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Investors Desperate For Trade Dealrss: Action Forex • Fundamental Analysis • Published Wed, 13 Nov 2019 10:45 GMT

European stock markets are retreating today and the US is poised to follow, with Asia overnight also seeing a sea of red. I don] The post Investors Desperate For Trade Deal appeared first on Action Forex....
USD/JPY drops on fundamentalsrss: Technical Analysis • Published Wed, 13 Nov 2019 10:43 GMT

On Wednesday, the USD/JPY suddenly dropped to the 200-hour simple moving average. The drop could be attributed to the events in Hong Kong. Namely, Reuters reported that finance firms in ...
NZD/USD Surges After RBNZ Rate Statementrss: Action Forex • Technical Analysis • Published Wed, 13 Nov 2019 10:39 GMT

The New Zealand Dollar surged almost 85 basis points against the US Dollar during the morning hours of Wednesday] The post NZD/USD Surges After RBNZ Rate Statement appeared first on Action Forex....
Oil Price In A Broad Range Below $58.00 Resistance Arearss: Action Forex • Technical Analysis • Published Wed, 13 Nov 2019 10:35 GMT

Crude oil price is mostly trading in a broad range below the $58.00 resistance area against the US Dollar. The price is currently declining and it is trading below the $57.50 resistance area. Moreover, there was a break below a connecting bullish trend li...
EURJPY Gains Negative Momentum, 200-Day MA In Its Grasprss: Action Forex • Technical Analysis • Published Wed, 13 Nov 2019 10:28 GMT

EURJPY is losing ground after succeeding to move below the key support level of 120.34, setting lower highs and lows in place as it approaches the 200-period simple moving average (SMA). Supporting the move is the bearish cross of the 100-period SMA by th...
Surprise, Surprise For Kiwi Tradersrss: Action Forex • Fundamental Analysis • Published Wed, 13 Nov 2019 10:26 GMT

RBNZ surprised the markets during today] The post Surprise, Surprise For Kiwi Traders appeared first on Action Forex....
NZDUSD Sharply Up But Cautiously Bullishrss: Action Forex • Technical Analysis • Published Wed, 13 Nov 2019 10:06 GMT

NZDUSD skyrocketed overnight after the Reserve Bank of New Zealand surprisingly decided not to cut interest rates. The price stepped on the ascending trendline drawn from the October 1 troughs and overcame all its simple moving averages (SMAs) before stop...
RBNZ Catapults Kiwi Higher, Trump Decides On EU Tariffsrss: Action Forex • Fundamental Analysis • Published Wed, 13 Nov 2019 10:04 GMT

Kiwi outperforms as RBNZ surprisingly refrains from cutting rates Markets in a slight risk-off mood as trade doubts reemerge Today: Trump decides on EU tariffs, Fed chief Powell testifies, and US CPI data RBNZ surprisingly keeps rates unchanged, propels k...
AUD/USD remains near 0.6830rss: Technical Analysis • Published Wed, 13 Nov 2019 09:57 GMT

The 50-hour simple moving average continued to pressure the Australian Dollar lower against the US Dollar. The exchange rate declined by about 26 basis points on Tuesday. ...
GBP/USD remains above 1.2830rss: Technical Analysis • Published Wed, 13 Nov 2019 09:34 GMT

On Wednesday, the GBP/USD rate remained near the support levels, where it had been located on Tuesday morning. Note that the rate had made a failed attempt to surge, which ...
GBP/USD Outlook: Weak UK Inflation Could Hurt Poundrss: Action Forex • Technical Analysis • Published Wed, 13 Nov 2019 09:33 GMT

Cable is holding within tight range in early Wednesdays trading ahead of UK inflation report. Near-term action is biased lower after daily Tenkan-sen (1.2870) repeatedly capped and Tuesdays action ended in Doji candle, with uncertainty over UK elections, ...
OPEC Decides To Maintain Production Cutsrss: Action Forex • Technical Analysis • Published Wed, 13 Nov 2019 09:31 GMT

OPEC member nations and Russia confirmed that the current production cuts will continue through to next year. The report comes ahead of the OPEC meeting due in December. The nations will take a review of the production cuts that will last until March 2020...
UK Unemployment Rate Falls To 3.8%rss: Action Forex • Technical Analysis • Published Wed, 13 Nov 2019 09:31 GMT

The latest labor market data in the United Kingdom saw the unemployment rate falling to 3.8%. The unemployment rate was better than the estimates of 3.9%. However, the claimant count change rose to 33k, which was more than the estimates of 24.2k. Average ...
German Investor Sentiment Rises In Novemberrss: Action Forex • Technical Analysis • Published Wed, 13 Nov 2019 09:30 GMT

