Brokers

rss: Technical Analysis • Published Mon, 23 Nov 2020 17:27 GMT

Gold has finally broken below $1,850 support level at the start of this week. We are not surprised by this price action as we believed this would be the most probable outcome. Gold price continued to trade below the Ichimoku cloud and this made us continu...
rss: Technical Analysis • Published Mon, 23 Nov 2020 17:21 GMT

EURUSD has turned lower sharply today towards the key short-term support of 1.18. The RSI continues to provide bearish divergence warnings and it is highly probable that Dollar strength will be the main scenario over this week.Blue lines - bearish diverge...
rss: Technical Analysis • Published Mon, 23 Nov 2020 17:15 GMT

In our last analysis we noted the bearish divergence in the RSI of NZDUSD. We warned bulls that a pull back was close by and this week started with Dollar strength pushing NZDUSD towards the key support of 0.6875. So far price has made a low at 0.6892 and...
rss: Technical Analysis • Published Mon, 23 Nov 2020 17:01 GMT

Last week, the DUK+/EUR currency exchange rate ended sideways trading and reached the large sell order cluster at the 1.8900 level. This week, there were still sell orders present near ...
rss: Fundamental Analysis • Published Mon, 23 Nov 2020 16:18 GMT

The Euro depreciated against the US Dollar, following the US Flash PMIs survey results release on Monday at 14:45 GMT. The EUR/USD exchange currency rate lost 78 pips or 0.66% ...
rss: Technical Analysis • Published Mon, 23 Nov 2020 15:49 GMT

On Monday, the USD/JPY currency exchange rate suddenly surged, as another coronavirus vaccine was announced. This time AstraZeneca stated that its vaccine was around 90% effective. This event caused a ...
rss: Action Forex • Fundamental Analysis • Published Mon, 23 Nov 2020 14:51 GMT

There] The post Buzz Back in the Markets appeared first on Action Forex....
rss: Technical Analysis • Published Mon, 23 Nov 2020 14:45 GMT

HighlightsGBP/USD has been rising on vaccine and Brexit optimism.GBP/USD has hit a fresh two-month high. From a technical perspective, a sustained move beyond the 1.33 horizontal resistance might have already set the stage for additional gains in the earl...
rss: Technical Analysis • Published Mon, 23 Nov 2020 14:31 GMT

Intraday traders should have noticed the recent bearish closure below 1.1700. This indicated bearish domination for the market on the short-term.However, the EURUSD pair has failed to maintain sufficient bearish momentum below 1.1625 (38% Fibonacci Level)...
rss: Technical Analysis • Published Mon, 23 Nov 2020 13:48 GMT

Since the beginning of November, the EUR/TRY exchange rate has been trading downwards. ...
rss: Action Forex • Fundamental Analysis • Published Mon, 23 Nov 2020 13:39 GMT

The New Zealand dollar is in positive territory on Monday. Currently, NZD/USD is trading at 0.6964, up 0.49% on the day. NZ dollar closes in on 0.70 line The New Zealand dollar has enjoyed an outstanding month of November, posting gains of 5.3% during tha...
rss: Technical Analysis • Published Mon, 23 Nov 2020 13:38 GMT

Since the beginning of November, the TRY/JPY currency pair has been trading upwards. ...
rss: Technical Analysis • Published Mon, 23 Nov 2020 13:38 GMT

Further Development Analyzing the current trading chart of Gold, I found that BTC got rejected of the main resistance at $18,700 and that we might see the downside rotation towards the levels at $17,330 and $15,820. Key Levels: Resistance: $18,800 Suppor...
rss: Technical Analysis • Published Mon, 23 Nov 2020 13:28 GMT

SNB total sight deposits w.e. 20 November CHF 707.3 bn vs CHF 707.9 bn prior Latest data released by the SNB - 23 November 2020 Domestic sight deposits CHF 643.3 bn vs CHF 644.5 bn priorOverall sight deposits actually fell in the past week as it seems ...
rss: Action Forex • Fundamental Analysis • Published Mon, 23 Nov 2020 13:15 GMT

The S] The post U.S Futures Rising Watch REGN, TSLA, NFLX appeared first on Action Forex....
rss: Technical Analysis • Published Mon, 23 Nov 2020 13:11 GMT

