Brokers

One Big Reason Traders May STILL Be Underestimating Coronavirus Risksrss: Action Forex • Fundamental Analysis • Published Mon, 27 Jan 2020 16:08 GMT

Well, that was a brutal weekend to be sure: The tragic death of basketball legend Kobe Bryant, reports of three rocket strikes on the US embassy in Baghdad, and the continued spread of coronavirus dominated the airwaves. While each of the above events are...
USDCNH Appreciates Despite Looming Medium-Term Downtrendrss: Action Forex • Technical Analysis • Published Mon, 27 Jan 2020 15:14 GMT

The Renminbis recent push up from 6.8440 has returned the pair to levels seen at the end of last year. Buyers are attempting to breach an important region from 6.9790 to 6.9865 on the daily timeframe, where a bearish crossover of the 200-day simple moving...
Trading recommendations for EURUSD on January 27rss: Technical Analysis • Published Mon, 27 Jan 2020 12:58 GMT

From a complex analysis, we see the continuing inertia set by the market last Thursday. In fact, during this period, the quote overcame the variable flat, the range level of 1.1080, and also moved closer to the borders of the subsequent level of 1.1000. T...
Gold 01.27.2020 - Rejection of the Pitchfork warning line 1 at the price of $1.588, selling opportuntiies prerferablerss: Technical Analysis • Published Mon, 27 Jan 2020 12:41 GMT

Gold has been trading upwards. The price tested and rejected of the level of $1.588. There is potential buying climax in the background and buying would be very risky at this stage. Watch for potential downside rotation or sideways movement.The eventual b...
Safe-Havens Soar on Contagion Concerns, Stock Selloff Accelerates, Demand Woes for Oil, Gold and Bitcoin Surgerss: Action Forex • Fundamental Analysis • Published Mon, 27 Jan 2020 12:31 GMT

The market selloff that everyone was waiting is here. The US stock market rally was overextended, and investors will use the coronavirus epidemic as the trigger needed to deliver a pullback. The weekend news had no shortage of headlines. Much of the Ameri...
Europe Lower As Virus Fears Spreadrss: Action Forex • Fundamental Analysis • Published Mon, 27 Jan 2020 12:01 GMT

Europe is heading for a weaker open on Monday, with traders rattled by the spread of Coronavirus over the weekend as China steps up efforts to contain it. With most Asian markets closed around the Chinese New Year, its difficult to get an accurate gauge o...
WTI Oil Outlook: Crude Oil Falls Further After Gap-Lower Opening As Virus Concerns Weigh Heavilyrss: Action Forex • Technical Analysis • Published Mon, 27 Jan 2020 11:58 GMT

WTI oil price started the week with 130-pips gap lower and extended to the levels last traded in early Oct, pressured by concerns that virus spread could have strong negative effect on oil demand. The price holding firmly in red for the sixth straight day...
AUD/USD Outlook: Aussie Slumps On Rising Global Worries Over China Virusrss: Action Forex • Technical Analysis • Published Mon, 27 Jan 2020 11:25 GMT

The Australian dollar was sharply down in early Mondays trading (0.6% so far) despite the national holiday, as rising fears over virus spreading further soured the sentiment and increase pressure on Aussie. Fresh bearish acceleration broke below daily clo...
EURUSD 1.1060 Remains Key Pivotrss: Action Forex • Technical Analysis • Published Mon, 27 Jan 2020 11:17 GMT

The euro currency remains under downside pressure against the US dollar as risk-off trading sentiment rises across financial markets increases. The EURUSD pair has a strong short-term bearish bias while price trades below the 1.1060 resistance level. A be...
USDJPY Heavily Bearishrss: Action Forex • Technical Analysis • Published Mon, 27 Jan 2020 11:15 GMT

US dollar has turned heavily bearish against the Japanese yen currency, following a break under the technically important 109.00 support level. Risk-off trading sentiment is also worsening today, due to the spread of the coronavirus in China. The USDJPY p...
Coronavirus Spread Strengthens Yen, Weakens AUDrss: Action Forex • Fundamental Analysis • Published Mon, 27 Jan 2020 11:13 GMT

JPY strengthened, while the Aussie weakened against the USD on Friday and during todays Asian session, as worries about the spreading of the coronavirus increased further. China announced that it will extent the New Year holiday to February 2nd in an effo...
CHI 50 Index Dives Below 200-Day SMA, Bearish Mood To Persistrss: Action Forex • Technical Analysis • Published Mon, 27 Jan 2020 11:10 GMT

