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, 20 Mar 2019 15:05:01 +0000 en-US hourly 1 https://wordpress.org/?v=5.1.1 Sunset Market Commentary https://www.actionforex.com/contributors/fundamental-analysis/182932-sunset-market-commentary-280/ https://www.actionforex.com/contributors/fundamental-analysis/182932-sunset-market-commentary-280/#respond Wed, 20 Mar 2019 15:05:01 +0000 https://www.actionforex.com/?p=182932 Markets Core bonds gained modest ground today in another low-volume trading session ahead of tonight’s FOMC meeting (see below). European stock markets turned south on mixed Chinese trade news, new brexit hurdles and individual problems (eg Bayer & BMW) with core bonds benefiting from some safe haven flows. US yields shed 1.2 bps (2-yr) to […]

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UK 100 Index Runs Towards 5-Month High; SMAs Act as Supports https://www.actionforex.com/contributors/technical-analysis/182929-uk-100-index-runs-towards-5-month-high-smas-act-as-supports/ https://www.actionforex.com/contributors/technical-analysis/182929-uk-100-index-runs-towards-5-month-high-smas-act-as-supports/#respond Wed, 20 Mar 2019 14:51:22 +0000 https://www.actionforex.com/?p=182929 UK 100 stock index (FTSE 100) has advanced considerably after touching the 38.2% Fibonacci retracement level of the downleg from 7900 to 6533, around 7060. During Tuesday’s session the price gained some more ground driving the market towards a fresh five-month high of 7350. The flatly aligned Tenkan- and Kijun-sen lines are indicative of a […]

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EUR/USD Bull Pressure Remains Towards Major Resistance https://www.actionforex.com/contributors/technical-analysis/182926-eur-usd-bull-pressure-remains-towards-major-resistance/ https://www.actionforex.com/contributors/technical-analysis/182926-eur-usd-bull-pressure-remains-towards-major-resistance/#respond Wed, 20 Mar 2019 14:34:54 +0000 https://www.actionforex.com/?p=182926 EURUSD bull pressure remains towards major resistance at 1.1419 area. This is coming on the back of its recent gain. Support lies at the 1.1300 where a break will turn attention to the 1.1250 level. A break below here will target the 1.1200 level. Further down, support lies at the 1.1150. On the upside, resistance […]

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NZD/USD Coils ahead of FOMC and NZ GDP https://www.actionforex.com/contributors/fundamental-analysis/182923-nzd-usd-coils-ahead-of-fomc-and-nz-gdp/ https://www.actionforex.com/contributors/fundamental-analysis/182923-nzd-usd-coils-ahead-of-fomc-and-nz-gdp/#respond Wed, 20 Mar 2019 14:31:17 +0000 https://www.actionforex.com/?p=182923 The NZD/USD might not be the most obvious pair to monitor the US dollar’s movement against tonight, but there is a good reason why this pair should be watched closely. Some three-and-three-quarter hours after the FOMC’s policy statement and economic projections are released, Statistics New Zealand will publish the nation’s latest growth figure. New Zealand […]

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USD/JPY Mid-Day Outlook https://www.actionforex.com/technical-outlook/usdjpy-outlook/182919-usd-jpy-mid-day-outlook-546/ https://www.actionforex.com/technical-outlook/usdjpy-outlook/182919-usd-jpy-mid-day-outlook-546/#respond Wed, 20 Mar 2019 14:25:34 +0000 https://www.actionforex.com/?p=182919 Daily Pivots: (S1) 111.21; (P) 111.34; (R1) 111.55; More… USD/JPY is staying in consolidation from 112.13 and more sideway trading could be seen. Intraday bias remains neutral first. As long as 110.35 support hold, near term outlook remains bullish. Rise from 104.69 is expected to extend higher. On the upside, break of 112.13 will turn […]

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USD/CHF Mid-Day Outlook https://www.actionforex.com/technical-outlook/usdchf-outlook/182915-usd-chf-mid-day-outlook-546/ https://www.actionforex.com/technical-outlook/usdchf-outlook/182915-usd-chf-mid-day-outlook-546/#respond Wed, 20 Mar 2019 14:22:06 +0000 https://www.actionforex.com/?p=182915 Daily Pivots: (S1) 0.9978; (P) 0.9998; (R1) 1.0011; More…. USD/CHF’s fall from 1.0124 is still in progress and intraday bias remains on the downside for 0.9962 support. Decisive break there will be an early sign of medium term reversal and should target 0.9716 key support. On the upside, above 1.0020 minor resistance will turn bias […]

