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Weekly Economic and Financial Commentary: Fed Cuts Again, But Dissent Risesrss: Action Forex • Fundamental Analysis • Published Sat, 21 Sep 2019 08:11 GMT

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 ] The post Weekly Economic and Financial Commentary: Fed Cuts Again, But Dissent Rises appeare...
The Weekly Bottom Line: Fed Cuts Rates, More to Comerss: Action Forex • Fundamental Analysis • Published Sat, 21 Sep 2019 07:49 GMT

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 cu...
Forward Guidance: Geopolitical Uncertainty Matters But Economic Data Still Looks a Little Betterrss: Action Forex • Fundamental Analysis • Published Sat, 21 Sep 2019 07:43 GMT

A week that started off with worries about the stability of global oil supply in the wake of last weekends 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...
Week Ahead Markets Remain Focused on Geopolitical Risksrss: Action Forex • Fundamental Analysis • Published Sat, 21 Sep 2019 07:40 GMT

Iran, Trade Updates, Fed Speak, more rate decisions in focus...
Week Ahead: US-China Trade and Brexit Back to Forefrontrss: Action Forex • Fundamental Analysis • Published Sat, 21 Sep 2019 07:37 GMT

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 weeks central bank bonanza, there will be some aftershocks to stir volatility. Meanwhile, with geopolitic...
China Has Instant Response to Trump Commentsrss: Action Forex • Technical Analysis • Published Sat, 21 Sep 2019 07:34 GMT

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...
Weaker Data this Week May Help BOC with Decisionrss: Action Forex • Fundamental Analysis • Published Sat, 21 Sep 2019 07:31 GMT

On Wednesday this week, Canada released its inflation data for the month of August....
EUR/NOK 1H Chart: Two scenarios likelyrss: Technical Analysis • Published Fri, 20 Sep 2019 15:49 GMT

The Euro has been depreciating gradually against the Norwegian Krone since the end of August when the EUR/NOK currency pair reversed south from the upper boundary of the rising wedge ...
USD/NOK 1H Chart: Short-term advance expectedrss: Technical Analysis • Published Fri, 20 Sep 2019 15:48 GMT

The USD/NOK exchange rate has been trading upwards within the rising wedge pattern since May. As apparent on the chart, the rate has already reversed north from the lower pattern ...
Eurozone Flash PMIs to Hold Steady, Unlikely to Knock Euro Out of Rangerss: Action Forex • Fundamental Analysis • Published Fri, 20 Sep 2019 15:44 GMT

The preliminary readings for the September PMIs are due out of the Eurozone on Monday at 08:00 GMT. The data will be closely watched as there have been some signs that business confidence has started to perk up lately, albeit only moderately. And with the...
Week Ahead RBNZ Meets, But Geopolitics May Steal the Showrss: Action Forex • Fundamental Analysis • Published Fri, 20 Sep 2019 15:42 GMT

The Reserve Bank of New Zealand (RBNZ) will be the sole major central bank that meets next week, but theres a flood of economic data to keep traders busy most importantly the euro areas preliminary PMIs due on Monday. Beyond these, markets will also keep...
China Weekly Letter: Interim Deal Possible, But Still a Long Way to the Real Dealrss: Action Forex • Fundamental Analysis • Published Fri, 20 Sep 2019 15:37 GMT

Lower-level officials meet in Washington. Small interim deal a possibility in October but real break-through is hard to envision at this stage. CNY strengthens ahead of trade talks where currency is likely to be on the agenda. Huawei offers to sell its 5G...
Weekly Focus: Central Banks Have Spoken, How is the Economy Doingrss: Action Forex • Fundamental Analysis • Published Fri, 20 Sep 2019 15:27 GMT

Market movers ahead After two weeks of central bank action, focus will likely turn to the real economy, where we will start to get PMI data for September. If there is no increase in PMIs in the US, this will indicate that Q3 showed the weakest growth sinc...
GBPNZDs Nearly 2-Month Rally Dries up ahead of May Highrss: Action Forex • Technical Analysis • Published Fri, 20 Sep 2019 14:50 GMT

GBPNZD after a decisive push north on September 13, fell inches short of the May high of 2.0020, plotting a shooting star suggesting the bears have taken control. The pattern was followed by an engulfing candle, backed by the momentum indicators reflectin...
EUR/USD Outlook: Euro Eases Towards 1.10 Support after Repeated Rejection at Trendline Resistancerss: Action Forex • Technical Analysis • Published Fri, 20 Sep 2019 14:47 GMT