Investor sentiment in Germany rose more than expected in November. The ZEW economic sentiment index rose to -2.1, up from -22.8 from the previous month. The data also came out better than the forecasts of -13.2. For the rest of the eurozone, the economic ...
More Central Bank Hawkishness Kiwi Surged As RBNZ Kept Raterss: Action Forex • Fundamental Analysis • Published Wed, 13 Nov 2019 09:27 GMT

Major US stock indices are stuck at the top, settling the 4th trading session near the historical highs on SP 500 and Dow Jones. Nasdaq keeps positive dynamics, but intraday growth has become much more cautious, as it often happens near the tops. Chinese ...
GBP/USD Bullish As Long As The Price Is Above 1.2800rss: Action Forex • Technical Analysis • Published Wed, 13 Nov 2019 09:26 GMT

The GBP/USD is still bullish but the lack of momentum might provide some profit taking and the price could drop. However, T-89 pattern might still give the price the bullish outlook. The price is still above 1.2800 which indicates bullish strength. Howeve...
EUR/USD Key Resistance At 1.1025rss: Action Forex • Technical Analysis • Published Wed, 13 Nov 2019 09:22 GMT

Pivot (invalidation): 1.1025 Our preference Short positions below 1.1025 with targets at 1.1000 & 1.0990 in extension. Alternative scenario Above 1.1025 look for further upside with 1.1040 & 1.1055 as targets. Comment As Long as the resistance at 1.1025 i...
USD/TRY Watch 5.7450rss: Action Forex • Technical Analysis • Published Wed, 13 Nov 2019 09:21 GMT

Pivot (invalidation): 5.7820 Our preference Short positions below 5.7820 with targets at 5.7590 & 5.7450 in extension. Alternative scenario Above 5.7820 look for further upside with 5.7950 & 5.8090 as targets. Comment The RSI lacks upward momentum. The po...
EUR/USD decline reaches 1.1000rss: Technical Analysis • Published Wed, 13 Nov 2019 09:18 GMT

As expected, the hourly simple moving averages managed to push the EUR/USD down. On Wednesday morning, the currency pair had already touched the 1.1000 level, which began to provide support. In ...
USD/JPY Complex Correction Forms Bull Flag Patternrss: Action Forex • Technical Analysis • Published Wed, 13 Nov 2019 08:26 GMT

The USD/JPY needs to make a breakout above the resistance trend line (red) to confirm (green check) the uptrend continuation. A bullish breakout is aiming for the Fibonacci targets of wave 5 vs 1+3 and the next resistance line (red). A break below the sup...
Asian Stocks, Currencies Lower As Trump Reminds Markets Of Tariff Threatsrss: Action Forex • Fundamental Analysis • Published Wed, 13 Nov 2019 08:24 GMT

Gold, Yen trim November losses Asian currencies expected to see limited upside Dollar to remain steady ahead ofPowell speech, US data Oils near-term outlook, OPEC+ decision hinge on US-China trade deal Asian stocks are trading lower, despite their US coun...
Currencies: USD Rally Slows, But Euro Fails To Profitrss: Action Forex • Fundamental Analysis • Published Wed, 13 Nov 2019 08:22 GMT

Rates: Risk sentiment and technical factors drive trading Core bonds gained minor traction during US trading hours as US stock markets failed to cling to opening gains. The US 10-yr yield for third straight session failed to take out 1.94% resistance. US ...
Equities Catch A Nosebleed On HK Unrestrss: Action Forex • Fundamental Analysis • Published Wed, 13 Nov 2019 07:52 GMT

Data deluge There] The post Equities Catch A Nosebleed On HK Unrest appeared first on Action Forex....
Trump Still Looking For A Trade Dealrss: Action Forex • Fundamental Analysis • Published Wed, 13 Nov 2019 07:38 GMT

Market movers today In the euro area, markets will look out for a decision by US President Trump on whether or not he will impose European car tariffs. Latest hints from US Commerce Secretary Ross and EU Commission President Juncker suggested that Trump w...
GBPUSD Inflation Dayrss: Action Forex • Technical Analysis • Published Wed, 13 Nov 2019 07:33 GMT

The British pound is holding firm against the US dollar currency, with the pair trading around the important 1.2850 level ahead of key inflation data from the UK and US economies today. The GBPUSD pair ideally needs to firm above the 1.2880 level to secur...
EURUSD 1.1045 Neededrss: Action Forex • Technical Analysis • Published Wed, 13 Nov 2019 07:32 GMT