In the early American session, the EUR/USD pair this morning is trading near the resistance of 1.1901 (3/8 of murray), there is still downward pressure below this level.The weakness of the US dollar is giving a boost to EUR/USD, given that the dollar inde...
rss: Technical Analysis • Published Mon, 23 Nov 2020 13:04 GMT

UK November flash services PMI 45.8 vs 42.8 expected Prior 51.4 Manufacturing PMI 55.2 vs 50.5 expected Prior 53.7 Composite PMI 47.4 vs 42.5 expected Prior 52.1 The UK economy falls back into contraction territory amid a renewed lock down, but the dec...
rss: Action Forex • Technical Analysis • Published Mon, 23 Nov 2020 12:50 GMT

The British Pound is looking quite confident against the USD despite the Brexit complications and the fact that there is too little time left for negotiating the trade agreement. Of course, there is some progress but the question is whether a couple of da...
rss: Technical Analysis • Published Mon, 23 Nov 2020 12:39 GMT

During Monday morning hours, the XAU/USD exchange rate reversed south from the resistance formed by the 100 and 200-hour SMAs near 1,875.00. ...
rss: Technical Analysis • Published Mon, 23 Nov 2020 12:31 GMT

Since Friday, the USD/JPY currency pair has been trading sideways in the 103.80 area. ...
rss: Technical Analysis • Published Mon, 23 Nov 2020 12:27 GMT

Technical outlook:USDJPY might be attempting to carve yet another low below 103.65 levels, before resuming its rally. The currency pair is seen to be trading around 103.71 levels at this point in writing and is expected to resume higher soon. Immediate re...
rss: Technical Analysis • Published Mon, 23 Nov 2020 12:26 GMT

During Monday morning hours, the GBP/USD exchange rate exceeded the weekly R1 at 1.3344. ...
rss: Technical Analysis • Published Mon, 23 Nov 2020 12:19 GMT

During Monday morning hours, the EUR/USD currency pair exceeded the weekly R1 at 1.1898. ...
rss: Technical Analysis • Published Mon, 23 Nov 2020 12:17 GMT

our analysis of November 20.The British pound is benefiting from optimism around Brexit. The news has reported that the deal is almost 100% and is basically imminent. However, fisheries, state aid and governance, remain points of disagreement.Upon expecta...
rss: Fundamental Analysis • Published Mon, 23 Nov 2020 12:13 GMT

The Euro traded sideways against the US Dollar, following the French Flash PMIs survey results release on Monday at 08:15 GMT. The EUR/USD exchange currency rate lost 2 pips or ...
rss: Technical Analysis • Published Mon, 23 Nov 2020 12:08 GMT

Technical outlook:GBPUSD has raised through 1.3381 highs today before pulling back. The Cable currency pair is seen to be trading around 1.3370 levels at this point in writing, expected to find resistance anytime soon. The overall structure continues to r...
rss: Technical Analysis • Published Mon, 23 Nov 2020 11:46 GMT

Technical outlook:EURUSD tests 1.1900 levels again today and might push through 1.1920/30 levels before reversing lower again. The single currency pair is seen to be trading close to 1.1900 at this point in writing and a drop below 1.1815 interim support ...
rss: Action Forex • Fundamental Analysis • Published Mon, 23 Nov 2020 11:38 GMT

Notes/Observations Covid-19 vaccine news aiding some risk appetite Continues optimism on Brexit talks Major European PMI data mixed in session despite renewed lockdowns in many countries being implements in Nov (PMI Manufacturing: Beats: Germany, Euro Zon...
rss: Technical Analysis • Published Mon, 23 Nov 2020 11:38 GMT

EURUSDThe euro is trying to get out of a nearly 4-month consolidation. A strong movement is very likely.The stops are also convenient: when buying from 1.1895, the stop is at 1.1849 and then a downward pullback is possibleSell from 1.1849, stop at 1.1895....
rss: Technical Analysis • Published Mon, 23 Nov 2020 11:18 GMT

The EUR/USD started the week by finding support in the 55 and 100-hour SMA and afterwards surging to the resistance zone near 1.1890. By the middle of the day, the ...
rss: Technical Analysis • Published Mon, 23 Nov 2020 11:09 GMT