The Euro fell near 1.10 support in mid-European/early US trading on Friday, following repeated upside rejection at bear-trendline, drawn from 1.1412 (25 June high) and reinforced by falling 30DMA. The US dollar regained traction on Friday, pushing the sin...
September 20, 2019 : GBP/USD Intraday technical analysis and trade recommendations.rss: Technical Analysis • Published Fri, 20 Sep 2019 14:05 GMT

On July 26, Bearish breakdown below 1.2385 (Wedge-Pattern Key-Level) facilitated further bearish decline towards 1.2210 and 1.2100 which corresponded to significant key-levels on the Weekly chart.In Early August, another consolidation-range was temporaril...
Canadian Retail Sales Increase in July, but Volumes Flatrss: Action Forex • Fundamental Analysis • Published Fri, 20 Sep 2019 14:04 GMT

Canadian retail sales were up 0.4% (m/m) in July, following a downwardly revised 0.1% decline in June (previously reported as 0%). The release came close to consensus expectations for a 0.6% increase. After stripping out price effects, the picture was sub...
Gold 09.20.2019 - Breakout is on the wayrss: Technical Analysis • Published Fri, 20 Sep 2019 13:44 GMT

Gold continues to trade sideways at the price of $1,500 and there is potential for breakout very soon. Gold might need fundamental trigger for the next directional movement.. Blue horizontal line Swing high (Right shoulder) Red rectangle Upward target i...
Canadian Retail Sales Still Soft in Julyrss: Action Forex • Fundamental Analysis • Published Fri, 20 Sep 2019 13:18 GMT

Headline sales edged up 0.4% Volume sales were unchanged in July, both from the prior month and a year earlier Canadian retail sales have remained (somewhat puzzlingly) soft. The headline sales increase in July was the first in three months and, excluding...
BTC 09.20.2019 - Resistance on the test, watfch for selling opportuntiesrss: Technical Analysis • Published Fri, 20 Sep 2019 13:15 GMT

BTC has been trading upwards in the past 24 hours but there is resistance on the test at the price of $10,300, which is the good level for potential new money selling. Be careful with long positions around the resistance and watch for potential selling op...
GBP/USD: plan for the American session on September 20th. The bulls were returned to the ground. The pound goes down andrss: Technical Analysis • Published Fri, 20 Sep 2019 12:47 GMT

To open long positions on GBP/USD, you need:In the morning review, I paid attention to the speculative reasons for the growth of the British pound against the US dollar yesterday afternoon, and also focused on the support of 1.2475, to which the pair have...
EUR/USD: plan for the American session on September 20th. Weak inflation in the eurozone returned the pair to the low ofrss: Technical Analysis • Published Fri, 20 Sep 2019 12:43 GMT

To open long positions on EURUSD, you need: In the first half of the day, a report was released which indicated a decrease in producer prices in the eurozone, which is a rather bad signal for the economy, which is already gradually slipping into a recessi...
Trading recommendations for the EURUSD currency pair prospects for further movementrss: Technical Analysis • Published Fri, 20 Sep 2019 11:57 GMT

Over the last trading day, the euro/dollar currency pair showed volatility close to the average daily point of 51, but something cardinal did not happen on the trading chart. From technical analysis, we see that the current movement is still the same os...
EUR/USD: central banks pass the baton to the negotiators of the United States and the Middle Kingdomrss: Technical Analysis • Published Fri, 20 Sep 2019 11:45 GMT

Traders continue to win back the results of the meetings of the leading central banks and wait for news from the trading front.A preparatory round of US-China trade talks started yesterday.During the two-day discussions, the parties should pave the way fo...
Market Brief: GBP Dumped As Brexit Hopes Dashedrss: Action Forex • Fundamental Analysis • Published Fri, 20 Sep 2019 11:44 GMT

At midday in London, the GBP has gone from being the strongest yesterday to one of the weakest currencies today, although only bettered by the NZD which tumbled to a new 2019 low against the dollar today. GBP/USD has come sharply off overnight highs, allo...
Trading plan for Gold for September 20, 2019rss: Technical Analysis • Published Fri, 20 Sep 2019 11:43 GMT

Technical outlook:Gold prices dropped from $1,557 through $1,480/82 levels earlier in 5 waves, labelled as (1) on the charts here. The subsequent consolidation could be a potential A-B-C, out of which Waves A and B terminated at $1,524/25 and $1,483 resp...
GBPAUD Spikes To 4-Month High, Additional Gains Could Be Limitedrss: Action Forex • Technical Analysis • Published Fri, 20 Sep 2019 11:41 GMT