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EUR/USD Mid-Day Outlook https://www.actionforex.com/technical-outlook/eurusd-outlook/182911-eur-usd-mid-day-outlook-549/ https://www.actionforex.com/technical-outlook/eurusd-outlook/182911-eur-usd-mid-day-outlook-549/#respond Wed, 20 Mar 2019 14:17:41 +0000 https://www.actionforex.com/?p=182911 Daily Pivots: (S1) 1.1335; (P) 1.1349; (R1) 1.1364; More….. No change in EUR/USD’s outlook and further rise could be seen with 1.1294 minor support intact. Still, as rebound from 1.1176 is seen as a corrective move, upside should be limited below 1.1419 resistance to complete the rebound. On the downside, below 1.1294 minor support will […]

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GBP/USD Mid-Day Outlook https://www.actionforex.com/technical-outlook/gbpusd-outlook/182909-gbp-usd-mid-day-outlook-544/ https://www.actionforex.com/technical-outlook/gbpusd-outlook/182909-gbp-usd-mid-day-outlook-544/#respond Wed, 20 Mar 2019 14:06:00 +0000 https://www.actionforex.com/?p=182909 Daily Pivots: (S1) 1.3226; (P) 1.3269; (R1) 1.3306; More…. GBP/USD drops sharply today but it’s, after all, staying well above 1.2960 support. Intraday bias remains neutral and more consolidative could be seen. With 1.2960 support intact, further rise is expected. On the upside, firm break of 1.3381 will target 61.8% retracement of 1.4376 to 1.2391 […]

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Sterling Dives as Markets Disapprove May’s Short Brexit Extension, Dollar Mixed ahead of FOMC https://www.actionforex.com/action-insight/market-overview/182905-sterling-dives-as-markets-disapprove-mays-short-brexit-extension-dollar-mixed-ahead-of-fomc/ https://www.actionforex.com/action-insight/market-overview/182905-sterling-dives-as-markets-disapprove-mays-short-brexit-extension-dollar-mixed-ahead-of-fomc/#respond Wed, 20 Mar 2019 14:05:15 +0000 https://www.actionforex.com/?p=182905 Sterling suffers another round of selloff today as the markets clearly disapprove of UK Prime Minister Theresa May’s next step on Brexit. In short, she’s just seeking a short delay until June 30. But any date beyond May 23, when EU elections take place, is already rejected back on March 11. May also intends to […]

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EU Juncker warns UK May against Brexit delay past May 23 https://www.actionforex.com/live-comments/182900-eu-juncker-warns-uk-may-against-brexit-delay-past-may-23/ https://www.actionforex.com/live-comments/182900-eu-juncker-warns-uk-may-against-brexit-delay-past-may-23/#respond Wed, 20 Mar 2019 13:35:06 +0000 https://www.actionforex.com/?p=182900 According to his spokesperson, European Commission President Jean-Claude Juncker warned UK Prime Minister Theresa May in a phone call that short Brexit extension has to be complete before May 23. .@JunckerEU thinks it is good that @theresa_may sets out her thoughts ahead of #EUCO; warned her in phone call against including a date for the […]

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EURNZD Rests Falling Trend Line; Indicators Flatten Out https://www.actionforex.com/contributors/technical-analysis/182897-eurnzd-rests-falling-trend-line-indicators-flatten-out/ https://www.actionforex.com/contributors/technical-analysis/182897-eurnzd-rests-falling-trend-line-indicators-flatten-out/#respond Wed, 20 Mar 2019 13:27:12 +0000 https://www.actionforex.com/?p=182897 EURNZD has been hovering within a downward channel after the pullback on the 1.7200 psychological level on January 3. Today, the price pierced the 40-simple moving average (SMA) and the falling trend line earlier but it could hold above them, with the technical indicators suggesting now weak momentum as the stochastic and the RSI are […]

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Canadian Dollar Flat Ahead of Fed Announcement https://www.actionforex.com/contributors/fundamental-analysis/182895-canadian-dollar-flat-ahead-of-fed-announcement/ https://www.actionforex.com/contributors/fundamental-analysis/182895-canadian-dollar-flat-ahead-of-fed-announcement/#respond Wed, 20 Mar 2019 13:25:39 +0000 https://www.actionforex.com/?p=182895 The Canadian dollar is drifting in the Wednesday session. Currently, USD/CAD is trading at 1.3321, down 0.03% on the day. On the release front, there are no Canadian events. In the U.S., the Federal Reserve winds up a 2-day meeting and will release a rate statement. All eyes are will be on the Federal Reserve, […]

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DAX Falls Sharply on Profit Taking, Bayer Slide https://www.actionforex.com/contributors/fundamental-analysis/182893-dax-falls-sharply-on-profit-taking-bayer-slide/ https://www.actionforex.com/contributors/fundamental-analysis/182893-dax-falls-sharply-on-profit-taking-bayer-slide/#respond Wed, 20 Mar 2019 13:24:42 +0000 https://www.actionforex.com/?p=182893 The DAX has posted sharp losses on Wednesday. Currently, the DAX is at 11,619, down 1.43% on the day. In economic news, German PPI declined by 0.1%, shy of the estimate of 0.2%. This marked the second decline in three months. All eyes are on the Federal Reserve, which will release its monthly rate statement. […]

