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rss: Action Forex • Fundamental Analysis • Published Sat, 15 May 2021 04:11 GMT

Summary United States: Reopening Comes with a Steep Price Tag The leap in consumer prices this week laid bare that challenges in meeting soaring demand come with a cost. There were few signs of the mismatch between supply and demand beginning to come back...
rss: Action Forex • Fundamental Analysis • Published Sat, 15 May 2021 03:00 GMT

U.S. Highlights Consumer and producer price inflation surprised on the upside on the back of rebounding energy prices, supply disruptions and strong fiscal-stimulus fueled demand. Despite inflation overshooting 2%, several Fed officials reassured markets ...
rss: Action Forex • Fundamental Analysis • Published Sat, 15 May 2021 02:52 GMT

US inflation data has been coming in higher than expected. Will it be the same in other parts of the world Last week, inflation data came in hot for April in the US....
rss: Action Forex • Technical Analysis • Published Sat, 15 May 2021 02:49 GMT

Since the Bank of Canada met on April 21st , when they cut bond purchases from C$4 billion/week to C$3 billion/week, USD/CAD has been in a freefall....
rss: Action Forex • Fundamental Analysis • Published Sat, 15 May 2021 02:36 GMT

Financial markets seem to be constantly recalibrating. The economic data is expected to be volatile and that should support the Feds patient stance on waiting for enough data to make a clear assessment over pricing pressures and the strength of the labor ...
rss: Technical Analysis • Published Fri, 14 May 2021 17:53 GMT

By the end of February, Near the price level of 1.2250, Significant SELLING Pressure was found. Since then, the current downtrend has been initiated.Shortly after, the price zone around (1.1990) provided some temporary buying pressure.However, this recent...
rss: Technical Analysis • Published Fri, 14 May 2021 17:29 GMT

Bearish Persistence below 1.3820 favoured bearish decline towards the 1.3600 levels. Hence, Bearish breakout below 1.3600 was needed to enhance further bearish decline towards 1.3500 and probably 1.3400.However, the GBPUSD pair was contained above the dem...
rss: Action Forex • Fundamental Analysis • Published Fri, 14 May 2021 14:58 GMT

We expect next weeks Canadian inflation report will show headline price growth jumped to 3.3% in April, in part reflecting lower bases last year when the economy closed down. Energy prices in particular came under signficant downward pressure last spring ...
rss: Action Forex • Fundamental Analysis • Published Fri, 14 May 2021 14:55 GMT

It was a wild week in financial markets. Stocks got smoked while the dollar clawed back some ground as inflation finally showed its teeth, reigniting worries about higher interest rates being on the horizon. The upcoming week seems calmer. There are no ce...
rss: Action Forex • Fundamental Analysis • Published Fri, 14 May 2021 14:51 GMT

Key insights from the week that was. Federal Budget 2021 was our focus this week. As detailed by Chief Economist Bill Evans in his video update as well as in our detailed budget report and infographic, building up Australias economy through investment and...
rss: Technical Analysis • Published Fri, 14 May 2021 14:03 GMT

EURUSD has held support at the 61.8% Fibonacci retracement of the rise from 1.1990 to 1.2180. This was an important win for bulls. Only a break below 1.2050-1.2060 could make bulls lose control of the short-term trend. With price now moving higher, bulls ...
rss: Action Forex • Technical Analysis • Published Fri, 14 May 2021 14:02 GMT

NZDUSD is in the process of recapturing the ground above the Ichimoku cloud after recently bouncing off the 200-period simple moving average (SMA) around 0.7134. The flattening demeanour of the 50- and 100-period SMAs is reflecting the recent dwindling in...
rss: Technical Analysis • Published Fri, 14 May 2021 13:55 GMT

XRP/USD is bouncing off the 61.8% Fibonacci retracement of the $0.88-$1.76 recent rise. Price is still below key resistance levels and still vulnerable to a move lower. Critical support is found at $1.20. Price tested this level several times this last fe...
rss: Technical Analysis • Published Fri, 14 May 2021 13:45 GMT

Bitcoin has managed to fall as low as $46,615 breaking below April low. Bulls have fought back since then and price is again above $50,000. Price is holding above the key support trend line now found at $48,180. Failure to hold above this level will lead ...
rss: Technical Analysis • Published Fri, 14 May 2021 13:39 GMT

EURJPY is in a bullish trend making higher highs and higher lows. Price has formed and upward sloping wedge pattern that clearly defines the boundaries of the move and helps us identify promptly any change in trend. With the recent new higher high in pric...
rss: Action Forex • Fundamental Analysis • Published Fri, 14 May 2021 13:26 GMT

Retail sales were flat month-on-month in April, below the consensus of 1% growth. March data however, was revised up to an even stronger 10.4% m/m (from 9.4%). Consistent with the surge in prices, sales of motor vehicles, parts ] The post US: Retail Sales...
rss: Action Forex • Fundamental Analysis • Published Fri, 14 May 2021 13:25 GMT