GBPAUD stretched Thursdays impressive rally to a four-month high of 1.8492 on Friday and is ready to close the week up by 1.7%. The RSI has also picked up steam and is currently pointing towards its 70 overbought mark, while the Stochastics have yet to co...
EURNZD Possibly Forming Triple Top Near 10-Month Highrss: Action Forex • Technical Analysis • Published Fri, 20 Sep 2019 11:38 GMT

EURNZD is again attempting to overcome the 1.7590 resistance region tested multiple times over August. The bulls recent rally from 1.7000 is backed by the Tenkan-sen that has already distanced itself from the Kijun-sen, as well as the momentum oscillators...
The second breath of the oil market: volatility as an impetus for growthrss: Technical Analysis • Published Fri, 20 Sep 2019 11:32 GMT

This week, the black gold market experienced unprecedented volatility, having experienced ups and downs, as well as a reduction in the Fed rate. According to analysts, this gave strength for further growth.Economists recorded volatility in the oil market ...
Brexit Warnings Overlooked, Exhausted Trading And Cannabis Banking Billrss: Action Forex • Fundamental Analysis • Published Fri, 20 Sep 2019 11:26 GMT

Brexit surpasses BoE warnings The statement made by the BoE has a rather muted impact on financial markets as most market reaction is mainly driven by Brexit headlines. The constructive signals sent by European Commission President Jean-Claude Juncker on ...
GBP/USD Tested Fibonacci 23.60% Retracementrss: Action Forex • Technical Analysis • Published Fri, 20 Sep 2019 11:23 GMT

On Thursday, the GBP/USD exchange rate reached the 1.2560 level. During today] The post GBP/USD Tested Fibonacci 23.60% Retracement appeared first on Action Forex....
XAU/USD Trades At 1,505.00 Levelrss: Action Forex • Technical Analysis • Published Fri, 20 Sep 2019 11:15 GMT

During Thursday morning, the XAU/USD exchange rate increased to the 1,505.00 level. During today] The post XAU/USD Trades At 1,505.00 Level appeared first on Action Forex....
AUD/USD Could Still Edge Lowerrss: Action Forex • Technical Analysis • Published Fri, 20 Sep 2019 11:04 GMT

The Australian Dollar has continued its downward movement against the US Dollar. The AUD/USD currency pair depreciated about 46 basis points during Thursday] The post AUD/USD Could Still Edge Lower appeared first on Action Forex....
EUR/USD could maintain consolidationrss: Technical Analysis • Published Fri, 20 Sep 2019 11:00 GMT

Yesterday, the Euro continued to consolidate against the US Dollar between the weekly and monthly PPs, located at 1.1038 and 1.1069 respectively. ...
European Markets Subdued As Indian Stocks Surge On Business Tax Cutrss: Action Forex • Fundamental Analysis • Published Fri, 20 Sep 2019 10:57 GMT

Notes/Observations India Sensex surges 6% on corporate tax cut for manufacturing companies Markets trade mixed, while gold and oil trade higher Asia: There has been renewed speculation about possible interim trade deal between the US and China, low-level ...
GBP/USD May Exceed 1.31 By The End Of The Yearrss: Action Forex • Fundamental Analysis • Published Fri, 20 Sep 2019 10:54 GMT

During September, the British pound is struggling to get out of the pit where it fell on the fear of no-deal Brexit. This decline sent GBPUSD in August and early September to levels that had not been consistently achieved since 1985. However, it also prob...
Gold could test 1,510.00 levelrss: Technical Analysis • Published Fri, 20 Sep 2019 10:53 GMT

On Friday, Gold had surged slightly, but it had not broken out of the trading range that forces the metal to bounce around the 1,500.00 level. During the early hours of ...
USD/JPY passes 200-hour SMArss: Technical Analysis • Published Fri, 20 Sep 2019 10:33 GMT

On Friday, the USD/JPY currency rate had broken out of being squeezed in between the 100 and 200-hour simple moving averages. The rate broke out downwards. Although, the break out ...
XAU/USD Outlook: Gold Price Rises Above $1500 But Larger Range Is Still Intactrss: Action Forex • Technical Analysis • Published Fri, 20 Sep 2019 10:18 GMT

Spot gold price rose above $1500 handle on Friday, recovering from $1507/ $1483 dip after Fed rate cut. Widely expected action of the US central bank resulted in rather mild action of the dollar that kept the yellow metal, which usually moves in opposite ...
Forecast for USD/JPY on September 20, 2019rss: Technical Analysis • Published Fri, 20 Sep 2019 10:06 GMT