China] The post CHI 50 Index Dives Below 200-Day SMA, Bearish Mood To Persist appeared first on Action Forex....
HKD/JPY 1H Chart: Short-term decline expectedrss: Technical Analysis • Published Mon, 27 Jan 2020 11:02 GMT

Recently, the HKD/JPY exchange rate reversed south from the upper boundary of the long-term ascending channel at 14.20. Currently, the rate is trading at the weekly S1 at 14.00. ...
ZAR/JPY 1H Chart: Two scenarios likelyrss: Technical Analysis • Published Mon, 27 Jan 2020 11:00 GMT

The ZAR/JPY currency pair has been trading downwards since the end of December after it failed to surpass the Fibonacci 39.30% retracement at 7.79. As apparent on the chart, the ...
Risk Aversion Flows Dominate, Greek And Italian Bond Yield Drop On Favorable Newsrss: Action Forex • Fundamental Analysis • Published Mon, 27 Jan 2020 10:53 GMT

Notes/Observations Risk-off sentiment prevails as coronavirus concerns continue price action exacerbated by holidays (Note: Over 2700 have been infected, 80 killed) China announced an extension of its Lunar New Year holiday through February 2nd, in an eff...
Technical analysis of GBP/USD for January 27, 2020rss: Technical Analysis • Published Mon, 27 Jan 2020 10:41 GMT

Overview:The GBP/USD pair set above strong support at the level of 1.3042, which coincides with the 38.2% Fibonacci retracement level. This support has been rejected for four times confirming uptrend veracity. Major support is seen at the level of 1.304...
Safe Havens Climb, Stocks Slide As Virus Fears Deepenrss: Action Forex • Fundamental Analysis • Published Mon, 27 Jan 2020 10:30 GMT

Worries that new virus is turning into an epidemic push yen and gold higher Stocks fall alongside oil prices as investors reassess potential economic hit Question now is how long this havoc will last, and whether it gets worse from here Risk sentiment tak...
Gold Eyes Tops As Momentum Picks Uprss: Action Forex • Technical Analysis • Published Mon, 27 Jan 2020 10:28 GMT

Gold today gapped up and seems to be taking a breather around the 1,575 level, which is the 23.6% Fibonacci retracement of the up leg from 1,458.42 to 1,611.28 after bouncing off the joined 50- and 100-period simple moving averages (SMAs). This view is al...
Gold Posts Modest Gains As Equities Rally Pausesrss: Action Forex • Technical Analysis • Published Mon, 27 Jan 2020 10:26 GMT

The precious metal was once again attempting to post some gains with some degree of success. Gold prices rose by over 0.50% percent into Fridays close. The gains came as risk sentiment is fading. Equity markets remain rather flat right after charting into...
UK Manufacturing And Services Activity Rebound In Januaryrss: Action Forex • Technical Analysis • Published Mon, 27 Jan 2020 10:25 GMT

Flash estimates from Markit in regards to the manufacturing and services activity saw a modest rebound. Manufacturing activity rose to 49.8 while services PMI rose to 52.9. On both counts, the data beat the forecasts. But the sterling ignored the report a...
Euro Maintains Declines, Brushing Off PMI Datarss: Action Forex • Technical Analysis • Published Mon, 27 Jan 2020 10:25 GMT

The euro currency continues it declines, set off by the ECB meeting on Thursday last week. By Fridays close, the Euro was down by about 0.25%. Flash PMIs for January from IHS Markit were better than forecasts. Private business activity was picking up mome...
EUR/USD Outlook: Downbeat German Data Add To Negative Outlook As Bears Crack Key Fibo Supportrss: Action Forex • Technical Analysis • Published Mon, 27 Jan 2020 10:23 GMT

The Euro fell further and hit the lowest since 2 Dec on Monday, in extension of steep fall last Thu/Fri (down 0.6%). Downbeat German Ifo business climate index (Jan 95.9 vs 97 f/c and 96.3 in Dec), released earlier today, added to existing weak tone. Fres...
Gold trades at 1,585.00 arearss: Technical Analysis • Published Mon, 27 Jan 2020 10:22 GMT

On Monday morning, the price for gold jumped to the 1,585.00 level. It is likely that yellow metal could consolidate in the 1,580.00 area against the US Dollar ...
USD/JPY Outlook: Safe-Haven Yen Rises Further On Coronavirus Fearsrss: Action Forex • Technical Analysis • Published Mon, 27 Jan 2020 10:21 GMT

The pair opened with gap-lower on Monday and fell to the lowest since 8 Jan on rising risk aversion as death toll on corona virus in China rises. Safe-haven yen extends its strong advance (up 0.74% last week) in such environment, with outlook for further ...
Gold Price Outlook: The Price On A Bullish Path Above $1,555 And $1,560 Resistance Levelsrss: Action Forex • Technical Analysis • Published Mon, 27 Jan 2020 10:19 GMT

