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, 28 Sep 2020 15:11:07 +0000 en-US hourly 1 https://wordpress.org/?v=5.5.1 USD/TRY Outlook: Lira Falls to New All-Time Low on Intensifying Conflict in Caucasus https://www.actionforex.com/contributors/technical-analysis/329748-usd-try-outlook-lira-falls-to-new-all-time-low-on-intensifying-conflict-in-caucasus/ https://www.actionforex.com/contributors/technical-analysis/329748-usd-try-outlook-lira-falls-to-new-all-time-low-on-intensifying-conflict-in-caucasus/#respond Mon, 28 Sep 2020 15:11:07 +0000 https://www.actionforex.com/?p=329748 The USDTRY surged to new all-time high at 7.8592 on Monday, as conflict in Caucasus, on Turkey’s border, revived negative sentiment and pushed lira further down. The unexpected action from CBRT last week, when the central bank increased interest rate by 2% to 10.25%, provided short relief to lira, as two-day dips after rate hike […]

The post USD/TRY Outlook: Lira Falls to New All-Time Low on Intensifying Conflict in Caucasus appeared first on Action Forex.

]]>
https://www.actionforex.com/contributors/technical-analysis/329748-usd-try-outlook-lira-falls-to-new-all-time-low-on-intensifying-conflict-in-caucasus/feed/ 0
Sunset Markets Commentary https://www.actionforex.com/contributors/fundamental-analysis/329746-sunset-markets-commentary-3/ https://www.actionforex.com/contributors/fundamental-analysis/329746-sunset-markets-commentary-3/#respond Mon, 28 Sep 2020 14:12:44 +0000 https://www.actionforex.com/?p=329746 Markets The spark which ignited US stock markets to a 1.5%-2.5% rally survived the weekend and triggers similar gains in Europe today. It’s hard to pin a specific trigger to stocks’ rally. If any, it proves that stock market sentiment remains very strong after the 10%+ correction off the highs early September. Underlying worries remain […]

The post Sunset Markets Commentary appeared first on Action Forex.

]]>
https://www.actionforex.com/contributors/fundamental-analysis/329746-sunset-markets-commentary-3/feed/ 0
UK and EU still some distance part on Brexit deal https://www.actionforex.com/live-comments/329744-uk-and-eu-still-some-distance-part-on-brexit-deal/ https://www.actionforex.com/live-comments/329744-uk-and-eu-still-some-distance-part-on-brexit-deal/#respond Mon, 28 Sep 2020 14:09:17 +0000 https://www.actionforex.com/?p=329744 UK Cabinet Office Minister Michael Gove said he had a “constructive meeting” European Commission Vice President Maros Sefcovic, on Brexit. “We both were clear with each other where we were still some distance apart but we were both also clear that we wanted to bridge that gap,” he added. “Maros Sefcovic and I are committed to […]

The post UK and EU still some distance part on Brexit deal appeared first on Action Forex.

]]>
https://www.actionforex.com/live-comments/329744-uk-and-eu-still-some-distance-part-on-brexit-deal/feed/ 0
EUR/GBP Mid-Day Outlook https://www.actionforex.com/technical-outlook/eurgbp-outlook/329740-eur-gbp-mid-day-outlook-70/ https://www.actionforex.com/technical-outlook/eurgbp-outlook/329740-eur-gbp-mid-day-outlook-70/#respond Mon, 28 Sep 2020 13:47:11 +0000 https://www.actionforex.com/?p=329740 Daily Pivots: (S1) 0.9108; (P) 0.9138; (R1) 0.9158; More… EUR/GBP drops sharply to as low as 0.9024 so far today. The break of 0.9067 support, as well as 55 day EMA, raises the chance that rebound from 0.8670 has completed. Intraday bias is turned back to the downside for 0.8866 support for confirmation. For now, […]

The post EUR/GBP Mid-Day Outlook appeared first on Action Forex.

]]>
https://www.actionforex.com/technical-outlook/eurgbp-outlook/329740-eur-gbp-mid-day-outlook-70/feed/ 0
USD/JPY Mid-Day Outlook https://www.actionforex.com/technical-outlook/usdjpy-outlook/329736-usd-jpy-mid-day-outlook-930/ https://www.actionforex.com/technical-outlook/usdjpy-outlook/329736-usd-jpy-mid-day-outlook-930/#respond Mon, 28 Sep 2020 13:33:44 +0000 https://www.actionforex.com/?p=329736 Daily Pivots: (S1) 105.30; (P) 105.50; (R1) 105.76; More... Intraday bias in USD/JPY stays neutral for consolidations below 105.70 temporary top. Further rise is in favor as long as 104.92 minor support holds. Break of 105.70 will resume the rebound from 104.00 short term bottom to 55 day EMA (now at 105.98). Sustained break of […]

The post USD/JPY Mid-Day Outlook appeared first on Action Forex.