The euro has managed a marginal recovery from the 1.1000 level against the US dollar, following a technical battle in this area on Tuesday. EURUSD bulls need to advance the pair above the 1.1042 level to confirm that a short-term price floor is now in pla...
ETHUSD Holding Supportrss: Action Forex • Technical Analysis • Published Wed, 13 Nov 2019 07:31 GMT

Ethereum is under downside pressure alongside the broader cryptocurrency market on Wednesday, although the second-largest cryptocurrency continues to hold the $180.00 level. The ETHUSD pair still stands a respectable chance of recovering towards the $250....
US Dollar Unchanged Ahead Of Inflation Data And Powell Speechrss: Action Forex • Fundamental Analysis • Published Wed, 13 Nov 2019 07:27 GMT

Wall Street rose slightly yesterday as Donald Trump delivered a speech to economists and business leaders at the Economic Club of New York. In the speech, Trump expressed his optimism that China and the US would ultimately do a large deal. A report by Wal...
Market Brief: Hong Kong Riots Spark Contagion In Stocksrss: Action Forex • Fundamental Analysis • Published Wed, 13 Nov 2019 07:18 GMT

FX Brief: NZD pairs spiked broadly higher after RBNZ held rates and didnt deliver the dovish press conference that many expected. It raises the potential that (for now at least) 1% is the floor, although an easing bias remains within the statement. All NZ...
Kiwi Rises After Surprise Move By RBNZrss: Action Forex • Fundamental Analysis • Published Wed, 13 Nov 2019 07:10 GMT

General Trend: Trade/tariff uncertainty persists after Trumps speech at the Economic Club of NY Hang Seng declines on losses in property shares banks drop amid reports of branch closures, money market rates rise HK train operator MTR declines over 2%as th...
Hot forecast for GBP/USD on 11/13/2019 and trading recommendationrss: Technical Analysis • Published Wed, 13 Nov 2019 07:10 GMT

The pound bounced a little from side to side again, but this time not because of the ranting of politicians fighting for votes, but because of data on the labor market. The fact is that, in general, the data turned out to be extremely weak. Thus, the gr...
Trading plan for EUR/USD for November 13, 2019rss: Technical Analysis • Published Wed, 13 Nov 2019 07:05 GMT

Technical outlook:The EUR/USD pair has been inching closer to the 1.0995 potential support, with each day passing. The single currency pair is seen to be trading at around 1.1013 at this point in writing and might have either formed a low at 1.1003 yester...
Euro-Zones ZEW Economic Sentiment Index Unexpectedly Advanced In Novemberrss: Action Forex • Fundamental Analysis • Published Wed, 13 Nov 2019 07:04 GMT

For the 24 hours to 23:00 GMT, the EUR declined 0.19% against the USD and closed at 1.1012. On the data front, Euro-zone] The post Euro-Zones ZEW Economic Sentiment Index Unexpectedly Advanced In November appeared first on Action Forex....
UKs ILO Unemployment Rate Unexpectedly Fell In The July-September 2019 Periodrss: Action Forex • Fundamental Analysis • Published Wed, 13 Nov 2019 07:03 GMT

For the 24 hours to 23:00 GMT, the GBP marginally declined against the USD and closed at 1.2849. In economic news, UK] The post UKs ILO Unemployment Rate Unexpectedly Fell In The July-September 2019 Period appeared first on Action Forex....
Indicator analysis. Daily review on November 13, 2019, for the GBP / USD currency pair.rss: Technical Analysis • Published Wed, 13 Nov 2019 07:02 GMT

Trend analysis (Fig. 1).On Wednesday, the price may move up to the upper fractal - 1.2898. From this level, it is possible to continue moving up to the retreating level of 61.8% - 1.2919 (red dashed line).Fig. 1 (daily chart).Comprehensive analysis:- Indi...
Japans Producer Price Index Declined More-Than-Estimated In Octoberrss: Action Forex • Fundamental Analysis • Published Wed, 13 Nov 2019 06:59 GMT

For the 24 hours to 23:00 GMT, the USD declined 0.09% against the JPY and closed at 108.96. Data showed that Japan] The post Japans Producer Price Index Declined More-Than-Estimated In October appeared first on Action Forex....
Technical analysis of GBP/USD for 13/11/2019rss: Technical Analysis • Published Wed, 13 Nov 2019 06:57 GMT

Technical Market Overview:The GBP/USD pair has bounced from the technical support located at the level of 1.2786 and now is back to the middle of the range. Liquidity is drying up again, but the momentum is still rather weak and just slightly positive des...
LIGHT.CMD/USD 4H Chart: Pressured by 50 period SMArss: Technical Analysis • Published Wed, 13 Nov 2019 06:55 GMT