USD/JPY Over the past two weeks, the dollar has spent a lot of effort to grow against the yen in difficult technical and fundamental conditions. Yesterday, the price could not gain a foothold over the red line of the price channel (on the daily) and fell ...
DAX 30 Bullish Breakout Confirms Impulsive Wave 3rss: Action Forex • Technical Analysis • Published Fri, 20 Sep 2019 09:38 GMT

The DAX 30 could be building an ABC (purple) zigzag pattern and a bullish breakout is aiming for the Fibonacci targets of wave C vs A. The DAX 30 is moving sideways in a corrective and choppy consolidation, which is typical for a wave 4 (green) pattern. T...
GBPUSD 1.2580 Reachedrss: Action Forex • Technical Analysis • Published Fri, 20 Sep 2019 09:28 GMT

The British pound has extended its gains against the US dollar during the European trading session, with the pair reaching 1.2580 so far. The 1.2600 level is now within reach of the GBPUSD pair, which may give rise to profit-taking now that price is close...
USDJPY Bearish Pressure Buildingrss: Action Forex • Technical Analysis • Published Fri, 20 Sep 2019 09:27 GMT

The US dollar is starting to hold below the 108.00 resistance level against the Japanese yen currency, as bearish short-term pressure builds on the pair. The USDJPY pair could fall back to the 107.40 support level if bulls continue to struggle to take cha...
Pound Jumps On Brexit Deal Hopes, Dollar Edges Lowerrss: Action Forex • Fundamental Analysis • Published Fri, 20 Sep 2019 09:18 GMT

Pound surges on rising odds of a Brexit deal Barnier-Barclay meeting eyed Dollar edges lower as other central banks hold steady, Treasuries slip Cautious optimism as US-China trade talks resume Oil spikes again after Saudi Arabia strikes Houthi targets in...
Technical Analysis of USD/JPY for September 20, 2019rss: Technical Analysis • Published Fri, 20 Sep 2019 09:08 GMT

When examining the "Big Picture" of USD/JPY on the daily chart, it can be clearly seen that the pair has recently bounced off the support level of well-established trading range that goes back to March of 2017, with the support level that goes back to Mar...
European Open Juncker, Brexit, Gold, Oilrss: Action Forex • Fundamental Analysis • Published Fri, 20 Sep 2019 08:38 GMT

Sterling jumps on Juncker optimism Stock markets across Europe are marginally lower as we head into a more peaceful end to the week, one that has been dominated by central banks around the globe. The pound has jumped at the end of the week after outgoing ...
Gold Muted As Risk Aversion Declinesrss: Action Forex • Technical Analysis • Published Fri, 20 Sep 2019 08:33 GMT

The precious metal was trading modestly lower on Thursday following the easing risk aversion sentiment. The Fed rate cut also failed to move the precious metal higher. This came as the Fed maintained a less than dovish outlook on monetary policy. Meanwhil...
BoE Holds Rates Steady As Expectedrss: Action Forex • Technical Analysis • Published Fri, 20 Sep 2019 08:32 GMT

The Bank of Englands monetary policy was seen to be in line with expectations. The central bank left interest rates and its asset purchase program unchanged. The decision to leave rates steady comes with a unanimous vote. The recent pullback in inflation ...
Euro Trades Muted, Lack Of Fundamental Driversrss: Action Forex • Technical Analysis • Published Fri, 20 Sep 2019 08:31 GMT

The euro mimicked price action in the US dollar which has remained rather flat. The common currency, however, was easing back on Thursday following brief highs during the intraday sessions. A lack of fundamentals from the eurozone following the ECB meetin...
NZD/USD Strong Downtrend In Progressrss: Action Forex • Technical Analysis • Published Fri, 20 Sep 2019 08:30 GMT

The NZD/USD has formed a rounded top that cues for the price to proceed further down. We might see new lows very soon. The Rounded top that has been formed around 0.6450 zone is progressing. A retracement to the POC zone 0.6315-30 will probably show some ...
USD/JPY Outlook: Consolidation To Precede Fresh Upside While Converged 10/100DMAs Hold Dipsrss: Action Forex • Technical Analysis • Published Fri, 20 Sep 2019 08:29 GMT

NZDUSD bears are at the wheel and have steered the pair back on track with the medium-term negative picture. The price recovered on September 3, to hit a pothole at the 200-period simple moving average (SMA) on the four-hour chart, before the sellers reve...
Forecast for September 20th. GBP/USD: waiting for the long-awaited pullback, USD/JPY: a new weakening of the yen againstrss: Technical Analysis • Published Fri, 20 Sep 2019 08:19 GMT