]]>
https://www.actionforex.com/technical-outlook/usdjpy-outlook/329736-usd-jpy-mid-day-outlook-930/feed/ 0
USD/CHF Mid-Day Outlook https://www.actionforex.com/technical-outlook/usdchf-outlook/329732-usd-chf-mid-day-outlook-928/ https://www.actionforex.com/technical-outlook/usdchf-outlook/329732-usd-chf-mid-day-outlook-928/#respond Mon, 28 Sep 2020 13:30:49 +0000 https://www.actionforex.com/?p=329732 Daily Pivots: (S1) 0.9262; (P) 0.9279; (R1) 0.9307; More… A temporary top is in place at 0.9304 with today’s retreat. Intraday bias in USD/CHF is turned neutral first. Further rise is expected as long as 0.9200 resistance turned support holds. Break of 0.9304 will extend the rebound from 0.8998 to 38.2% retracement of 0.9901 to […]

The post USD/CHF Mid-Day Outlook appeared first on Action Forex.

]]>
https://www.actionforex.com/technical-outlook/usdchf-outlook/329732-usd-chf-mid-day-outlook-928/feed/ 0
EUR/USD Mid-Day Outlook https://www.actionforex.com/technical-outlook/eurusd-outlook/329728-eur-usd-mid-day-outlook-933/ https://www.actionforex.com/technical-outlook/eurusd-outlook/329728-eur-usd-mid-day-outlook-933/#respond Mon, 28 Sep 2020 13:26:24 +0000 https://www.actionforex.com/?p=329728 Daily Pivots: (S1) 1.1601; (P) 1.1643; (R1) 1.1673; More….. A temporary low is formed at 1.1612 with today’s recovery and intraday bias is turned neutral in EUR/USD. Further decline is in favor as long as 1.1752 support turned resistance holds. Break of 1.1612 will resume the decline from 1.2011 short term top to 38.2% retracement […]

The post EUR/USD Mid-Day Outlook appeared first on Action Forex.

]]>
https://www.actionforex.com/technical-outlook/eurusd-outlook/329728-eur-usd-mid-day-outlook-933/feed/ 0
GBP/USD Mid-Day Outlook https://www.actionforex.com/technical-outlook/gbpusd-outlook/329726-gbp-usd-mid-day-outlook-926/ https://www.actionforex.com/technical-outlook/gbpusd-outlook/329726-gbp-usd-mid-day-outlook-926/#respond Mon, 28 Sep 2020 13:14:03 +0000 https://www.actionforex.com/?p=329726 Daily Pivots: (S1) 1.2686; (P) 1.2745; (R1) 1.2803; More…. GBP/USD rebounds strongly today but stays below 1.3007 resistance. Intraday bias remains neutral for the moment. Further decline is expected as long as 1.3007 resistance holds. On the downside, sustained break of 38.2% retracement of 1.1409 to 1.3482 at 1.2690 will argue that the rise from […]

The post GBP/USD Mid-Day Outlook appeared first on Action Forex.

]]>
https://www.actionforex.com/technical-outlook/gbpusd-outlook/329726-gbp-usd-mid-day-outlook-926/feed/ 0
Sterling Jumps on BoE Comments, Dollar Softens as Stocks Rebound https://www.actionforex.com/action-insight/market-overview/329722-sterling-jumps-on-boe-comments-dollar-softens-as-stocks-rebound/ https://www.actionforex.com/action-insight/market-overview/329722-sterling-jumps-on-boe-comments-dollar-softens-as-stocks-rebound/#respond Mon, 28 Sep 2020 13:13:08 +0000 https://www.actionforex.com/?p=329722 Sterling rises broadly today after BoE Deputy Governor indicated that negative interest rate is not imminent. Rebound in the Pound somewhat lifts other European majors too. Australian Dollar is following as the second strongest for now, with help from rebound in stocks. Dollar is trading broadly lower, paring last week’s gain while Canadian follows as […]

The post Sterling Jumps on BoE Comments, Dollar Softens as Stocks Rebound appeared first on Action Forex.

]]>
https://www.actionforex.com/action-insight/market-overview/329722-sterling-jumps-on-boe-comments-dollar-softens-as-stocks-rebound/feed/ 0
U.S Futures Up – Watch UBER, FDX, CZR, DAL https://www.actionforex.com/contributors/fundamental-analysis/329719-u-s-futures-up-watch-uber-fdx-czr-dal/ https://www.actionforex.com/contributors/fundamental-analysis/329719-u-s-futures-up-watch-uber-fdx-czr-dal/#respond Mon, 28 Sep 2020 12:28:32 +0000 https://www.actionforex.com/?p=329719 The S&P 500 Futures remain on the upside after they advanced further on Friday. Investors are watching closely a potential Covid-19 stimulus package being discussed by the government and Democrat lawmakers. Later today, the Dallas Federal Reserve will post its Manufacturing Outlook Index for September (9.5 expected). European indices are on the upside even if […]

The post U.S Futures Up – Watch UBER, FDX, CZR, DAL appeared first on Action Forex.