After the Light crude oil tested the lower boundary of an ascending channel pattern at 54.05, the commodity made a U-turn north. As a result, the pair appreciated about 6.8% ...
Technical analysis of EUR/USD for 13/11/2019:rss: Technical Analysis • Published Wed, 13 Nov 2019 06:54 GMT

Technical Market Overview:Another leg down was made at the EUR/USD market as the bears are trying to get to the 61% Fibonacci retracement level located at 1.0994. Across the way down all the bounces are very shallow and the momentum remains weak and negat...
Indicator analysis. Daily review on November 13, 2019, for the EUR / USD currency pair.rss: Technical Analysis • Published Wed, 13 Nov 2019 06:53 GMT

Trend analysis (Fig. 1).On Wednesday, the price will move up in a pullback with the target of 1.1030 - a pullback level of 14.6% (blue dashed line). In case of breaking through, continuing to work upwards with the target 1.1046 is a retracement level of 2...
Australias Westpac Consumer Confidence Index Advanced In Novemberrss: Action Forex • Fundamental Analysis • Published Wed, 13 Nov 2019 06:40 GMT

For the 24 hours to 23:00 GMT, the AUD declined 0.13% against the USD and closed at 0.6840. LME Copper prices declined 0.3% or $19.0/MT to $5838.0/MT. Aluminium prices declined 2.2% or $39.5/MT to $1765.5/MT. In the Asian session, at GMT0400, the pair is ...
Trading plan EURUSD 11/13/2019rss: Technical Analysis • Published Wed, 13 Nov 2019 06:38 GMT

The movement down the EURUSD is exhausted.On Tuesday, an important ZEW indicator in Germany showed a very low level of current conditions (according to business estimates). On this negative, the euro came close to 1.1000 but failed to overcome this level ...
Elliott wave analysis of GBP/JPY for November 13, 2019rss: Technical Analysis • Published Wed, 13 Nov 2019 06:24 GMT

The red wave iv triangle has behaved just as expected and now looks complete, but to confirm that red wave v higher towards 144.58 is developing, we still need a break above minor resistance at 140.59 and more importantly a break above 140.75. Short-term ...
Elliott wave analysis of EUR/JPY for November 13, 2019rss: Technical Analysis • Published Wed, 13 Nov 2019 06:14 GMT

The correction in red wave ii has turned into a triple zig-zag correction (x-y-z). Even though the individual zig-zags are simple structures, when added into a triple structure it becomes a complex corrective structure. With the z-wave reaching our ideal ...
Asia Morning: RBNZ Kiwirss: Action Forex • Fundamental Analysis • Published Wed, 13 Nov 2019 04:08 GMT

There are a quite a few ruffled feathers down under this morning as the Reserve Bank of New Zealand (RBNZ) refused to play ball with the market, saying ] The post Asia Morning: RBNZ Kiwi appeared first on Action Forex....
Forecast for USD/JPY on November 13, 2019rss: Technical Analysis • Published Wed, 13 Nov 2019 03:58 GMT

USD/JPY The Japanese yen does not have enough strength to work out the resistance of the green price channel with an approximate target of 109.83. The stock market is the main source of pressure for the US dollar: the US S&P 500 has not changed in pri...
First Impressions: RBNZ Keeps the OCR at 1.0%rss: Action Forex • Fundamental Analysis • Published Wed, 13 Nov 2019 03:42 GMT

The Reserve Bank today left the OCR on hold at 1.00%, saying that Economic developments since the August Statement do not warrant a change to the already stimulatory monetary setting at this time. The RBNZ gave no explicit signal of cuts to come, although...
Gold Price Moves Further Into The Red Zonerss: Action Forex • Technical Analysis • Published Wed, 13 Nov 2019 03:35 GMT

Key Highlights Gold price is declining and it recently traded below $1,460 against the US Dollar. A key bearish trend line is forming with resistance near $1,462 on the 4-hours chart of XAU/USD. UKs ILO Unemployment rate declined from 3.9% to 3.8% in Sep ...
Market Morning Briefing: Aussie Has Interim Support At 0.6825rss: Action Forex • Technical Analysis • Published Wed, 13 Nov 2019 03:24 GMT

STOCKS Among the major indices only DAX looks strong to move further higher from current levels. Dow seems to need some fresh positive triggered to move higher. Nikkei and Shanghai looks vulnerable for a fall in the near-term. Sensex and Nifty looks mixed...
Asia Morning: The Kings Speechrss: Action Forex • Fundamental Analysis • Published Wed, 13 Nov 2019 03:21 GMT

