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 Sat, 21 Sep 2019 15:08:01 +0000 en-US hourly 1 https://wordpress.org/?v=5.2.3 EUR/USD Weekly Outlook https://www.actionforex.com/technical-outlook/eurusd-outlook/235595-eur-usd-weekly-outlook-136/ https://www.actionforex.com/technical-outlook/eurusd-outlook/235595-eur-usd-weekly-outlook-136/#respond Sat, 21 Sep 2019 15:08:01 +0000 https://www.actionforex.com/?p=235595 EUR/USD stayed in consolidation above 1.0926 last week and outlook is unchanged. Initial bias remains neutral this week first. Outlook stays bearish with 1.1164 resistance intact and further fall is expected. On the downside, sustained break of 1.0926 will resume lager down trend from 1.2555 for 1.0813 fibonacci level next. However, decisive break of 1.1164 […]

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USD/JPY Weekly Outlook https://www.actionforex.com/technical-outlook/usdjpy-outlook/235589-usd-jpy-weekly-outlook-136/ https://www.actionforex.com/technical-outlook/usdjpy-outlook/235589-usd-jpy-weekly-outlook-136/#respond Sat, 21 Sep 2019 15:03:09 +0000 https://www.actionforex.com/?p=235589 USD/JPY edged higher to 108.47 last week but retreated on loss of momentum. Initial bias is neutral this week first. On the downside, break of 107.45 minor support will suggest completion of rebound from 104.45. Intraday bias will be turned back to the downside for 106.68 support for confirmation. On the upside, in case of […]

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GBP/USD Weekly Outlook https://www.actionforex.com/technical-outlook/gbpusd-outlook/235583-gbp-usd-weekly-outlook-135/ https://www.actionforex.com/technical-outlook/gbpusd-outlook/235583-gbp-usd-weekly-outlook-135/#respond Sat, 21 Sep 2019 14:51:47 +0000 https://www.actionforex.com/?p=235583 GBP/USD’s rebound from 1.1958 extended to 1.2582 last week but continued to lost upside moment, as seen in 4 hour MACD. Initial bias remains neutral this week first. On the upside, sustained break of 38.2% retracement of 1.3381 to 1.1958 at 1.2502 will pave the way to 61.8% retracement at 1.2837. However, break of 1.2309 […]

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USD/CHF Weekly Outlook https://www.actionforex.com/technical-outlook/usdchf-outlook/235577-usd-chf-weekly-outlook-136/ https://www.actionforex.com/technical-outlook/usdchf-outlook/235577-usd-chf-weekly-outlook-136/#respond Sat, 21 Sep 2019 14:46:43 +0000 https://www.actionforex.com/?p=235577 USD/CHF edged higher to 0.9983 last week but failed to sustain above 0.9975 resistance and retreated. Initial bias remains neutral this week firs, for some sideway trading. On the upside, decisive break of 0.9975 will confirm completion of fall form 1.0237. Further rally would then be seen to retest this high. On the downside, though, […]

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AUD/USD Weekly Outlook https://www.actionforex.com/technical-outlook/audusd-outlook/235571-aud-usd-weekly-outlook-135/ https://www.actionforex.com/technical-outlook/audusd-outlook/235571-aud-usd-weekly-outlook-135/#respond Sat, 21 Sep 2019 14:29:22 +0000 https://www.actionforex.com/?p=235571 AUD/USD’s decline last week suggests that corrective rise from 0.6677 has completed with three waves up to 0.6894. Initial bias remains on the downside this week for retesting 0.6677 low first. Break will resume larger down trend. On the upside, above 0.6808 minor resistance will turn intraday bias neutral first. But risk will stay on […]

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USD/CAD Weekly Outlook https://www.actionforex.com/technical-outlook/usdcad-outlook/235565-usd-cad-weekly-outlook-136/ https://www.actionforex.com/technical-outlook/usdcad-outlook/235565-usd-cad-weekly-outlook-136/#respond Sat, 21 Sep 2019 14:23:20 +0000 https://www.actionforex.com/?p=235565 USD/CAD edged higher to 1.3310 last week but lost momentum since then. Initial bias is neutral this week first. We’re still favoring the case that pull back from 1.3382 has completed at at 1.3133 already. Above 1.3310 will target retest of 1.3382 first. Break will resume whole rise from 1.3016 and target 1.3564 resistance next. […]

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EUR/JPY Weekly Outlook https://www.actionforex.com/technical-outlook/eurjpy-outlook/235559-eur-jpy-weekly-outlook-136/ https://www.actionforex.com/technical-outlook/eurjpy-outlook/235559-eur-jpy-weekly-outlook-136/#respond Sat, 21 Sep 2019 14:15:00 +0000 https://www.actionforex.com/?p=235559 EUR/JPY stayed in consolidation last week and outlook is unchanged. Initial bias remains neutral this week first. On the downside, break of 117.55 minor support will suggest completion of rebound from 115.86. Intraday bias will be turned back to the downside for retesting this low. On the upside, break of 120.10 will target 61.8% retracement […]