Gold price is following a nice bullish path above the $1,555 and $1,560 resistance levels against the US Dollar. The price surged above the $1,580 level and recently traded as high as $1,588. It is currently correcting lower below $1,585, but it is still ...
Equity Sell-Off Deepens As Coronavirus Death Toll Rises. Oil Slumpsrss: Action Forex • Fundamental Analysis • Published Mon, 27 Jan 2020 10:15 GMT

Some Asian markets were closed due to the Chinese New Year holiday. Those that were open took another dive at the start of the week as the death toll due to coronavirus rose to 80 and the virus kept spreading despite containment measures. China, South Kor...
GBP/USD remains below 1.3140rss: Technical Analysis • Published Mon, 27 Jan 2020 10:07 GMT

During Monday morning, the GBP/USD exchange rate was trading between the 55- and 200-hour moving averages. If the given moving averages hold, it is likely that the British ...
EUR/USD is below 1.1040rss: Technical Analysis • Published Mon, 27 Jan 2020 09:55 GMT

During Monday morning, the EUR/USD was trading at the 1.1030 area. The pair could gain support of the lower boundary of the short-term descending channel and reverse north in the nearest ...
Coronavirus Remains Investors Top Concern For The Week Aheadrss: Action Forex • Fundamental Analysis • Published Mon, 27 Jan 2020 09:50 GMT

Global equities decline as coronavirus continues to spread US earnings season in full swing with 145 S] The post Coronavirus Remains Investors Top Concern For The Week Ahead appeared first on Action Forex....
Crude Oil As The Weakest Link In China Virus Storyrss: Action Forex • Fundamental Analysis • Published Mon, 27 Jan 2020 09:45 GMT

The global financial markets remain under pressure, gripped by fears of the new coronavirus] The post Crude Oil As The Weakest Link In China Virus Story appeared first on Action Forex....
EUR/JPY Could Make Brief Upside Retacementrss: Action Forex • Technical Analysis • Published Mon, 27 Jan 2020 09:42 GMT

The single European currency declined by 84 basis points or 0.69% in value against the Japanese Yen on Friday. The currency pair was pressured south by the 50 hour simple moving average. As for the near future, the EUR/JPY exchange rate could make a brief...
EUR/USD Follows Short-Term Channelrss: Action Forex • Technical Analysis • Published Mon, 27 Jan 2020 09:38 GMT

On Friday, the EUR/USD currency pair went downwards along the lower boundary of the short-term descending channel. During today] The post EUR/USD Follows Short-Term Channel appeared first on Action Forex....
GBP/USD Squuzed By 55- And 200-Hour SMASrss: Action Forex • Technical Analysis • Published Mon, 27 Jan 2020 09:37 GMT

During last trading session, the GBP/USD exchange rate failed to breach the medium-term ascending channel. During Monday morning, the rate was testing support provided by the 200-hour SMA at 1.3061. Note that the currency pair is pressured by the 55-hour ...
XAU/USD Jumped To 1,585.00rss: Action Forex • Technical Analysis • Published Mon, 27 Jan 2020 09:34 GMT

On Friday, the XAU/USD exchange rate raised to the 1,575.00 level. During today] The post XAU/USD Jumped To 1,585.00 appeared first on Action Forex....
USD/CAD Targets At 1.3197rss: Action Forex • Technical Analysis • Published Mon, 27 Jan 2020 09:33 GMT

The US Dollar has surged by 66 pips or 0.51% in value against the Canadian Dollar since Friday] The post USD/CAD Targets At 1.3197 appeared first on Action Forex....
USD/CHF - The Reversal Needs Confirmation 27.01.2020rss: Technical Analysis • Published Mon, 27 Jan 2020 09:28 GMT

USD/CHF is moves somehow sideways in the short term. MACD shows a bullish divergence, but we still need a confirmation that the pair will increase significantly in the nearest days. Price has managed to break above two important downtrend lines, but it is...
EUR/USD Further Drop Seems Confirmed 27/01/2020rss: Technical Analysis • Published Mon, 27 Jan 2020 09:20 GMT

EUR/USD has declined significantly for the last two days, the price has reached a new low at 1.1019. The price is under high selling pressure in the short term, the next downside target will be at the 1.1000 psychological level.EUR/USD should drop further...
USD/JPY could decline below 108.80rss: Technical Analysis • Published Mon, 27 Jan 2020 09:14 GMT