Trump offers nothing new The words ] The post Asia Morning: The Kings Speech appeared first on Action Forex....
RBNZ Hold Rate And Refrain From A Dovish Meeting Is The Low In AUD/NZDrss: Action Forex • Fundamental Analysis • Published Wed, 13 Nov 2019 03:18 GMT

RBNZ held and refrained talking their currency down, seeing the Kiwi dollar spike higher across the board. Official Cash Rate unchanged at 1 percent Inflation remains below the 2 percent target mid-point but within our target range We expect economic grow...
Market Brief: Trumps Speech Fails To Inject Volatilityrss: Action Forex • Fundamental Analysis • Published Wed, 13 Nov 2019 03:14 GMT

In a speech to the Economics Club of New York, President Trump generally praised the US economy and repeated his view that the Fed should continue to cut interest rates. Trump offered no noteworthy insights on the trade war with China. Later, economic adv...
USD/MXN Up Over 1% before Thursdays Bank Of Mexico Meetingrss: Action Forex • Technical Analysis • Published Wed, 13 Nov 2019 03:12 GMT

USD/MXN is one of the days biggest movers, up 1.20%, as traders begin to focus on the Bank of Mexico meeting on Thursday. Banxico is widely expected to cut interest rates by 25bps for the third time in a row, from 7.75% down to 7.50%. Both growth and infl...
GOLD Broader Bias Remains To The Downside Short Termrss: Action Forex • Technical Analysis • Published Wed, 13 Nov 2019 03:10 GMT

GOLD faces risk of more weakness in the days ahead as it retains its downside pressure. On the downside, support sits at the 1,340.00 level where a break will turn focus to the 1,430.00 level. Further down, a cut through here will open the door for a move...
Fractal analysis of the main currency pairs on November 13rss: Technical Analysis • Published Wed, 13 Nov 2019 00:08 GMT

Forecast for November 13: Analytical review of currency pairs on the scale of H1: For the euro / dollar pair, the key levels on the H1 scale are: 1.1108, 1.1090, 1.1064, 1.1044, 1.1013, 1.0973 and 1.0941. Here, we are following the development of ...
Euro - a life support for emerging markets currenciesrss: Technical Analysis • Published Tue, 12 Nov 2019 22:53 GMT

The European currency seeks to score points and squeeze the greenback. According to experts, the euro almost managed to cope with this task, but only in relation to the currencies of developing countries. The greenback is still leading in the EUR/USD ...
Oil returned to productionrss: Technical Analysis • Published Tue, 12 Nov 2019 22:53 GMT

Euphoria over the proximity of the agreement between China and the United States to end the trade war pulled up quotes of the Brent and WTI. Nevertheless, it was worth of Donald Trump to say that the issue of the rollback of import duties has not yet be...
UBS: Wealthy investors expect markets to fall in 2020rss: Technical Analysis • Published Tue, 12 Nov 2019 22:53 GMT

The S&P 500 monthly chart for 11/12/2019 UBS has published information that more than half of the largest investors expect global markets to fall in 2020. At the same time, investors keep at least 25% of their funds in money as insurance against fal...
Mighty Dollar Eyes Powells Testimony and US Datarss: Action Forex • Fundamental Analysis • Published Tue, 12 Nov 2019 15:53 GMT

Its going to be a busy week in America, with the latest CPI inflation figures hitting the markets at 13:30 GMT on Wednesday, before retail sales data are released on Friday. Two separate testimonies by Fed chief Jay Powell before Congress on Wednesday (16...
Australian Wages and Jobs Data Could Hold Key to Future Rate Cutsrss: Action Forex • Fundamental Analysis • Published Tue, 12 Nov 2019 15:50 GMT

Labour market indicators will be watched out of Australia next week as the closely watched data could provide clues as to whether or not the Reserve Bank of Australia will lower rates again in the coming months. The quarterly wage price index is released ...
USD/JPY Looks Ready for a Pickup in Volatilityrss: Action Forex • Technical Analysis • Published Tue, 12 Nov 2019 15:48 GMT

Over the last two days the FX markets have been fairly quiet as they wait for the next catalyst to offer some direction....
US: Small Business Confidence Improves in Octoberrss: Action Forex • Fundamental Analysis • Published Tue, 12 Nov 2019 15:45 GMT

The NFIB] The post US: Small Business Confidence Improves in October appeared first on Action Forex....
GBPNZD Holds its Positive Picture Despite Some Easing in its Ascentrss: Action Forex • Technical Analysis • Published Tue, 12 Nov 2019 15:44 GMT