AUD/USD has moved sideways lately signaling that the rate is trying more energy before resuming its upside movement. You can see that it has stayed near the 0.7327 resistance and now it has managed to pass above it signaling more gains.The higher highs an...
rss: Action Forex • Technical Analysis • Published Mon, 23 Nov 2020 11:04 GMT

The New Zealand Dollar edged higher by approximately 40 basis points or 0.69% against the US Dollar on Friday. The 50 hour simple moving average guided the currency pair during Friday] The post NZD/USD Analysis: Pressure By 50 Hour SMA appeared first on A...
rss: Action Forex • Technical Analysis • Published Mon, 23 Nov 2020 10:42 GMT

Gold price struggled below the $1,895 and $1,885 resistance levels against the US Dollar. The price broke the $1,865 support level and extended its decline. The price traded as low as $1,852 before starting an upside correction. There was a break above th...
rss: Action Forex • Fundamental Analysis • Published Mon, 23 Nov 2020 10:41 GMT

Oil continues to rise on consumption hopes Oil shrugged off the profit-taking seen in other asset classes on Friday and continued to consolidate at the top of its November ranges. Hopes that vaccines will return the world to a semblance of normality in 20...
rss: Action Forex • Technical Analysis • Published Mon, 23 Nov 2020 10:39 GMT

The precious metal made some modest gains on Friday, but the upside momentum is starting to look weaker. Following the recent rise to the 1950 handle, the failure to breakout has led to weaker price action. While the 1850 level of support is holding up fo...
rss: Action Forex • Technical Analysis • Published Mon, 23 Nov 2020 10:39 GMT

Oil prices offset the losses from Thursday, posting strong gains on Friday. After consolidating near the 41.00 level of support, the commodity is once again testing the previous highs. The key challenge for crude oil will be the 42.68 highs from November ...
rss: Action Forex • Technical Analysis • Published Mon, 23 Nov 2020 10:38 GMT

The British pound sterling pared losses on Friday to pull back above the rising trend line. Price action is now in a tight range with the 1.3300 technical resistance and the trend line. This could result in a possible breakout in the near term. With the 4...
rss: Action Forex • Technical Analysis • Published Mon, 23 Nov 2020 10:38 GMT

The euro currency remains in an overall consolidation. However, price action is supported by the rising trend line which has held up on previous occasions. For the moment, a reversal off the trend line could potentially mark a small inverse head and shoul...
rss: Action Forex • Technical Analysis • Published Mon, 23 Nov 2020 10:35 GMT

The British pound has moved to a new monthly high against the US dollar currency, following positive news surrounding ongoing Brexit talks. Higher time frame analysis shows that the GBPUSD pair could be preparing to test towards the 1.3380 resistance leve...
rss: Action Forex • Technical Analysis • Published Mon, 23 Nov 2020 10:34 GMT

Ethereum has rallied towards the $590.00 resistance level earlier today, marking the highest trading level for the ETHUSD pair since June 2018. Technical analysis shows that the ETHUSD pair has reached critical resistance and may start to retreat from cur...
rss: Action Forex • Technical Analysis • Published Mon, 23 Nov 2020 10:33 GMT

Gold recently has been tiptoeing around the base of a more than two-month sideways market, after plunging below the Ichimoku cloud and the 50- and 100-day simple moving averages (SMAs). The slipping 50-day SMA and the unclear bearing of the horizontal Ich...
rss: Technical Analysis • Published Mon, 23 Nov 2020 10:29 GMT

Trend analysis.Price is expected to move up this week, rising from the level of 1.3280 (closing of the last weekly candle) towards the level of 1.3381 (blue dotted line). If this happens, the GBP / USD pair will continue climbing up to the target level wh...
rss: Action Forex • Technical Analysis • Published Mon, 23 Nov 2020 10:27 GMT

USDJPY remains under pressure and risk is still to the downside as prices continue to drift lower from the 105.65 resistance. However, the pair is finding strong support around the 103.68 level. The short-term technical indicators are flattening and point...
rss: Action Forex • Technical Analysis • Published Mon, 23 Nov 2020 10:26 GMT

EURUSD has been trading within a consolidation area of 1.1611-1.1960 over the last four months, remaining above the Ichimoku cloud and the short-term simple moving averages (SMAs) the last five days. According to the technical indicators, the RSI is movin...
rss: Action Forex • Fundamental Analysis • Published Mon, 23 Nov 2020 10:24 GMT