During previous trading day, the USD/JPY currency pair tumbled to the 108.80 level. During Monday morning, the pair reversed north. ...
GBP/USD squeezed by 55 and 200-hour SMAsrss: Technical Analysis • Published Mon, 27 Jan 2020 09:13 GMT

During last trading session, the GBP/USD exchange rate failed to breach the medium-term ascending channel. During Monday morning, the rate was testing support provided by the 200-hour SMA at 1.3061. ...
Gold Extremely Bullish Pushing Towards 1611 Retestrss: Action Forex • Technical Analysis • Published Mon, 27 Jan 2020 09:11 GMT

So far in 2020, the GOLD has been the best market to trade. Buy the dip has been the best possible scenario. We still have that scenario playing out. 1560 zone is a possible bounce spot. If the market makes a retracement to 1560 zone watch for a possible ...
AUD/USD testing support level at 0.6794rss: Technical Analysis • Published Mon, 27 Jan 2020 09:02 GMT

The Australian Dollar declined by 40 basis points or 0.58% in value against the US Dollar on Friday. The decline continues during the morning hours of Monday trading session. ...
Dollar undaunted by virusrss: Technical Analysis • Published Mon, 27 Jan 2020 09:01 GMT

The tense situation in the world associated with the spread of coronavirus in China does not bother the US currency. Moreover, the general panic in the markets was in the hands of the greenback. According to analysts, the dollar was able to capitalize...
Technical analysis recommendations for EUR/USD and GBP/USD on January 27rss: Technical Analysis • Published Mon, 27 Jan 2020 08:58 GMT

Economic calendar (Universal time) There is almost no important news in the economic calendar today. You can pay attention to the index of the business climate in Germany (9:00) and the sale of new housing in the United States (15:00). EUR / USD ...
Silver Spot The Upside Prevailsrss: Action Forex • Technical Analysis • Published Mon, 27 Jan 2020 08:50 GMT

Pivot (invalidation): 18.0500 Our preference Long positions above 18.0500 with targets at 18.3500 & 18.4800 in extension. Alternative scenario Below 18.0500 look for further downside with 17.9800 & 17.8900 as targets. Comment The RSI is bullish and calls ...
Gold Spot Target 1588.50rss: Action Forex • Technical Analysis • Published Mon, 27 Jan 2020 08:49 GMT

Pivot (invalidation): 1573.00 Our preference Long positions above 1573.00 with targets at 1585.50 & 1588.50 in extension. Alternative scenario Below 1573.00 look for further downside with 1568.00 & 1564.00 as targets. Comment The RSI advocates for further...
S&P 500 Bullish Bias Above 3281.00rss: Action Forex • Technical Analysis • Published Mon, 27 Jan 2020 08:47 GMT

Pivot (invalidation): 3281.00 Our preference Long positions above 3281.00 with targets at 3305.00 & 3316.00 in extension. Alternative scenario Below 3281.00 look for further downside with 3266.00 & 3253.00 as targets. Comment The RSI calls for a new upleg...
DAX Key Resistance At 13639.00rss: Action Forex • Technical Analysis • Published Mon, 27 Jan 2020 08:46 GMT

Pivot (invalidation): 13639.00 Our preference Short positions below 13639.00 with targets at 13510.00 & 13480.00 in extension. Alternative scenario Above 13639.00 look for further upside with 13690.00 & 13730.00 as targets. Comment As Long as 13639.00 is ...
EUR/JPY could make brief upside retracementrss: Technical Analysis • Published Mon, 27 Jan 2020 08:38 GMT

The single European currency declined by 84 basis points or 0.69% in value against the Japanese Yen on Friday. The currency pair was pressured south by the 50 hour simple ...
USD/JPY Key Resistance At 109.15rss: Action Forex • Technical Analysis • Published Mon, 27 Jan 2020 08:29 GMT

Pivot (invalidation): 109.15 Our preference Short positions below 109.15 with targets at 108.70 & 108.50 in extension. Alternative scenario Above 109.15 look for further upside with 109.40 & 109.65 as targets. Comment The upward potential is likely to be ...
EUR/USD Watch 1.1010rss: Action Forex • Technical Analysis • Published Mon, 27 Jan 2020 08:26 GMT

Pivot (invalidation): 1.1040 Our preference Short positions below 1.1040 with targets at 1.1020 & 1.1010 in extension. Alternative scenario Above 1.1040 look for further upside with 1.1050 & 1.1060 as targets. Comment The RSI lacks upward momentum. The po...
Research China: Uncertainty on the Rise on the Back of Corona Virusrss: Action Forex • Fundamental Analysis • Published Mon, 27 Jan 2020 08:23 GMT