]]>
https://www.actionforex.com/contributors/fundamental-analysis/329719-u-s-futures-up-watch-uber-fdx-czr-dal/feed/ 0
EUR/USD Sticking to Its Two-Month Lows https://www.actionforex.com/contributors/technical-analysis/329715-eur-usd-sticking-to-its-two-month-lows/ https://www.actionforex.com/contributors/technical-analysis/329715-eur-usd-sticking-to-its-two-month-lows/#respond Mon, 28 Sep 2020 12:25:01 +0000 https://www.actionforex.com/?p=329715 On the final September Monday, the major currency pair is sticking to its two-month lows and trading around 1.1634. The start of this week is anticipated to be calm for EUR/USD but there will be a lot of news later. As usual, at the beginning of every month, the USA is going to report on […]

The post EUR/USD Sticking to Its Two-Month Lows appeared first on Action Forex.

]]>
https://www.actionforex.com/contributors/technical-analysis/329715-eur-usd-sticking-to-its-two-month-lows/feed/ 0
US Open – Strong Start To The Week https://www.actionforex.com/contributors/fundamental-analysis/329712-us-open-strong-start-to-the-week/ https://www.actionforex.com/contributors/fundamental-analysis/329712-us-open-strong-start-to-the-week/#respond Mon, 28 Sep 2020 11:34:53 +0000 https://www.actionforex.com/?p=329712 Presidential debate takes the spotlight What a week we have in store and markets are off to a promising start, with investors in no way deterred by the number of major risk events to come. Europe is off to a strong start, with indices up well over 1% in early trade and the US isn’t […]

The post US Open – Strong Start To The Week appeared first on Action Forex.

]]>
https://www.actionforex.com/contributors/fundamental-analysis/329712-us-open-strong-start-to-the-week/feed/ 0
AUD/USD Pair Broke Many Supports Near 0.7120 To Move Into A Bearish Zone https://www.actionforex.com/contributors/technical-analysis/329709-aud-usd-pair-broke-many-supports-near-0-7120-to-move-into-a-bearish-zone/ https://www.actionforex.com/contributors/technical-analysis/329709-aud-usd-pair-broke-many-supports-near-0-7120-to-move-into-a-bearish-zone/#respond Mon, 28 Sep 2020 11:32:28 +0000 https://www.actionforex.com/?p=329709 The Aussie Dollar started a strong decline from well above the 0.7200 level against the US Dollar. The AUD/USD pair broke many important supports near 0.7120 to move into a bearish zone. It gained bearish momentum below the 0.7080 support and 50 hourly simple moving average. A low is formed near 0.7005 and the pair […]

The post AUD/USD Pair Broke Many Supports Near 0.7120 To Move Into A Bearish Zone appeared first on Action Forex.

]]>
https://www.actionforex.com/contributors/technical-analysis/329709-aud-usd-pair-broke-many-supports-near-0-7120-to-move-into-a-bearish-zone/feed/ 0
EUR/USD Tests 55-Hour SMA https://www.actionforex.com/contributors/technical-analysis/329706-eur-usd-tests-55-hour-sma/ https://www.actionforex.com/contributors/technical-analysis/329706-eur-usd-tests-55-hour-sma/#respond Mon, 28 Sep 2020 11:07:45 +0000 https://www.actionforex.com/?p=329706 On Friday, the EUR/USD currency pair declined to the 1.1615 mark. During today’s morning, the pair was testing the 55-hour SMA near 1.1650. If the given moving average holds, it is likely that some downside potential could prevail in the market. Note that the exchange rate could gain support from the monthly S2 located at […]

The post EUR/USD Tests 55-Hour SMA appeared first on Action Forex.

]]>
https://www.actionforex.com/contributors/technical-analysis/329706-eur-usd-tests-55-hour-sma/feed/ 0
GBP/USD Could Go Upwards https://www.actionforex.com/contributors/technical-analysis/329703-gbp-usd-could-go-upwards-4/ https://www.actionforex.com/contributors/technical-analysis/329703-gbp-usd-could-go-upwards-4/#respond Mon, 28 Sep 2020 11:06:32 +0000 https://www.actionforex.com/?p=329703 At the end of last week, the GBP/USD exchange rate reversed north from the lower line of the medium-term descending channel. From a theoretical point of view, it is likely some upside potential could prevail in the market, as the currency pair should target the upper channel line located circa 1.2950. In the meantime, it […]

The post GBP/USD Could Go Upwards appeared first on Action Forex.