GBPNZD looks to be in the process of pushing higher to re-test the fresh multi-year high of 2.0557. The pair seems to have taken a breather consolidating along the 2.0020 level. The short-term oscillators reflect a pause in the market but imply some impro...
XAU/USD Outlook: Bears Consolidate ahead of Key Fibo Support Trumps Trade Speech in Focusrss: Action Forex • Technical Analysis • Published Tue, 12 Nov 2019 15:31 GMT

Spot gold remains in bearish mode and pressuring Monday] The post XAU/USD Outlook: Bears Consolidate ahead of Key Fibo Support Trumps Trade Speech in Focus appeared first on Action Forex....
BTC 11.12.2019 -Broken bear flag pattern, more downside yet to comerss: Technical Analysis • Published Tue, 12 Nov 2019 15:19 GMT

Bitcoin is poised to go down. I do expect new downside leg due to the breakout of bear flag pattern on the 4h time-frame. Watch for selling opportunities with the main target at $7.506.MACD is trading below the zero in the negative territory, which is sig...
GBP/USD 11.12.2019 - Potential end of the downwad correciton, weatch for buying opportuntiiesrss: Technical Analysis • Published Tue, 12 Nov 2019 15:08 GMT

GBP/USD is trading sideways at the price of 1.2845. Anyway, I see that there is potential for further upside and potential testing of resistance levels at 1.2897 and 1.2972. Watch for buying opportunitiesI found that there is potential for the completion ...
Gold 11.12.2019 - Bullish divergence in creation, watch for potential upsiderss: Technical Analysis • Published Tue, 12 Nov 2019 14:51 GMT

Gold has been trading sideways at the price of $1.454 but in the oversold condition. My advice is to watch for potential buying opportunities with the upward targets at $1.465 and $1.472.Yellow rectangles - Resistance levels and upward objectivesRising tr...
USD/PLN 1H Chart: Upside potential could prevailrss: Technical Analysis • Published Tue, 12 Nov 2019 14:26 GMT

The US Dollar has been appreciating against the Polish Zloty since the beginning of November after the USD/PLN currency pair failed to surpass the psychological level at 3.8050. ...
USD/TRY 1H Chart: Bulls could prevailrss: Technical Analysis • Published Tue, 12 Nov 2019 14:25 GMT

The US Dollar has been appreciating against the Turkish Lira since the beginning of November after the USD/TRY exchange rate reversed north from the lower boundary of the rising wedge ...
Technical analysis of EUR/USD for November 12, 2019rss: Technical Analysis • Published Tue, 12 Nov 2019 13:05 GMT

Overview:The EUR/USD pair was trading around the area of 1.1037 a week ago. The EUR/USD pair faced strong resistance at the level of 1.1037 because support became resistance. The trend is continuing with a bearish trend from the new resistance of 1.1037...
XAU/USD trades at 1,450.00rss: Technical Analysis • Published Tue, 12 Nov 2019 12:29 GMT

Yesterday, the XAU/USD exchange rate declined to the psychological level at 1,450.00. During Tuesday morning, the rate was testing the given level. ...
GBP/USD skyrocketed to 1.2880rss: Technical Analysis • Published Tue, 12 Nov 2019 12:26 GMT

Yesterday, the GBP/USD exchange rate skyrocketed to the resistance level formed by the 200-hour SMA at 1.2877. During Tuesday morning, the rate was testing the support formed by the 55 ...
Stocks on Gold ahead of Trump, ZEW Expectations, Oil Rises, Gold Steadyrss: Action Forex • Fundamental Analysis • Published Tue, 12 Nov 2019 12:07 GMT

US stocks appear on hold ahead of President Donald Trumps speech before the Economic Club of New York. Markets are eagerly awaiting his latest update on trade with both the Europeans and Chinese. Trump is widely expected to hold off on a decision on wheth...
European Update US/EU Tariffs, UK, Gold, Oilrss: Action Forex • Fundamental Analysis • Published Tue, 12 Nov 2019 11:44 GMT

Trade War Buys Time For Europe European markets are off to a decent start on Tuesday, possibly aided by reports that tariffs on EU autos by the US will be delayed for six months. After everything weve witnessed last week, Trumps denial will no doubt come ...
EUR/GBP Outlook: Bias Remains With Bears Despite Failure To Close Below 3-Week Range Floorrss: Action Forex • Technical Analysis • Published Tue, 12 Nov 2019 11:37 GMT

The cross is consolidating above new multi-month low at 0.8557, posted on Monday, with near-term action being slightly underpinned by unexpected improvement in German ZEW figure (Nov -2.1 vs -13.2 f/c, but the indicator remains in negative territory) and ...
Trading recommendations for the EURUSD currency pair placement of trade orders (November 12)rss: Technical Analysis • Published Tue, 12 Nov 2019 11:33 GMT