Fresh vaccine news boosts risky assets, but only barely Vaccines losing their mojo in lifting markets Sterling cruises higher as speculation around a Brexit deal grows European PMIs not quite as dismal as feared Diminishing positive returns from vaccine n...
rss: Action Forex • Fundamental Analysis • Published Mon, 23 Nov 2020 10:16 GMT

Asia higher on vaccine hopes, stimulus talks Although Wall Street saw continued profit-taking push equities to a lower close on Friday, the US index futures have recouped much of those losses in Asia this morning. That has lifted equity markets across the...
rss: Technical Analysis • Published Mon, 23 Nov 2020 09:22 GMT

The New Zealand Dollar edged higher by approximately 40 basis points or 0.69% against the US Dollar on Friday. The 50 hour simple moving average guided the currency pair during ...
rss: Action Forex • Fundamental Analysis • Published Mon, 23 Nov 2020 09:03 GMT

The weekend news front was relatively quiet unless following the saga of the US election results was your thing. Sentiment is driving markets this morning, and that is mostly positive. Covid-19 vaccinations are expected to commence in December in the US a...
rss: Action Forex • Fundamental Analysis • Published Mon, 23 Nov 2020 09:01 GMT

US equities will likely open higher on Monday after a bearish end of the week. Futures on Dow Jones and the S] The post Wall Street To Open Higher On Vaccine Hopes, Rising COVID Cases To Limit Uptrend appeared first on Action Forex....
rss: Action Forex • Technical Analysis • Published Mon, 23 Nov 2020 09:00 GMT

The EUR/USD is ranging but the range might soon be broken. EUR bulls are waiting for the right moment to spike the price up. We can see the bullish inverted head and shoulders structure on H1 timeframe. If the market drops to D L4/78.6/99.6 zone we should...
rss: Action Forex • Technical Analysis • Published Mon, 23 Nov 2020 08:59 GMT

The dollar opened remains at the back foot against the basket of currencies and trading near recent lows at 92.17/10 (18/9 Nov), following Mondays gap-lower opening. Optimism about Covid-19 vaccine keeps the risk sentiment and deflates the greenback, but ...
rss: Technical Analysis • Published Mon, 23 Nov 2020 08:43 GMT

The euro/dollar pair was moving in a sideways channel last week, and failed to break up the resistance line 1.1883 (white thick line) again, but the price closed below this line in the end. This week, the market may increase.Trend analysis: The price from...
rss: Action Forex • Fundamental Analysis • Published Mon, 23 Nov 2020 08:38 GMT

Markets Markets ended last week on a rather dull note. The rift between the US Treasury and the Fed which ended in the Fed abiding to USTS Mnuchin] The post The US Government Is Close To Declaring That 89 Chinese Companies Have Military Ties appeared fir...
rss: Technical Analysis • Published Mon, 23 Nov 2020 08:35 GMT

Outlook on November 23:Analytical overview of major pairs on the H1 TF:The key levels for the euro/dollar pair are 1.1994, 1.1962, 1.1915, 1.1897, 1.1859, 1.1839, 1.1807 and 1.1747. The rising pattern from November 11 is being followed here. Now, we expec...
rss: Technical Analysis • Published Mon, 23 Nov 2020 08:26 GMT

EUR / USD The euro took a wait-and-see position last week. As a result, important levels retained their location and significance. In turn, conclusions and possible scenarios also remained the same. The bulls are currently moving into resistances 1....
rss: Technical Analysis • Published Mon, 23 Nov 2020 08:23 GMT

In order to rise in price to $100,000, the capitalization of the bitcoin market must grow to 25% of the global gold capitalization, which is now $9 trillion.Experts are confident that bitcoin is the most reliable asset for storing savings, as its quantity...
rss: Action Forex • Fundamental Analysis • Published Mon, 23 Nov 2020 08:21 GMT

INDICES Friday, European stocks had a positive trading day. The Stoxx Europe 600 gained 0.52%, both Germany] The post EU Indices On The Upside | TA Focus On Aviva appeared first on Action Forex....
rss: Action Forex • Fundamental Analysis • Published Mon, 23 Nov 2020 08:19 GMT