GBP/USD The bullish wave of the pound from September 3 continues to develop. It completes a larger wave. It has a pulsed appearance, which is why all oncoming movements are minimal in size. The price approached the intermediate resistance zone. Forecast: ...
NZDUSD Still Bearish, But Forming Possible Double Bottomrss: Action Forex • Technical Analysis • Published Fri, 20 Sep 2019 08:11 GMT

NZDUSD bears are at the wheel and have steered the pair back on track with the medium-term negative picture. The price recovered on September 3, to hit a pothole at the 200-period simple moving average (SMA) on the four-hour chart, before the sellers reve...
USDCAD Bulls Relax Under 200-Day SMArss: Action Forex • Technical Analysis • Published Fri, 20 Sep 2019 08:10 GMT

USDCAD bulls relaxed near the 200-day simple moving average (SMA) on Thursday, letting the price to slip back into the 1.3200 handle. According to the RSI and the MACD, traders could behave neutral in the short-term as the former hovers around the 50 mark...
Pound Jumps At Junkers Commentrss: Action Forex • Fundamental Analysis • Published Fri, 20 Sep 2019 08:08 GMT

The pound jumped against the USD yesterday, as media reported that EU Commission President Juncker stated in an interview that a deal for Brexit is possible by October 31. Also according to media, the EU Commission president stated that a no deal Brexit w...
Asia Session: India Tax Slash Boosts Nifty 50rss: Action Forex • Fundamental Analysis • Published Fri, 20 Sep 2019 08:05 GMT

India] The post Asia Session: India Tax Slash Boosts Nifty 50 appeared first on Action Forex....
Sterling At Two-Month High, How High Can It Gorss: Action Forex • Fundamental Analysis • Published Fri, 20 Sep 2019 08:04 GMT

Sterling At Two-Month High In the event of no-deal Brexit, we could see parity for Sterling against the dollar but that risk has faded to a larger extent after a significant change in stance from European lawmakers yesterday. The Sterling dollar pair touc...
GBPUSD Outlook: Positive News And Bullish Techs Fuel Fresh Extension Higherrss: Action Forex • Technical Analysis • Published Fri, 20 Sep 2019 07:50 GMT

Cable advanced to new eleven-week high in Asia on Friday, after strong bullish signal was generated on final break and close above strong resistances at 1.2500 zone on Thursday. Fresh wave of optimism on latest comments from European Commission Juncker, w...
Crude Oil Reboundrss: Action Forex • Technical Analysis • Published Fri, 20 Sep 2019 07:48 GMT

Pivot (invalidation): 58.10 Our preference Long positions above 58.10 with targets at 59.50 & 60.05 in extension. Alternative scenario Below 58.10 look for further downside with 57.65 & 57.20 as targets. Comment The RSI calls for a rebound. The post Crude...
Gold Spot Aim @ 1511.50rss: Action Forex • Technical Analysis • Published Fri, 20 Sep 2019 07:42 GMT

Pivot (invalidation): 1496.00 Our preference Long positions above 1496.00 with targets at 1507.00 & 1511.50 in extension. Alternative scenario Below 1496.00 look for further downside with 1488.50 & 1483.00 as targets. Comment The RSI is bullish and calls ...
Trading plan for US Dollar Index for September 20, 2019rss: Technical Analysis • Published Fri, 20 Sep 2019 07:27 GMT

Technical outlook:The US Dollar Index is ready to accelerate its drop lower, as Wave (iii) is underway. We foresee 96.90 levels as wave (iii) is progressing. For this structure to hold, prices should ideally remain below 98.75 and 99.10 going forward. Ple...
S&P 500 Bullish Bias Above 3000.00rss: Action Forex • Technical Analysis • Published Fri, 20 Sep 2019 07:26 GMT

Pivot (invalidation): 3000.00 Our preference Long positions above 3000.00 with targets at 3022.00 & 3045.00 in extension. Alternative scenario Below 3000.00 look for further downside with 2978.50 & 2959.00 as targets. Comment The RSI calls for a rebound. ...
AUD/USD Key Resistance At 0.6810rss: Action Forex • Technical Analysis • Published Fri, 20 Sep 2019 07:24 GMT

Pivot (invalidation): 0.6810 Our preference Short positions below 0.6810 with targets at 0.6775 & 0.6760 in extension. Alternative scenario Above 0.6810 look for further upside with 0.6830 & 0.6855 as targets. Comment Even though a continuation of the tec...
USD/CAD Key Resistance At 1.3275rss: Action Forex • Technical Analysis • Published Fri, 20 Sep 2019 07:23 GMT