With the spread of the corona virus, uncertainty is increasing for the Chinese economy and thus the global economy and financial markets. The brewing Chinese recovery is likely to take a hit in the short term and GDP could be reduced by up to one percenta...
Currencies: EUR/USD Technical Picture Deterioratesrss: Action Forex • Fundamental Analysis • Published Mon, 27 Jan 2020 08:02 GMT

Rates: No escaping global risk aversion Core bond yields trade below first support levels as the spreading of the deadly Chinese coronavirus accelerates with the Chinese government stepping up measures in effort to contain it. Better German eco data and U...
EUR/NZD 4H Chart: Two scenarios likelyrss: Technical Analysis • Published Mon, 27 Jan 2020 07:57 GMT

The single European currency has edged lower by 237 basis points or 1.40% in value against the New Zealand Dollar since January 15. The decline began after the currency pair ...
EURUSD Reaches 8-Week Low, More Losses Are Expectedrss: Action Forex • Technical Analysis • Published Mon, 27 Jan 2020 07:57 GMT

EURUSD has been underperforming in the past two days, breaking the almost four-month old ascending trend line to the downside. The price reached an eight-week low around 1.1019, distancing itself from the Ichimoku cloud and the short-term moving averages ...
GBP/USD Bearish ABC Pattern Within Final Wave E Trianglerss: Action Forex • Technical Analysis • Published Mon, 27 Jan 2020 07:32 GMT

The GBP/USD completed a bullish ABC (orange) zigzag pattern near 1.32 within the expected wave D (green). A bearish price swing is now expected and if the triangle pattern holds, then price action could build a bearish ABC pattern within wave E. Price sho...
Technical analysis for the week from January 27 to 31 for the GBP/USD currency pairrss: Technical Analysis • Published Mon, 27 Jan 2020 07:18 GMT

Last week, the pair strayed from the support line of 1.2961 (the white bold line), moved up and tested the pullback level of 50.0% - 1.3166 (the blue dotted line). Most likely, this week, the price will try to move up again to break through the resistance...
Technical analysis for the week from January 27 to 31 for the EUR/USD currency pairrss: Technical Analysis • Published Mon, 27 Jan 2020 07:18 GMT

Trend analysis. This week, the price will move up with the first target of 1.1052 a pullback level of 14.6% (blue dotted line). Upon reaching, the continuation of the upper work with the upper goal is a pullback level of 23.6% - 1.1072 (blue dotted line)...
Technical analysis of BTC/USD for 27/01/2020:rss: Technical Analysis • Published Mon, 27 Jan 2020 06:58 GMT

Crypto Industry News:The World Economic Forum (WEF) has created, he claims, the first-ever global consortium to develop a framework for transnational management of digital currencies, including stablecoins.A press release made available to the media revea...
Markets Shaken As Corona Virus Spreads Furtherrss: Action Forex • Fundamental Analysis • Published Mon, 27 Jan 2020 06:53 GMT

Market movers today As the Chinese New Year has kicked off, markets will continue to pay close attention to headlines regarding the spreading of the corona virus. Later this week Chinese PMI figures (Friday) will be closely watched for any potential negat...
Crude Price Tanks As Concerns Over Coronavirus Riserss: Action Forex • Fundamental Analysis • Published Mon, 27 Jan 2020 06:46 GMT

The price of crude oil declined as the market continued to worry about the new virus that is spreading in China and around the world. The price of gold, which is considered a safe-haven, also rose on these concerns. Over the weekend, the virus continued t...
Technical analysis of GBP/USD for 27/01/2020:rss: Technical Analysis • Published Mon, 27 Jan 2020 06:44 GMT

Technical Market Overview:The GBP/USD pair has managed to test the technical resistance at the level of 1.3168, but the rally was capped around this level and bears once again took control of the market by printing the Pin Bar candlestick pattern. Since t...
Technical analysis of EUR/USD for 27/01/2020:rss: Technical Analysis • Published Mon, 27 Jan 2020 06:37 GMT

Technical Market Overview:The EUR/USD pair has been continuing the move down towards the level of 1.1024 and there is no sign of any bounce yet. The market conditions are extremely oversold on the H4 timeframe chart, but due to the weak and negative momen...
Japanese Equities And Equity Futures Decline Amid Various Holiday-Related Closures In Asiarss: Action Forex • Fundamental Analysis • Published Mon, 27 Jan 2020 06:35 GMT

General Trend: China has confirmed 2,744 cases of the coronavirus as of the end of Jan 26th (Sunday) and 80 deaths [vs 830 cases and 25 deaths as of Jan 23rd] Said the ability of the virus to spread is getting stronger, not clear about the risk of the vir...
Unexpected Decline In Regional Services Growth Weakens The Eurorss: Action Forex • Fundamental Analysis • Published Mon, 27 Jan 2020 06:30 GMT