With eight days to go until the end of the month, November has already added about a quarter of all US Covid-19 cases since the beginning of the pandemic. The number of daily new cases is rising rapidly and the percentage of positive tests in most US Stat...
rss: Technical Analysis • Published Mon, 23 Nov 2020 08:16 GMT

For the second time, global COVID-19 incidence has decreased, reaching a value of 660,000. This suggests that the virus is receding, especially since the US also has recorded a sharp drop in new cases from 200,000 to 137,000 yesterday. However, there is a...
rss: Technical Analysis • Published Mon, 23 Nov 2020 08:02 GMT

NZDUSD bounced off 61.8% support level and ascending trend line. There is potential for a further rise to our first take profit level.The material has been provided by InstaForex Company - www.instaforex.com...
rss: Action Forex • Fundamental Analysis • Published Mon, 23 Nov 2020 07:52 GMT

Later today, Research firm Markit will publish preliminary readings of November Manufacturing PMI for the eurozone (54.2 expected), Germany (57.3 expected) and France (49.9 expected). Also, the preliminary readings of November Services PMI for the eurozon...
rss: Technical Analysis • Published Mon, 23 Nov 2020 07:44 GMT

Overview : The EUR/USD pair has rallied slightly during the week but we still see a significant amount of resistance just below, as the 1.1920 level continues to loom large. The levels of 1.1920 and 1.1984 are representing the double top and the fir...
rss: Technical Analysis • Published Mon, 23 Nov 2020 07:43 GMT

Overview : On the H1 chart : A trend in the AUD/USD pair was argumentative as it was trading in a narrow sideways channel, the market showed signs of instability. Amid the previous events, the price is still moving between the levels of 0.7264 and...
rss: Technical Analysis • Published Mon, 23 Nov 2020 07:41 GMT

Overview : The market opened above the weekly pivot point (1.3166). Last week, the trend continued to move downwards from the level of 1.3166 to the top around 1.3311. The GBP/USD pair is currently trying to settle above the support at 1.3166 as the...
rss: Technical Analysis • Published Mon, 23 Nov 2020 07:31 GMT

Key HighlightsEUR/USD climbed above 1.1850, but it struggled to clear the 1.1900 resistance zone.A key bullish trend line is forming with support near 1.1840 on the 4-hour chart.EUR/USD advances ahead of eurozone PMIsEUR/USD Technical AnalysisAfter reboun...
rss: Action Forex • Technical Analysis • Published Mon, 23 Nov 2020 07:24 GMT

Ethereum (ETH/USD) is finally making a bullish breakout. The previous bullish swing was 3 years ago when price action went above $1,300. The pullback and correction was strong and lengthy. Can the ETH/USD bulls really wrestle back full control from the be...
rss: Action Forex • Technical Analysis • Published Mon, 23 Nov 2020 06:50 GMT

Bitcoin is set for another important trading week, after posting its second-highest ever weekly price close above the $18,000 level. The $19,000 level is now acting as key technical resistance and is a key level that BTCUSD bulls must break this week. Fai...
rss: Action Forex • Technical Analysis • Published Mon, 23 Nov 2020 06:49 GMT

Ethereum has surged to a new multi-year high over the weekend, with the second-largest crypto reaching the $560.00 area. The ETHUSD pair has subsequently pulled back after a bearish head and shoulders pattern was activated. Technical analysis highlights t...
rss: Action Forex • Technical Analysis • Published Mon, 23 Nov 2020 06:48 GMT

Litecoin has fallen back towards the $80.00 support level, after hitting a new yearly high over the weekend, around the $90.00 level. Traders that are bullish towards the LTCUSD pair may await a stronger pullback to enter back into the prevailing bullish ...
rss: Action Forex • Fundamental Analysis • Published Mon, 23 Nov 2020 06:47 GMT

Cryptocurrencies rallied during the weekend as interest in alternative assets continued to rise. The price of Bitcoin rose to a high of $18,950 while Ethereum and Ripple rose to $580 and $0.45 respectively. This strong performance makes these digital curr...
rss: Technical Analysis • Published Mon, 23 Nov 2020 06:45 GMT

Crypto Industry Outlook:In the final step towards full recovery from the devastating hacker attack in September, the KuCoin cryptocurrency exchange announced yesterday in a blog post that it "has restored all token deposit and withdrawal services."The ann...
rss: Action Forex • Fundamental Analysis • Published Mon, 23 Nov 2020 06:44 GMT