Pivot (invalidation): 1.3275 Our preference Short positions below 1.3275 with targets at 1.3250 & 1.3235 in extension. Alternative scenario Above 1.3275 look for further upside with 1.3295 & 1.3310 as targets. Comment The upward potential is likely to be ...
USD/CHF Aim @ 0.9870rss: Action Forex • Technical Analysis • Published Fri, 20 Sep 2019 07:22 GMT

Pivot (invalidation): 0.9940 Our preference Short positions below 0.9940 with targets at 0.9890 & 0.9870 in extension. Alternative scenario Above 0.9940 look for further upside with 0.9960 & 0.9985 as targets. Comment The RSI is bearish and calls for furt...
GBP/USD Target 1.2600rss: Action Forex • Technical Analysis • Published Fri, 20 Sep 2019 07:20 GMT

Pivot (invalidation): 1.2520 Our preference Long positions above 1.2520 with targets at 1.2580 & 1.2600 in extension. Alternative scenario Below 1.2520 look for further downside with 1.2500 & 1.2475 as targets. Comment The RSI is bullish and calls for fur...
The Dollar index could see 96.50 soonrss: Technical Analysis • Published Fri, 20 Sep 2019 07:10 GMT

The Dollar index is challenging short-term support at 97.60-97.80 area, while at the same time bulls are unable to break above 98.30 making lower highs. If support fails to hold we should expect price to move below 97 towards 96.50.Black line - short-term...
Technical analysis of USDJPY for September 20th, 2019rss: Technical Analysis • Published Fri, 20 Sep 2019 07:04 GMT

USDJPY has reached our target of 107.50-108 and then some more, but now price looks like it is getting a reversal. Price has rallied more than 300 pips from the triple bottom area around 105 but remains below the major trend line resistance from 2015.Blue...
Daily Ichimoku cloud analysis on EURUSD for September 20th, 2019rss: Technical Analysis • Published Fri, 20 Sep 2019 06:56 GMT

Although medium-term trend remains bearish for EURUSD, there are some signs that point to a move higher towards 1.1150 as long as price is above 1.10. Price is on the verge on closing today above the kijun-sen resistance and this would lead price to test ...
The Dollar Is Losing Some Momentumrss: Action Forex • Fundamental Analysis • Published Fri, 20 Sep 2019 06:51 GMT

Markets Yesterday, global investors adapted positions in the wake of the Fed] The post The Dollar Is Losing Some Momentum appeared first on Action Forex....
Market Brief: Juncker Lifts Sterling, CB Stimulus Support Stocksrss: Action Forex • Fundamental Analysis • Published Fri, 20 Sep 2019 06:48 GMT

In a fresh blow to the BoJ, consumer prices in Japan hit a two-year low, which also follows on from weak export figures yesterday. Whilst the central bank held steady yesterday, they stated they] The post Market Brief: Juncker Lifts Sterling, CB Stimulus ...
Daily Ichimoku cloud analysis on Gold for September 20th, 2019rss: Technical Analysis • Published Fri, 20 Sep 2019 06:48 GMT

Medium-term trend remains bullish for Gold as price continues to trade above the Kumo (cloud), short-term trend however remains unclear as long as price trades between $1,520 and $1,484.As we said above price is above the Kumo (cloud) confirming medium-te...
Indicator analysis. Daily review on September 20, 2019 for the GBP / USD currency pairrss: Technical Analysis • Published Fri, 20 Sep 2019 06:47 GMT

Trend analysis (Fig. 1). On Friday, the price after breaking through the pullback level of 38.2% (1.2502 - the red dotted line) may continue to move up to the target of 1.2670 - the pullback level of 50% (red dashed line). The next level may occur pul...
Yen Unchanged As Japan Inflation Falls To Two-Year Lowrss: Action Forex • Fundamental Analysis • Published Fri, 20 Sep 2019 06:46 GMT

The Japanese yen was relatively unchanged after the Statistics Bureau of Japan released consumer prices data for August. They showed that the core inflation was at 0.5%, down from 0.6% in July. This was in line with the consensus forecast and was the lowe...
BTCUSD Still Bullishrss: Action Forex • Technical Analysis • Published Fri, 20 Sep 2019 06:42 GMT

The first cryptocurrency is attempting to recover above the $10,000 level on Friday, after briefly falling towards the $9,600 support level on Thursday. Yesterdays strong pullback may have formed an important low for the BTCUSD pair, particularly with the...
EURUSD 1.1110 Testrss: Action Forex • Technical Analysis • Published Fri, 20 Sep 2019 06:41 GMT