For the 24 hours to 23:00 GMT, the EUR declined 0.24% against the USD and closed at 1.1000 on Friday, as business activity in the Euro-zone remained unexpectedly weak in the month of January, as a decline in the services sector offset a marginal recovery ...
UKs Services Sector Returned To Growth In Januaryrss: Action Forex • Fundamental Analysis • Published Mon, 27 Jan 2020 06:29 GMT

For the 24 hours to 23:00 GMT, the GBP marginally declined against the USD and closed at 1.3078 on Friday. Meanwhile, in January, the preliminary manufacturing PMI advanced to a nine-month high of 49.80, compared to market expectations of an advance to 48...
Yen Reverses Its Losses In The Morning Sessionrss: Action Forex • Fundamental Analysis • Published Mon, 27 Jan 2020 06:28 GMT

For the 24 hours to 23:00 GMT, the USD rose 1.28% against the JPY and closed at 109.28 on Friday, even though the flash manufacturing PMI climbed to a level of 49.30 in January, compared to a reading of 48.40 recorded in the previous month. In the Asian s...
Loonie Extends Its Losing Streak Against The Dollar This Morningrss: Action Forex • Fundamental Analysis • Published Mon, 27 Jan 2020 06:26 GMT

For the 24 hours to 23:00 GMT, the USD rose 1.16% against the CAD and closed at 1.3140 on Friday. Meanwhile, Canadian retail sales recorded a rise of 0.9% in November, on a monthly basis. Retail sales had fallen by a revised 1.1% in the previous month. Th...
Gold: Yellow Metal Trading On A Stronger Footing This Morningrss: Action Forex • Fundamental Analysis • Published Mon, 27 Jan 2020 06:23 GMT

For the 24 hours to 23:00 GMT, Gold rose 0.70% against the USD and closed at USD1578.80 per ounce on Friday, as rising concerns over the spread of the coronavirus outbreak in China and its potential economic impact prompted investors to seek refuge in the...
Silver: White Metal Trading Higher In The Morning Sessionrss: Action Forex • Fundamental Analysis • Published Mon, 27 Jan 2020 06:22 GMT

For the 24 hours to 23:00 GMT, Silver rose 1.83% against the USD and closed at USD18.12 per ounce on Friday, tracking gains in gold prices. In the Asian session, at GMT0400, the pair is trading at 18.21, with silver trading 0.50% higher against the USD fr...
Crude Oil: Oil Extends Its Losses In The Asian Sessionrss: Action Forex • Fundamental Analysis • Published Mon, 27 Jan 2020 06:21 GMT

For the 24 hours to 23:00 GMT, Crude Oil declined 2.72% against the USD and closed at USD54.29 per barrel on Friday, amid rising concerns that Chinas coronavirus might spread to other countries, thus curbing travel and oil demand. Moreover, Baker Hughes r...
Markets Fears Spread Along With Wuhan Virusrss: Action Forex • Fundamental Analysis • Published Mon, 27 Jan 2020 06:17 GMT

The sense of serious concern about the economic effects of the Wuhan virus evident on Wall Street Friday has turned into something approaching panic in Asia this morning. China has taken the unprecedented step of extending the Chinese New Year holiday u...
EURUSD 1.0980 Key This Weekrss: Action Forex • Technical Analysis • Published Mon, 27 Jan 2020 05:54 GMT

The euro has started the week under pressure against the US dollar, following a bearish close below the 1.1060 level last Friday. The 1.0980 support level is now in focus, with EURUSD sellers likely to target the 1.0930 level if the 1.0980 level is breach...
GBPUSD 1.3000 Key Supportrss: Action Forex • Technical Analysis • Published Mon, 27 Jan 2020 05:53 GMT

The British pound is under increasing downside pressure against the US dollar, following a sharp reversal from the 1.3170 level last Friday. A sustained break under the 1.3000 level could see the GBPUSD pair sold towards the 1.2900 support level this week...
BTCUSD $8,500 PIVOTrss: Action Forex • Technical Analysis • Published Mon, 27 Jan 2020 05:52 GMT

Bitcoin is starting to appear more bullish over the short-term, with the $8,200 support level containing downside selling attacks. BTCUSD bulls need to maintain price above the $8,500 level in order to encourage another technical test of the $9,000 resist...
Elliott wave analysis of GBP/JPY for January 27 - 2020rss: Technical Analysis • Published Mon, 27 Jan 2020 05:49 GMT