]]>
https://www.actionforex.com/contributors/technical-analysis/329703-gbp-usd-could-go-upwards-4/feed/ 0
USD/JPY Revealed Ascending Channel https://www.actionforex.com/contributors/technical-analysis/329700-usd-jpy-revealed-ascending-channel-3/ https://www.actionforex.com/contributors/technical-analysis/329700-usd-jpy-revealed-ascending-channel-3/#respond Mon, 28 Sep 2020 11:04:13 +0000 https://www.actionforex.com/?p=329700 The USD/JPY currency pair has revealed a short-term ascending channel. From a theoretical perspective, it is likely that the exchange rate could continue to extend gains within the given channel in the nearest future. In this case the rate could face the monthly PP at 106.02. Meanwhile, note that the currency pair is pressured by […]

The post USD/JPY Revealed Ascending Channel appeared first on Action Forex.

]]>
https://www.actionforex.com/contributors/technical-analysis/329700-usd-jpy-revealed-ascending-channel-3/feed/ 0
XAU/USD Remains Above 1,850.00 https://www.actionforex.com/contributors/technical-analysis/329697-xau-usd-remains-above-1850-00/ https://www.actionforex.com/contributors/technical-analysis/329697-xau-usd-remains-above-1850-00/#respond Mon, 28 Sep 2020 11:02:22 +0000 https://www.actionforex.com/?p=329697 Since Thursday, the XAU/USD exchange rate has been trading sideways around the monthly S1 at 1,862.47. Given that yellow metal is pressured by the 55– and 100-hour moving averages in the 1,870.00 area, it is likely that some downside potential could prevail in the market. In the meantime, it is likely that the exchange rate […]

The post XAU/USD Remains Above 1,850.00 appeared first on Action Forex.

]]>
https://www.actionforex.com/contributors/technical-analysis/329697-xau-usd-remains-above-1850-00/feed/ 0
Risk On Sentiment Ensues Amid Stimulus Hopes https://www.actionforex.com/contributors/fundamental-analysis/329695-risk-on-sentiment-ensues-amid-stimulus-hopes/ https://www.actionforex.com/contributors/fundamental-analysis/329695-risk-on-sentiment-ensues-amid-stimulus-hopes/#respond Mon, 28 Sep 2020 10:57:53 +0000 https://www.actionforex.com/?p=329695 Notes/Observations Week of key meetings and debates Brexit negotiations continue from Tues-Fri with a key Oct deadline looming – 1st of the US Presidential election debate set for Tuesday with a month before the election EU Council meets later this week to work on its 2021-27 budget and Recovery Fund details Asia: US tightens exports […]

The post Risk On Sentiment Ensues Amid Stimulus Hopes appeared first on Action Forex.

]]>
https://www.actionforex.com/contributors/fundamental-analysis/329695-risk-on-sentiment-ensues-amid-stimulus-hopes/feed/ 0
The Analytical Overview Of The Main Currency Pairs https://www.actionforex.com/contributors/technical-analysis/329689-the-analytical-overview-of-the-main-currency-pairs-465/ https://www.actionforex.com/contributors/technical-analysis/329689-the-analytical-overview-of-the-main-currency-pairs-465/#respond Mon, 28 Sep 2020 10:31:00 +0000 https://www.actionforex.com/?p=329689 The EUR/USD currency pair Technical indicators of the currency pair: Prev Open: 1.16696 Open: 1.16265 % chg. over the last day: -0.36 Day’s range: 1.16150 – 1.16402 52 wk range: 1.0637 – 1.2012 The bearish sentiment still prevails on the EUR/USD currency pair. The trading instrument has set new local lows again. At the moment, […]

The post The Analytical Overview Of The Main Currency Pairs appeared first on Action Forex.

]]>
https://www.actionforex.com/contributors/technical-analysis/329689-the-analytical-overview-of-the-main-currency-pairs-465/feed/ 0
BoE Ramsden sees 0.1% as effective lower bound in interest rates https://www.actionforex.com/live-comments/329687-boe-ramsden-sees-effective-0-1-as-lower-bound-in-interest-rates/ https://www.actionforex.com/live-comments/329687-boe-ramsden-sees-effective-0-1-as-lower-bound-in-interest-rates/#respond Mon, 28 Sep 2020 10:05:22 +0000 https://www.actionforex.com/?p=329687 Sterling is given a lift by BoE Deputy Governor Dave Ramsden’s comment in an interview with the Society of Profession Economists. He said, “for me, I see the effective lower bound still at 0.1 which is where Bank Rate is at present”. And, “we are not about to use negative rates imminently.” Negatives rates are “in […]

The post BoE Ramsden sees 0.1% as effective lower bound in interest rates appeared first on Action Forex.

]]>
https://www.actionforex.com/live-comments/329687-boe-ramsden-sees-effective-0-1-as-lower-bound-in-interest-rates/feed/ 0