The euro currency is continuing to push higher against the US dollar on Friday, with the pair eroding all of its post-FOMC losses. The EURUSD pair is still on track to test the 1.1110 resistance area, although the 1.1160 level remains the larger goal. Ove...
GBPUSD On Targetrss: Action Forex • Technical Analysis • Published Fri, 20 Sep 2019 06:40 GMT

The British pound has recovered back above the 1.2500 level against the US dollar after briefly moving lower following the Bank of England rate decision. The short-term bullish tone towards the GBPUSD pair suggests a move towards the 1.2600 level is comin...
CHF/JPY 4H Chart: Bounces off support clusterrss: Technical Analysis • Published Fri, 20 Sep 2019 06:39 GMT

Upside risks have guided the Swiss Franc higher against the Japanese Yen since the beginning of September after the currency pair reversed from a psychological support level at 107.00. ...
Big Aussie Banks Now All Expect RBA To Ease In Octrss: Action Forex • Fundamental Analysis • Published Fri, 20 Sep 2019 06:30 GMT

General Trend: Aussie consumer stocks outperform amid near-term rate cut expectations Japanese banks rise as BoJ cut longer-term bond purchases at daily operation, trade-sensitive Marine/Transportation index also rises There has been renewed speculation a...
Thin Data Day Ahead: Time To Digest Big Central Bank Weekrss: Action Forex • Fundamental Analysis • Published Fri, 20 Sep 2019 06:27 GMT

Market movers today Following a busy central bank week, today is very thin on scheduled events and economic data. Focus is on the developments in the Iran-Saudi crisis. US Secretary of Defence Mike Pompeo has been in Saudi Arabia to discuss a response to ...
Indicator analysis. Daily review on September 20, 2019 for the EUR / USD currency pairrss: Technical Analysis • Published Fri, 20 Sep 2019 06:26 GMT

Trend analysis (Fig. 1). On Friday, it is possible to continue the upward movement with the target of 1.1111 - the upper fractal (red dashed line). Intermediate points, where pullbacks down are possible, and therefore, additional entry points upwards ...
Euro-Zones Current Account Surplus Widened More-Than-Estimated In Julyrss: Action Forex • Fundamental Analysis • Published Fri, 20 Sep 2019 06:26 GMT

For the 24 hours to 23:00 GMT, the EUR rose 0.14% against the USD and closed at 1.1045. On the macro front, Euro-zone] The post Euro-Zones Current Account Surplus Widened More-Than-Estimated In July appeared first on Action Forex....
BoE Left Its Key Interest Rates Steady At 0.75%rss: Action Forex • Fundamental Analysis • Published Fri, 20 Sep 2019 06:23 GMT

For the 24 hours to 23:00 GMT, the GBP rose 0.37% against the USD and closed at 1.2522, after the European Commission President, Jean-Claude Juncker, stated that a Brexit deal is possible before the deadline. The Bank of England (BoE), in its policy meeti...
SNB Decided To Keep Its Benchmark Interest Rate Steady At -0.75%rss: Action Forex • Fundamental Analysis • Published Fri, 20 Sep 2019 06:20 GMT

For the 24 hours to 23:00 GMT, the USD declined 0.42% against the CHF and closed at 0.9927. In economic news, Switzerlands seasonally adjusted trade surplus narrowed to CHF1.59 billion in August, following a revised surplus of CHF3.69 billion in the previ...
Canadas House Price Index Advanced In Augustrss: Action Forex • Fundamental Analysis • Published Fri, 20 Sep 2019 06:13 GMT

For the 24 hours to 23:00 GMT, the USD declined 0.27% against the CAD and closed at 1.3258. Data showed that Canada] The post Canadas House Price Index Advanced In August appeared first on Action Forex....
SPY Can See Further Strength In Short Termrss: Action Forex • Technical Analysis • Published Fri, 20 Sep 2019 05:45 GMT

SPDR S] The post SPY Can See Further Strength In Short Term appeared first on Action Forex....
Cliff Notes: With the Risks in Mindrss: Action Forex • Fundamental Analysis • Published Fri, 20 Sep 2019 04:45 GMT

Key insights from the week that was. For Australia, the week got underway with the release of the September RBA minutes. The minutes had a renewed focus on the Australian labour market, particularly persistent weak wages growth. Of greatest significance o...
Technical analysis of ETH/USD for 20/09/2019rss: Technical Analysis • Published Fri, 20 Sep 2019 04:42 GMT

Crypto Industry News:The Turkish government announced plans to create a national Blockchain infrastructure to use DLT technology in public administration. The Ministry of Industry and Technology presented its vision during the Strategy 2023 presentation i...
Technical analysis of BTC/USD for 20/09/2019rss: Technical Analysis • Published Fri, 20 Sep 2019 04:37 GMT