GBP/JPY has followed the expected path lower through support at 142.94. This adds renewed downside pressure towards 140.80and towards support in the 139.29 - 139.83 target-zone. In the short term, we could see a minor correction to retest the former suppo...
Elliott wave analysis of EUR/JPY for January 27, 2020rss: Technical Analysis • Published Mon, 27 Jan 2020 05:41 GMT

EUR/JPY has broken key-support at 120.14 which has forced us back to the drawing-board, looking for alternate counts. The best count shows that the correction in wave 2 is larger, than first expected and we only are in wave c of 2 and not in the early sta...
Forecast for EUR/USD on January 27, 2020rss: Technical Analysis • Published Mon, 27 Jan 2020 04:15 GMT

EUR/USD On Friday, the euro completed the intended task of developing support for the price channel. The target for the Fibonacci level 138.2% at the price of 1.0986 is open. We believe that with the achievement of the goal, the euro will not weaken t...
Forecast for GBP/USD on January 27, 2020rss: Technical Analysis • Published Mon, 27 Jan 2020 04:12 GMT

GBP/USD The British pound fell by 50 points on Friday. The price went below the red indicator line of the balance and Marlin moved to the zone of negative values - the trend on the daily scale became completely lower. The closest target at 1.2968 Fibo...
Forecast for AUD/USD on January 27, 2020rss: Technical Analysis • Published Mon, 27 Jan 2020 04:01 GMT

AUD/USD It is a national holiday in Australia and China today. Asian currencies fell in the thin market. The Australian dollar worked out the Fibonacci reaction level of 123.6% on the daily chart with the intention to go deeper under the embedded pric...
Euro Area Research: From US-China Trade Ceasefire To US-EU Trade Warrss: Action Forex • Fundamental Analysis • Published Mon, 27 Jan 2020 03:42 GMT

We expect the US administrations trade policy to shift focus to Europe in 2020, but do not expect a wider EU-US trade war. We see 30-40% probability of US tariffs on European car imports hitting in H1 20, in light of both political and legal complexities....
GBP/USD will test the nearest Support level For Jan 27, 2020.rss: Technical Analysis • Published Mon, 27 Jan 2020 03:37 GMT

At the 4 hour chart, we can see cable trying to test the 4 hour chart support level at 1.3034-1.3025. Until the pair does not break out and close above the 4 Hour Chart Resistance at 1.3174, GBP/USD will try to go down to test the next support level at 1....
Market Morning Briefing: Pound Has Not Been Able To Rise Sharply From Support Near 1.2950rss: Action Forex • Technical Analysis • Published Mon, 27 Jan 2020 03:28 GMT

STOCKS Concerns over the coronavirus outbreak and increasing fears on the rising death tolls are keeping the sentiment in the equity markets nervous. Dow has declined sharply on Friday to close below 29000 and has a key support coming up which needs to ho...
EUR/USD Remains At Risk Of More Downsidesrss: Action Forex • Technical Analysis • Published Mon, 27 Jan 2020 03:03 GMT

Key Highlights EUR/USD followed a bearish path and broke the 1.1080 support area. A key bearish trend line is forming with resistance near 1.1060 on the 4-hours chart. The Euro Zone Manufacturing PMI in Jan 2020 (Prelim) increased from 46.3 to 47.8. The G...
EURUSD Continues To Hold On To Short Term Downtrendrss: Action Forex • Technical Analysis • Published Mon, 27 Jan 2020 03:00 GMT

EURUSD continues to face downside pressure as we enter a new week. Resistance comes in at the 1.1050 where a break will turn risk to the 1.1100 level. A breach below here will target the 1.1150 level. Further up, resistance stands at the 1.1200. Conversel...
Fractal analysis of the main currency pairs on January 27rss: Technical Analysis • Published Mon, 27 Jan 2020 02:02 GMT

Forecast for January 27:Analytical review of currency pairs on the scale of H1:For the euro / dollar pair, the key levels on the H1 scale are: 1.1102, 1.1079, 1.1064, 1.1031, 1.1018, 1.0995 and 1.0964. Here, we are following the descending structure of Ja...
The 2020 Election and the Economy: Part IIIrss: Action Forex • Fundamental Analysis • Published Sat, 25 Jan 2020 07:24 GMT

Executive Summary In part I of our series on the 2020 election and the U.S. economy, we examined some of the key facts about the election as it currently stands. In part II, we tackled where the candidates stand on some of the major economic policy issues...
Weekly Economic and Financial Commentary: Something in the Airrss: Action Forex • Fundamental Analysis • Published Sat, 25 Jan 2020 07:12 GMT