Market movers today News on the vaccine front continues to be an important market driver. The US COVID-19 development continues to be in focus as new infections and hospitalisation climbed further over the weekend. Thanksgiving implies a further hurdle to...
rss: Technical Analysis • Published Mon, 23 Nov 2020 06:33 GMT

The common European currency has declined by 2.85% against the Australian Dollar since November 1. The currency pair breached the lower boundary of a descending channel pattern at 1.6149 on ...
rss: Action Forex • Fundamental Analysis • Published Mon, 23 Nov 2020 06:18 GMT

General Trend Gainers in Australia include commodity-related firms Consumer and Financial shares lag Property and Financial indices drop in HK, large-cap tech rises HK TECH Index FUTs decline over 2.5% after launch Cathay Pacific declines on the delay rel...
rss: Action Forex • Technical Analysis • Published Mon, 23 Nov 2020 06:10 GMT

STOCKS Dow can remain in the range of 28800-30000 in the near-term and can dip within it. DAX remains stuck in the narrow 13000-13300 range. Sensex and Nifty have bounced on Friday but have strong resistances that can cap the upside and keep them in a sid...
rss: Action Forex • Technical Analysis • Published Mon, 23 Nov 2020 05:45 GMT

Key Highlights EUR/USD climbed above 1.1850, but it struggled to clear the 1.1900 resistance zone. A key bullish trend line is forming with support near 1.1840 on the 4-hours chart. The Euro Zone Manufacturing PMI could decline from 54.8 to 53.1 in Nov 20...
rss: Technical Analysis • Published Mon, 23 Nov 2020 05:24 GMT

We currently see two options for GBP/JPY. The first is that a expanded flat correction is unfolding as red wave b/ of red wave ii/. This red wave b/ should complete near 139.02 and then red wave c/ should take over for a final dip closer to support in the...
rss: Technical Analysis • Published Mon, 23 Nov 2020 05:15 GMT

The correction from 125.14 has stalled at the 61.8% corrective target seen at 122.96. It is a very common corrective target and could be the low for this correction, but we will need a break above minor resistance at 123.46 to confirm that the correction ...
rss: Technical Analysis • Published Mon, 23 Nov 2020 02:56 GMT

USD/JPY The Japanese yen has formed a slight consolidation below the technical lows of October 29 and September 21 at 104.05 and is preparing to continue moving towards the November 6 low, towards the nearest target of 103.18. Getting the pair to settle b...
rss: Action Forex • Fundamental Analysis • Published Mon, 23 Nov 2020 01:45 GMT

On Friday, major U.S. stock indexes closed in the red. The Dow Jones Industrial Average fell 219 points (-0.75%) to 29263, the S] The post Asia Morning: U.S. Stocks Close In The Red appeared first on Action Forex....
rss: Action Forex • Fundamental Analysis • Published Sun, 22 Nov 2020 14:06 GMT

First, a review of last week] The post Forex Forecast and Cryptocurrencies appeared first on Action Forex....
rss: Action Forex • Fundamental Analysis • Published Sat, 21 Nov 2020 04:04 GMT

U.S. Review House Party Soaring confidence among homebuilders, a pace of residential construction activity that topped expectations and existing homes selling at the fastest pace in 14 years were the highlights of a week in which housing data dominated th...
rss: Action Forex • Fundamental Analysis • Published Sat, 21 Nov 2020 03:46 GMT

U.S. Highlights COVID-19 concerns took center stage again this week as cases surged to new daily records. This overshadowed optimism on vaccine progress and mostly positive economic data, with U.S. equity markets trending modestly lower as a result. Retai...
rss: Action Forex • Fundamental Analysis • Published Sat, 21 Nov 2020 03:40 GMT

Well get some early indications of how re-imposed virus containment measures are affecting Europe with the release of advance PMI survey data next week. The resurgence of COVID 19 there, and re-introduction of more significant restrictions on businesses a...
rss: Action Forex • Fundamental Analysis • Published Sat, 21 Nov 2020 03:36 GMT

Traditionally,...
rss: Action Forex • Technical Analysis • Published Sat, 21 Nov 2020 03:12 GMT

Canada Retails Sales released earlier were the economic highlight of the day for the North American trading session, and the data was impressive!...
rss: Action Forex • Fundamental Analysis • Published Sat, 21 Nov 2020 03:09 GMT