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Into US session: Sterling weakest as May seeks short Brexit delay to June 30 https://www.actionforex.com/live-comments/182890-into-us-session-sterling-weakest-as-may-seeks-short-brexit-delay-to-june-30/ https://www.actionforex.com/live-comments/182890-into-us-session-sterling-weakest-as-may-seeks-short-brexit-delay-to-june-30/#respond Wed, 20 Mar 2019 13:09:55 +0000 https://www.actionforex.com/?p=182890 Entering into US session, Sterling is undoubtedly the weakest one as Brexit chaos continue. UK PM May confirmed that she is seeking Article 50 extension till June 30. And she intends to have the third meaningful vote on her Brexit deal. At the same times, it’s reported that EU would only approve extensions till May […]

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EU could only approval Brexit delay to May 23, not June 30 https://www.actionforex.com/live-comments/182887-eu-could-only-approval-brexit-delay-to-may-23-not-june-30/ https://www.actionforex.com/live-comments/182887-eu-could-only-approval-brexit-delay-to-may-23-not-june-30/#respond Wed, 20 Mar 2019 12:58:15 +0000 https://www.actionforex.com/?p=182887 While UK PM May is seeking Article 50 extension to June 30, an EU document seen by Reuters noted that it won’t grant any extension beyond May 23. The document noted that “any extension offered to the United Kingdom should either last until 23 May 2019 or should be significantly longer and require European elections.” […]

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Dollar Mixed ahead of Fed https://www.actionforex.com/contributors/fundamental-analysis/182877-dollar-mixed-ahead-of-fed/ https://www.actionforex.com/contributors/fundamental-analysis/182877-dollar-mixed-ahead-of-fed/#respond Wed, 20 Mar 2019 12:48:36 +0000 https://www.actionforex.com/?p=182877 USD – Fed to detail end of QE and possibly inflation targeting Trade War – Deal could occur over next two months Brexit – May wants short delay Oil  – Softer on China concerns Gold  – Rising on tame inflation and trade deal uncertainty The conclusion of the two-day Fed meeting is expected to see […]

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UK PM May seeking Article 50 extensions until June 30 https://www.actionforex.com/live-comments/182875-uk-pm-may-seeking-article-50-extensions-until-june-30/ https://www.actionforex.com/live-comments/182875-uk-pm-may-seeking-article-50-extensions-until-june-30/#respond Wed, 20 Mar 2019 12:15:15 +0000 https://www.actionforex.com/?p=182875 UK Prime Minister Theresa May confirms at PMQs in parliament that has written to European Council President Donald Tusk to seek extension of article 50 until June 30. She noted that MPs voted for only a short extension last Thursday. Also, holding European election would not be in anyone’s interest. May also said the government […]

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GBP/USD Again Shrugs Off UK Data Amid Brexit Ahead Of FOMC https://www.actionforex.com/contributors/fundamental-analysis/182872-gbp-usd-again-shrugs-off-uk-data-amid-brexit-ahead-of-fomc/ https://www.actionforex.com/contributors/fundamental-analysis/182872-gbp-usd-again-shrugs-off-uk-data-amid-brexit-ahead-of-fomc/#respond Wed, 20 Mar 2019 11:59:54 +0000 https://www.actionforex.com/?p=182872 The GBP/USD and the other pound crosses are understandably very sensitive to Brexit-related headlines given that we are fast approaching the March 29 exit date. With just 9 days to go, the UK could crash out of the EU without a deal, unless the EU grants an extension. This unfortunately means not a lot of […]

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GBPUSD Testing Toward Range Low https://www.actionforex.com/contributors/technical-analysis/182869-gbpusd-testing-toward-range-low/ https://www.actionforex.com/contributors/technical-analysis/182869-gbpusd-testing-toward-range-low/#respond Wed, 20 Mar 2019 11:57:23 +0000 https://www.actionforex.com/?p=182869 The British pound is weakening towards the worst level of the week against the US dollar as Brexit uncertainty continues to dominate sterling’s trading action. The 1.3190 to 1.3300 is the currently weekly price range, with a sustained break below the 1.3190 level likely to prompt further losses towards the 1.3100 support level. Alternatively, a […]

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EURUSD Dip Buying Prevails https://www.actionforex.com/contributors/technical-analysis/182866-eurusd-dip-buying-prevails/ https://www.actionforex.com/contributors/technical-analysis/182866-eurusd-dip-buying-prevails/#respond Wed, 20 Mar 2019 11:56:36 +0000 https://www.actionforex.com/?p=182866 The euro is once again testing key trendline resistance against the US dollar as dip-buyers continue to support the pair on any moves lower. Once above trendline key trendline, EURUSD bulls then need to break through the important 1.1360 technical area. The EURUSD pair could also find additional buying interest if the Federal Reserve is […]

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