U.S. Review Something in the Air Fears of an escalating coronavirus outbreak reached the United States this week, as a Washington state man became the first confirmed domestic case and the international total reached more than 800. We expect any short-ter...
The Weekly Bottom Line: This Is What It Feels LikeWhen Doves Guiderss: Action Forex • Fundamental Analysis • Published Sat, 25 Jan 2020 05:01 GMT

U.S. Highlights Markets were focused on the progress of the new coronavirus in China, with few economic headlines in the U.S.. It is still early days, but it is likely the important efforts to contain the disease will crimp economic growth in China. Exist...
Week Ahead: Coronavirus, FOMC, BOE, and Brexitrss: Action Forex • Fundamental Analysis • Published Sat, 25 Jan 2020 04:48 GMT

Wow! Im sure not many people expected a risk off move this week due to the outbreak of a virus!...
Oil Market Week Ahead: Virus, Tesla and Hedge Fund Positioningrss: Action Forex • Fundamental Analysis • Published Sat, 25 Jan 2020 04:47 GMT

China will celebrate its New Year festival for the best part of next week, trying for a few days to forget the spread of the coronavirus across the country, while offices and markets remain closed until Friday. But in a nation where a city of a few millio...
Forward Guidance: Canadian growth concerns back in focusrss: Action Forex • Fundamental Analysis • Published Sat, 25 Jan 2020 04:35 GMT

The Bank of Canada held interest rates unchanged this week, as widely expected, but clearly signalled that a cut could be coming if domestic economic growth numbers continue to disappoint. Near-term external growth concerns have eased with the US-China ph...
Week Ahead Central Banks Back to the Forerss: Action Forex • Fundamental Analysis • Published Sat, 25 Jan 2020 04:30 GMT

Coronavirus developments closely monitored What a start to the year its been. There was so much that could have gone wrong in the opening weeks of 2020 and yet, its been the completely unexpected thats rocked the markets. This week it was the spread of Co...
Short-term analysis on EURUSDrss: Technical Analysis • Published Fri, 24 Jan 2020 21:24 GMT

EURUSD remains in a short-term bearish trend having clearly broken down all support levels. Yesterday we talked about the bearish Ichimoku cloud signal. EURUSD bulls need to recapture 1.11 to regain control of the trend.Red line - support trend lineGreen ...
Gold reaches our first short-term targetrss: Technical Analysis • Published Fri, 24 Jan 2020 21:10 GMT

In our past analysis we noted the bullish formation of higher highs and higher lows in Gold, as well as the upside potential towards $1,578 if $1,560-65 was broken. Price today reached very close to $1,576 and so far I believe we should expect more upside...
Week Ahead Fed to Stand Pat but BoE Could Cut US and Eurozone Q4 GDP Eyedrss: Action Forex • Fundamental Analysis • Published Fri, 24 Jan 2020 15:25 GMT

There will be no shortfall of market-moving events in the coming week, with plenty of top-tier data and crucial central bank meetings shaping the agenda. The Federal Reserve will hold its first policy meeting of 2020 but Q4 GDP and PCE inflation numbers o...
Cliff Notes: The Case for Monetary Easing in 2020 is Intact, Albeit with a Delayrss: Action Forex • Fundamental Analysis • Published Fri, 24 Jan 2020 15:20 GMT

Key insights from the week that was. The Australian economic data flow came back to full strength this week, with the release of the January Westpac-MI Consumer Sentiment survey and Decembers labour force report. Following the devastating bushfires of thi...
Weekly Focus Concerns about Coronavirus Shake Marketsrss: Action Forex • Fundamental Analysis • Published Fri, 24 Jan 2020 15:17 GMT

Fears about the spread of the so-called coronavirus in China weighed on financial markets this week. In particular, Chinese stocks and currency took a big hit. US and German bond yields also declined and both oil and metal prices pushed lower. The count o...
USD/CAD: Canadian Retail Salesrss: Fundamental Analysis • Published Fri, 24 Jan 2020 14:57 GMT

The US Dollar appreciated against the Canadian Dollar, following the Canadian Retail Sales data release on Friday at 13:30 GMT. The USD/CAD exchange currency rate gained 18 pips or 0.14% ...
Canadas November Retail Sales Surprise on the Upsiderss: Action Forex • Fundamental Analysis • Published Fri, 24 Jan 2020 14:40 GMT

Canada] The post Canadas November Retail Sales Surprise on the Upside...
EUR/USD: ECB Monetary Policy Statementrss: Fundamental Analysis • Published Fri, 24 Jan 2020 14:21 GMT

The European Common Currency depreciated against the US Dollar, following the ECB Monetary Policy Statement release on Thursday at 12:45 GMT. The EUR/USD exchange currency rate lost 54 pips or ...