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EUR/GBP Weekly Outlook https://www.actionforex.com/technical-outlook/eurgbp-outlook/235553-eur-gbp-weekly-outlook-136/ https://www.actionforex.com/technical-outlook/eurgbp-outlook/235553-eur-gbp-weekly-outlook-136/#respond Sat, 21 Sep 2019 13:59:33 +0000 https://www.actionforex.com/?p=235553 EUR/GBP’s decline from 0.9324 extended lower last week and breached 61.8% retracement of 0.8472 to 0.9324 at 0.8797. Initial bias remains on the downside this week. Sustained trading below 0.8797 will pave the way to 0.8472 key support next. On the upside, though, above 0.8894 will indicate short term bottoming, and turn bias to the […]

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EUR/AUD Weekly Outlook https://www.actionforex.com/technical-outlook/euraud-outlook/235547-eur-aud-weekly-outlook-136/ https://www.actionforex.com/technical-outlook/euraud-outlook/235547-eur-aud-weekly-outlook-136/#respond Sat, 21 Sep 2019 13:54:57 +0000 https://www.actionforex.com/?p=235547 EUR/AUD’s rebound from 1.5905 extended higher last week. Initial bias remains on the upside for further rise. Firm break of 1.6308 support turned resistance should confirm completion of whole fall from 1.6789 and target this resistance again. On the downside, break of 1.6128 minor support will turn bias back to the downside for retesting 1.5894 […]

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EUR/CHF Weekly Outlook https://www.actionforex.com/technical-outlook/eurchf-outlook/235541-eur-chf-weekly-outlook-136/ https://www.actionforex.com/technical-outlook/eurchf-outlook/235541-eur-chf-weekly-outlook-136/#respond Sat, 21 Sep 2019 13:48:09 +0000 https://www.actionforex.com/?p=235541 EUR/CHF’s corrective rise from 1.0811 short term bottom extended higher to 1.1018 last week, but dropped sharply since then. Initial bias remains neutral with focus on 1.0912 minor support. Break will indicate completion of the correction. Intraday bias will be turned back to the downside for retesting 1.0811 low. On the upside, in case of […]

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GBP/JPY Weekly Outlook https://www.actionforex.com/technical-outlook/gbpjpy-outlook/235539-gbp-jpy-weekly-outlook-136/ https://www.actionforex.com/technical-outlook/gbpjpy-outlook/235539-gbp-jpy-weekly-outlook-136/#respond Sat, 21 Sep 2019 13:41:39 +0000 https://www.actionforex.com/?p=235539 GBP/JPY edged higher to 135.74 last week but failed to sustain above 38.2% retracement of 148.87 to 126.54 at 135.07 and retreated. Initial bias remains neutral this week first. On the upside, sustained break of 135.07 will extend the rebound from 126.54 to 61.8% retracement at 140.33 next. However, break of 132.17 support will suggest […]

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Yen Jumps as Trade Optimism Waned Suddenly after China Canceled Farm Trip https://www.actionforex.com/action-insight/market-overview/235528-yen-jumps-as-trade-optimism-waned-suddenly-after-china-canceled-farm-trip/ https://www.actionforex.com/action-insight/market-overview/235528-yen-jumps-as-trade-optimism-waned-suddenly-after-china-canceled-farm-trip/#respond Sat, 21 Sep 2019 13:18:12 +0000 https://www.actionforex.com/?p=235528 Yen and Swiss Franc ended as the strongest ones last week. They’re partly supported by lack of clear indication of imminent easing from respective central banks. There was additional buying on a pessimistic turn on US-China trade talks. Dollar ended mixed after Fed’s hawkish rate cut. Theorectically, Fed should be done with its mid-cycle adjustment. […]

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Summary 9/23 – 9/27 https://www.actionforex.com/economic-calendar/235516-summary-9-23-9-27/ https://www.actionforex.com/economic-calendar/235516-summary-9-23-9-27/#respond Sat, 21 Sep 2019 08:25:46 +0000 https://www.actionforex.com/?p=235516 Monday, Sep 23, 2019 Tuesday, Sep 24, 2019 Wednesday, Sep 25, 2019 Thursday, Sep 26, 2019 Friday, Sep 27, 2019