The quotation froze within the control point From technical analysis, we see a slight pullback from the fulcrum in the face of the psychological level of 1.1000, where without any dynamics, the quote took a wait-and-see position. The recovery phase ...
November 12, 2019 : Successive descending tops are demonstrated. Hence, GBPUSD is expected to demonstrate further Bearishrss: Technical Analysis • Published Tue, 12 Nov 2019 11:11 GMT

Few weeks ago, Further Bullish advancement was demonstrated towards 1.2800 then 1.3000 when the neckline of the depicted Double-Bottom pattern (1.2400-1.2415) was breached to the upside.Since October 21, the GBP/USD pair has failed to achieve a persistent...
USD/JPY Outlook: Bulls In Control Above 200DMA, President Trumps Trade Speech In Focusrss: Action Forex • Technical Analysis • Published Tue, 12 Nov 2019 11:05 GMT

The pair edged higher on Tuesday after 200DMA (109.01) repeatedly limited dips, on track for another attack at cracked key Fibo barrier at 109.36 (61.8% of 112.40/104.44) which so far resisted two attacks. Daily techs are mixed (momentum is flat, stochast...
German ZEW Survey Suggests That The Worst Might Be Overrss: Action Forex • Fundamental Analysis • Published Tue, 12 Nov 2019 11:03 GMT

Notes/Observations German ZEW Expectation Survey suggests the worst might be over outlook appears to be stabilizing Europe awaits President Trump] The post German ZEW Survey Suggests That The Worst Might Be Over appeared first on Action Forex....
GBP/USD spikes on fundamentalsrss: Technical Analysis • Published Tue, 12 Nov 2019 10:54 GMT

Brexit news caused another spike in the GBP/USD charts. A report on the event will be published in the near term future.Although, the move could have been caught, as the ...
Kiwi Weakens Ahead Of RBNZs Interest Rate Decisionrss: Action Forex • Fundamental Analysis • Published Tue, 12 Nov 2019 10:48 GMT

The Kiwi weakened against the USD, ahead of the release of RBNZ] The post Kiwi Weakens Ahead Of RBNZs Interest Rate Decision appeared first on Action Forex....
USDJPY 109.60 Breakoutrss: Action Forex • Technical Analysis • Published Tue, 12 Nov 2019 10:46 GMT

The US dollar is testing back towards the 109.30 level against the Japanese currency after sellers failed to build traction below the 108.90 support level. Going forward, a breakout above the 109.60 level could propel the USDJPY pair toward the 110.00 lev...
EURUSD 1.1045 Upcomingrss: Action Forex • Technical Analysis • Published Tue, 12 Nov 2019 10:45 GMT

The euro has held major support against the US dollar during the European trading session, with the pair rebounding from the 1.1020 level. EURUSD buyers now need to overcome the 1.1045 resistance level in order to secure further intraday trading gains. Ov...
Bad data on Germany. EURUSDrss: Technical Analysis • Published Tue, 12 Nov 2019 10:39 GMT

ZEW index released on the German economy: current conditions minus 24.7 bad data.The EURUSD rate experienced pressure and moved down.Question: either we test 1.1000 down or a turn-up and an attempt to break through 1.1045.We are ready to buy euros from ...
WTI Oil Futures Resume Uptrend But Shift Sideways As Momentum Driesrss: Action Forex • Technical Analysis • Published Tue, 12 Nov 2019 10:38 GMT

WTI oil futures are trading around the 57.11 area, which is the 50.0% Fibonacci retracement of the down wave from 63.22 to 50.98, with an undecided direction in hand. Oil has realigned with the positive picture, climbing above 56.90 but then adopted a ran...
EUR/JPY Tests Weekly PPrss: Action Forex • Technical Analysis • Published Tue, 12 Nov 2019 10:33 GMT

The common European currency has appreciated by about 54 basis points against the Japanese Yen since Monday] The post EUR/JPY Tests Weekly PP appeared first on Action Forex....
USD/CAD Slight Upside Move Likelyrss: Action Forex • Technical Analysis • Published Tue, 12 Nov 2019 10:29 GMT

The US Dollar has appreciated about 41 basis points against the Canadian Dollar since Monday] The post USD/CAD Slight Upside Move Likely appeared first on Action Forex....
EUR/USD remains above 1.1020rss: Technical Analysis • Published Tue, 12 Nov 2019 10:03 GMT