Focus back on fiscal response It appears were moving seemlessly from one major risk to another at the moment in the markets. The election is still technically live, Covid is spreading like wild fire and battles are commencing in Washington and Brussels as...
rss: Technical Analysis • Published Fri, 20 Nov 2020 16:17 GMT

NZDUSD is making a new higher high today at 0.6947 but the RSI does not follow. The RSI is still lower than the previous high and this provides us for the second bearish divergence. Price has broken below the bullish channel and is now back testing the ch...
rss: Technical Analysis • Published Fri, 20 Nov 2020 16:13 GMT

Gold price is bouncing again off the key support of $1,850. Price made a low this week at $1,852 and is now trading at $1,872. Support has held once again. No sell signal given. Bulls need to break above $1,900-$1,906 resistance in order to challenge $1,9...
rss: Action Forex • Fundamental Analysis • Published Fri, 20 Nov 2020 15:54 GMT

The Japanese yen has been on a steady downtrend against most of its major peers since March when it exploded higher during the virus-induced financial turmoil. Although only the euro and the Australian dollar have managed to erase their year-to-date losse...
rss: Action Forex • Fundamental Analysis • Published Fri, 20 Nov 2020 15:47 GMT

There is not much on the agenda next week, but that doesnt mean things will be quiet as the battle between longer-term vaccine hopes and the present lockdown reality continues to rage. The highlight on the economic calendar will be the latest PMIs, especi...
rss: Technical Analysis • Published Fri, 20 Nov 2020 15:30 GMT

EUR / USD The end of the next working week is approaching. There were a lot of thinking and expectations for the euro. The range of motion is small, the result is still lacking for both the players and the opponent. The main resistance zone retains ...
rss: Action Forex • Fundamental Analysis • Published Fri, 20 Nov 2020 15:29 GMT

The success of vaccine tests Australia] The post Expect US Treasury Rates to Rise and Curves to Steepen in 2021 appeared first on Action Forex....
rss: Action Forex • Fundamental Analysis • Published Fri, 20 Nov 2020 15:23 GMT

Good news on the COVID-19 vaccine front has raised hopes that we can get back to some kind of normality more quickly than previously thought. Phase 3 trials from both Pfizer/BioNTech and Moderna have shown very high efficacy of 95% and if authorities appr...
rss: Action Forex • Fundamental Analysis • Published Fri, 20 Nov 2020 15:19 GMT

Canadian retail sales continued to improve in September, accelerating to 1.1% month-on-month (m/m), double the growth rate in August and marking a fifth consecutive monthly improvement. This was much better than the Statistics Canada] The post Canada: Ret...
rss: Action Forex • Fundamental Analysis • Published Fri, 20 Nov 2020 15:12 GMT

Retail sales grew 1.1% in September, up 4.6% from a year ago. Early data shows flat retail sales in October Services spending will be weaker amid virus containment measures Retail sales grew by 1.1% in September, and were up 4.6% from a year ago. Todays r...
rss: Action Forex • Fundamental Analysis • Published Fri, 20 Nov 2020 14:05 GMT

The Canadian dollar continues to show limited movement. Currently, the pair is trading at 1.3053, down 0.15% on the day. There are no US economic releases on the schedule. Canada retail sales sparkle Canada ended the trading week in style, as retail sales...
rss: Action Forex • Fundamental Analysis • Published Fri, 20 Nov 2020 13:40 GMT

GBP/USD is having a calm Friday. Currently, the pair is trading at 1.3274, up 0.09% on the day. British retail sales jump With speculation growing that a Brexit deal could be announced any day now, economic releases have taken a back seat. Still, the trad...
rss: Technical Analysis • Published Fri, 20 Nov 2020 13:25 GMT

In the most global terms, the construction of the upward trend section continues, but the wave marking takes a complex form and may become more complicated several times. The section of the trend that begins on September 23 has taken a five-wave form, but...
rss: Technical Analysis • Published Fri, 20 Nov 2020 13:16 GMT

Intraday traders should have noticed the recent bearish closure below 1.1700. This indicated bearish domination for the market on the short-term.However, the EURUSD pair has failed to maintain sufficient bearish momentum below 1.1625 (38% Fibonacci Level)...