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Weekly Economic and Financial Commentary: Fed Cuts Again, But Dissent Rises https://www.actionforex.com/contributors/fundamental-analysis/235495-weekly-economic-and-financial-commentary-fed-cuts-again-but-dissent-rises/ https://www.actionforex.com/contributors/fundamental-analysis/235495-weekly-economic-and-financial-commentary-fed-cuts-again-but-dissent-rises/#respond Sat, 21 Sep 2019 08:11:20 +0000 https://www.actionforex.com/?p=235495 U.S. Review Fed Cuts Again, But Dissent Rises The Federal Reserve reduced the fed funds rate 25 bps this week, continuing to cite economic weakness overseas and “muted inflation pressures.” The higher pace of home sales and improving builder confidence should feed through to stronger construction later this year, meaning residential investment should finally contribute […]

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The Weekly Bottom Line: Fed Cuts Rates, More to Come https://www.actionforex.com/contributors/fundamental-analysis/235488-the-weekly-bottom-line-fed-cuts-rates-more-to-come/ https://www.actionforex.com/contributors/fundamental-analysis/235488-the-weekly-bottom-line-fed-cuts-rates-more-to-come/#respond Sat, 21 Sep 2019 07:49:22 +0000 https://www.actionforex.com/?p=235488 U.S. Highlights In the main financial event of the week, the Federal Reserve cut its key lending rate by 25 basis points, but was mum on the prospect for additional cuts. Our latest forecast sees slower economic growth leading to at least one more rate cut. Fed rate cuts will help to offset some of […]

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Forward Guidance: Geopolitical Uncertainty Matters – But Economic Data Still Looks a Little Better https://www.actionforex.com/contributors/fundamental-analysis/235486-forward-guidance-geopolitical-uncertainty-matters-but-economic-data-still-looks-a-little-better/ https://www.actionforex.com/contributors/fundamental-analysis/235486-forward-guidance-geopolitical-uncertainty-matters-but-economic-data-still-looks-a-little-better/#respond Sat, 21 Sep 2019 07:43:13 +0000 https://www.actionforex.com/?p=235486 A week that started off with worries about the stability of global oil supply in the wake of last weekend’s attack on a major oil production facility in Saudi Arabia ended up looking, if anything, a little better in terms of the current growth backdrop for North America. The events are a clear reminder that […]

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Week Ahead – Markets Remain Focused on Geopolitical Risks https://www.actionforex.com/contributors/fundamental-analysis/235483-week-ahead-markets-remain-focused-on-geopolitical-risks/ https://www.actionforex.com/contributors/fundamental-analysis/235483-week-ahead-markets-remain-focused-on-geopolitical-risks/#respond Sat, 21 Sep 2019 07:40:26 +0000 https://www.actionforex.com/?p=235483 Iran, Trade Updates, Fed Speak, more rate decisions in focus  We could see markets return to being fixated on trade updates, some corporate earnings (Nike, Micron, Conagra and Vail Resorts), yield curve inversions and stress on the money markets.  On Saturday, Labour, the main UK opposition party will meet in Brighton for their annual meeting. […]

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Week Ahead: US-China Trade and Brexit Back to Forefront https://www.actionforex.com/contributors/fundamental-analysis/235480-week-ahead-us-china-trade-and-brexit-back-to-forefront/ https://www.actionforex.com/contributors/fundamental-analysis/235480-week-ahead-us-china-trade-and-brexit-back-to-forefront/#respond Sat, 21 Sep 2019 07:37:08 +0000 https://www.actionforex.com/?p=235480 The week ahead features one major central bank decision and only a handful of market-moving data. So, it should be a quieter week. But following this week’s central bank bonanza, there will be some aftershocks to stir volatility. Meanwhile, with geopolitical tensions heating up in the Middle East, the Brexit situation becoming more uncertain and […]

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China Has Instant Response to Trump Comments https://www.actionforex.com/contributors/technical-analysis/235475-china-has-instant-response-to-trump-comments/ https://www.actionforex.com/contributors/technical-analysis/235475-china-has-instant-response-to-trump-comments/#respond Sat, 21 Sep 2019 07:34:41 +0000 https://www.actionforex.com/?p=235475 It appears China may not be buying more agriculture products from the US any time soon as both the Montana Farm Bureau and the Nebraska Department of Agriculture have said that the Chinese delegation has canceled visits with them and is returning to China sooner than expected.  This comes   after US President Trump said Chinese […]

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Weaker Data this Week May Help BOC with Decision https://www.actionforex.com/contributors/fundamental-analysis/235471-weaker-data-this-week-may-help-boc-with-decision/ https://www.actionforex.com/contributors/fundamental-analysis/235471-weaker-data-this-week-may-help-boc-with-decision/#respond Sat, 21 Sep 2019 07:31:47 +0000 https://www.actionforex.com/?p=235471 On Wednesday this week, Canada released its inflation data for the month of August.   Although the MoM data was inline with expectations at -0.1%, the YoY headline number came in at 1.9% vs 2.0% expected.  In addition, the Core Inflation Rate (YoY) came in at 1.9% vs 2.2% expected!  Today, retail sales data was released […]

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