Crypto Industry News:Jay Clayton, chairman of the Securities and Exchange Commission (SEC), said Bitcoin needs stronger regulation for Bitcoin to be traded on a large stock exchange.According to financial media reports, Clayton spoke at the Delivering Alp...
Technical analysis of GBP/USD for 20/09/2019rss: Technical Analysis • Published Fri, 20 Sep 2019 04:31 GMT

Technical Market Overview:The GBP/USD has made another marginal higher high at the level of 1.2561 as the rally continues. Please keep an eye on how this key level will be played by the market participants, because of the overbought conditions. The moment...
Technical analysis of EUR/USD for 20/09/2019rss: Technical Analysis • Published Fri, 20 Sep 2019 04:28 GMT

Technical Market Overview:The EUR/USD pair has been consolidating in a narrow range between the levels of 1.1018 - 1.1075 for some time and currently the consolidation starts to resemble the Triangle pattern. In order to continue the move up, the bulls mu...
USD Set To Correctrss: Action Forex • Technical Analysis • Published Fri, 20 Sep 2019 04:20 GMT

Whilst were not seeking large moves, there are two pairs which could be looking to take advantage of the dollar over the near-term USD/JPY and USD/SGD. USD/JPY has hit resistance around 108.50 with a bearish engulfing candle (making it a 2-bar reversal pa...
Elliott wave analysis of GBP/JPY for September 20 - 2019rss: Technical Analysis • Published Fri, 20 Sep 2019 04:01 GMT

GBP/JPY saw a low at 134.38 well above 133.86 which is the key-levels indicating a more substantial correction in red wave c of red wave ii finally is developing towards 130.78. As long as short-term key-support at 133.86 is able to protect the downside, ...
GOLD Price And Crude Oil Price Approaching Resistancerss: Action Forex • Technical Analysis • Published Fri, 20 Sep 2019 03:55 GMT

Gold price recovered nicely from the $1,480 support area and climbed above $1,500. Crude oil price is correcting gains and it is facing hurdles near $60.00. Important Takeaways for Gold and Oil Gold price started a decent upward move after it tested the $...
Elliott wave analysis of EUR/JPY for September 20 - 2019rss: Technical Analysis • Published Fri, 20 Sep 2019 03:53 GMT

EUR/JPY trading was contained in a narrow range yesterday. The low of the range was seen at 118.93, while the top came in at 119.57. WE need a clear break above 119.82 to confirm that red wave ii is complete and red wave iii higher to at least 121.92 is d...
Market Morning Briefing: The EUR-JPY Cross Is Stuck In Between 118.85 And 120rss: Action Forex • Technical Analysis • Published Fri, 20 Sep 2019 03:47 GMT

STOCKS Bulls seem to be hesitating on the Dow, DAX and Nikkei, while the Bears seem to be in control in India, with the Sensex and Nifty underperforming most markets. Shanghai seems to be in no-man] The post Market Morning Briefing: The EUR-JPY Cross Is S...
AUD/USD Trimming Gains, Can It Bounce Backrss: Action Forex • Technical Analysis • Published Fri, 20 Sep 2019 03:23 GMT

Key Highlights The Aussie Dollar topped near 0.6895 and declined recently against the US Dollar. AUD/USD broke an ascending channel with support near 0.6870 on the 4-hours chart. Australia] The post AUD/USD Trimming Gains, Can It Bounce Back appeared firs...
Trading plan for EURUSD for September 20, 2019rss: Technical Analysis • Published Fri, 20 Sep 2019 03:13 GMT

Technical outlook:EURUSD is likely to push towards 1.1145 and 1.1185, and a break above 1.1110 would confirm this direction. Looking at the wave structure, Wave (3) seems to be unfolding since 1.0927 lows in place early last week. Please note that sub-wav...
GBPUSD Triggers Short Term Uptrendrss: Action Forex • Technical Analysis • Published Fri, 20 Sep 2019 03:02 GMT

GBPUSD with the pair resuming its short term uptrend on Thursday, more strength is expected in the days ahead. Support lies at 1.2500 area with a break below that level turning attention to the 1.2450 level. Further down, support lies at the 1.2400 level ...
Fractal analysis of the main currency pairs for September 20rss: Technical Analysis • Published Fri, 20 Sep 2019 00:46 GMT

Forecast for September 20: Analytical review of currency pairs on the scale of H1: For the euro / dollar pair, the key levels on the H1 scale are: 1.1227, 1.1188, 1.1135, 1.1114, 1.1019, 1.0987 and 1.0932. Here, we continue to monitor the ascendin...