The EUR/USD broke out from the falling wedge pattern of the hourly chart and began to trade in limbo around the 55-hour simple moving average. The rate was expected to be ...
EUR/USD Outlook: Bears Are Taking A Breather Before Resuming, German ZEW Data Remain Negative And Unlikely To Change The Sentimentrss: Action Forex • Technical Analysis • Published Tue, 12 Nov 2019 09:57 GMT

The Euro holds in extended consolidation above new three-week lows (1.1016) but remains biased lower, with consolidation being capped by broken 55DMA (1.1038). Bearish daily studies maintain negative stance, however, further consolidation could be anticip...
Trading idea for NZDUSDrss: Technical Analysis • Published Tue, 12 Nov 2019 09:51 GMT

Good day, dear traders! This time, we will talk about the NZD/USD currency pair, because this instrument has a long-term prospect for a decrease and the formation of a weekly Price Action pattern "Absorption". On the weekly timeframe, there is a global, d...
GBP/USD Outlook: Downbeat UK Jobs Data Could Pressure Pound Towards Key Supports At 1.2700 Zonerss: Action Forex • Technical Analysis • Published Tue, 12 Nov 2019 09:49 GMT

Cable eases in early European trading on Tuesday, following previous days advance on Brexit party news. Mondays rally failed to break 1.29 barrier and closed below pivotal daily Tenkan-sen (1.2872). Fresh weakness pressures supports at 1.2822/19 (last Fri...
USD/JPY Should Go Further Up As Multiple Bullish Patterns Appearrss: Action Forex • Technical Analysis • Published Tue, 12 Nov 2019 09:47 GMT

The USD/JPY is bullish. We can see the ascending scallop pattern straight from the W L 5 camarilla pivot providing additional cue that the price might rise (yellow highlight). The price is rejecting slightly above the POC zone and we might see a continuat...
When The Market Volcano Eruptsrss: Action Forex • Fundamental Analysis • Published Tue, 12 Nov 2019 09:46 GMT

Global markets traded almost unchanged on Tuesday morning. US indices have managed to pull through the corrective moods, and futures for the S] The post When The Market Volcano Erupts appeared first on Action Forex....
Caution Returns On US-China Trade Uncertaintyrss: Action Forex • Fundamental Analysis • Published Tue, 12 Nov 2019 09:43 GMT

Market moodsours on US-China trade concerns Pound elevated by Brexit party decision Oil dips on conflicting trade war signals Caution is set to dominate financial markets on Tuesday as investors juggle with trade uncertainty and tensions in Hong Kong. The...
RBNZ To Slash Rates, More Blues For The Kiwirss: Action Forex • Fundamental Analysis • Published Tue, 12 Nov 2019 09:40 GMT

Kiwi underperforms as investors bet that RBNZ will cut rates overnight Pound rejoices as Brexit party warms up to Tories, but risks tilted to downside UK jobs data, Germany] The post RBNZ To Slash Rates, More Blues For The Kiwi appeared first on Action Fo...
RBNZ November Previewrss: Action Forex • Fundamental Analysis • Published Tue, 12 Nov 2019 09:12 GMT

When The result of the RBNZ] The post RBNZ November Preview appeared first on Action Forex....
Europe Morning: Data Sensitiverss: Action Forex • Fundamental Analysis • Published Tue, 12 Nov 2019 09:08 GMT

Employment a risk to near-term BoE cut expectations After last night] The post Europe Morning: Data Sensitive appeared first on Action Forex....
Crude Oil Towards 57.45rss: Action Forex • Technical Analysis • Published Tue, 12 Nov 2019 08:53 GMT

Pivot (invalidation): 56.55 Our preference Long positions above 56.55 with targets at 57.25 & 57.45 in extension. Alternative scenario Below 56.55 look for further downside with 56.30 & 56.10 as targets. Comment The RSI calls for a bounce. The post Crude ...
Silver Spot Key Resistance At 16.9300rss: Action Forex • Technical Analysis • Published Tue, 12 Nov 2019 08:50 GMT

Pivot (invalidation): 16.9300 Our preference Short positions below 16.9300 with targets at 16.7500 & 16.6500 in extension. Alternative scenario Above 16.9300 look for further upside with 16.9900 & 17.0900 as targets. Comment A break below 16.7500 would tr...
Gold Spot Watch 1448.00rss: Action Forex • Technical Analysis • Published Tue, 12 Nov 2019 08:49 GMT

Pivot (invalidation): 1460.00 Our preference Short positions below 1460.00 with targets at 1452.00 & 1448.00 in extension. Alternative scenario Above 1460.00 look for further upside with 1463.00 & 1466.00 as targets. Comment The RSI is below its neutralit...