com/?p=106774 First, a review of last week’s forecast: EUR/USD. Most experts (65%) expected the pair to make an attempt to break through the 1.1500 support, which actually happened. However, the attempt failed, the bears’ strengths weakened and, against the background of a temporary lull in the trade war between the US and China, the dollar lost […]

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EUR/USD Weekly Outlook https://www.actionforex.com/technical-outlook/eurusd-outlook/106767-eur-usd-weekly-outlook-73/ https://www.actionforex.com/technical-outlook/eurusd-outlook/106767-eur-usd-weekly-outlook-73/#respond Sat, 23 Jun 2018 16:53:56 +0000 https://www.actionforex.com/?p=106767 EUR/USD breached 1.1509 to 1.1507 last week but quickly recovered. Initial bias stays neutral this week as consolidation from 1.1509 is extending. Upside of recovery should be limited by 1.1851 resistance to bring fall resumption. On the downside, break of 1.1507/9 will resume the whole fall from 1.2555 through 50% retracement of 1.0339 to 1.2555 […]

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