Canada] The post Canadas Manufacturing Sales Rebound in March ...
rss: Technical Analysis • Published Fri, 14 May 2021 13:09 GMT

The decline of the GBP/USD did not reach the support of the 200-hour simple moving average on Thursday. Instead, the rate found support in the 1.4005/1.4015 zone, which had ...
rss: Technical Analysis • Published Fri, 14 May 2021 12:54 GMT

The EUR / USD pair before the opening of the American market today, on Friday, was trading above the SMA of 21 on the 4-hours chart, and above 6/8 of murray with a slight bullish bias. The Dollar Index (USDX) is at 90.50, moving away from 91.00. The de...
rss: Fundamental Analysis • Published Fri, 14 May 2021 12:42 GMT

On Friday, at 12:30 GMT, the US Retail Sales and US Core Retail Sales data were published. The US Retail Sales came in at 0.0% instead of the market ...
rss: Technical Analysis • Published Fri, 14 May 2021 11:41 GMT

Technical analysis: BTC has been trading sideways at the price of $50.000 but i still see potential for the downside continuation.Trading recommendation: Watch for potential selling opportunities with the downside targets at $45.335 and $43.075.There is t...
rss: Technical Analysis • Published Fri, 14 May 2021 11:36 GMT

Technical analysis: Goldhas been trading upside but I found strong resistance at the price of $1.840. THere is potential for the downside rotation.Trading recommendation: Watch for potential selling opportunities at $1.838 for the further downside movemen...
rss: Technical Analysis • Published Fri, 14 May 2021 11:29 GMT

Technical analysis: EUR/USD has been trading upside but I found strong resistance at the price of 1.2130. There is potential for the downside continuation.Trading recommendation: Watch for potential selling opportunities at 1.2130 for the further downside...
rss: Action Forex • Fundamental Analysis • Published Fri, 14 May 2021 11:26 GMT

Oil set for weekly losses Oil is extending losses following a steep sell-off in the previous session. Oil prices dived around 3% on Thursday, putting the black gold on track for 1.5% losses across the week. This week has been a week of two halves for oil....
rss: Action Forex • Fundamental Analysis • Published Fri, 14 May 2021 11:25 GMT

What a week! European stocks are heading higher at the end of a volatile week. Despite todays gains, bourses are set for weekly declines after US inflation jitters and falling commodity prices unnerved investors. Today, concerns over runaway US inflation ...
rss: Technical Analysis • Published Fri, 14 May 2021 10:50 GMT

USD/CAD found strong support at 1.2067 where it registered a new lower low. Then, it jumped above the downtrend line signaling a potential reversal.Still, we need confirmation before deciding to go long on this pair. The immediate higher high is seen a...
rss: Action Forex • Fundamental Analysis • Published Fri, 14 May 2021 10:27 GMT

Notes/Observations Risk appetite trying to regain its grove ahead of key US data. Asia: Request for canceling Tokyo Olympics said to have been submitted to various officials (including the President of the IOC), cites a statement from petition organizer a...
rss: Action Forex • Fundamental Analysis • Published Fri, 14 May 2021 10:24 GMT

The dollar seems to have hit the pause button against a number of its counterparts yesterday in a tight range bound movement as the market is weighing the inflationary pressures in the recovering US economy and increasing the pressure on the Fed to act so...
rss: Action Forex • Technical Analysis • Published Fri, 14 May 2021 10:21 GMT

Copper futures for July delivery started a new bearish phase on the four-hour chart after their impressive rally matured near a new record high of 4.883. Having crossed below its 20- and 50-period simple moving averages (SMAs), the price is currently refu...
rss: Technical Analysis • Published Fri, 14 May 2021 09:57 GMT

Technical outlook:Bitcoin might still have one more leg lower from here $50000-51000 zone towards the $41,000-43,000 mark, before finding support and turning bullish again. Please note that Fibonacci extensions are also pointing towards $41,200 and $37,00...
rss: Action Forex • Fundamental Analysis • Published Fri, 14 May 2021 09:49 GMT

The US stock market closed with growth on Thursday. S] The post The Stock Market Began To Recover After The US Federal Reserve Officials Said That The Rise In The Inflation Is Temporary appeared first on Action Forex....
rss: Technical Analysis • Published Fri, 14 May 2021 09:40 GMT

Technical Market Outlook:The EUR/USD pair has bounced from the 61% Fibonacci retracement level located at 1.2060 and is continuing to move higher. The next target for bulls is seen at the level of 1.2154 - 1.2178, which is the key short-term supply zone. ...
rss: Technical Analysis • Published Fri, 14 May 2021 09:36 GMT

Technical Market Outlook:The GBP/USD pair continues a pull-back towards the key short-term supply zone marked green on the chart (the zone between the levels of 1.4000 - 1.3965) and recently hit the 38% Fibonacci retracement level located at 1.4066. The l...
rss: Action Forex • Technical Analysis • Published Fri, 14 May 2021 09:35 GMT

GBPJPY is edging across the 153.39 level, which happens to be the previous high. The price is obeying this border as negative pressures lack the backing to gain an advantage. That said the advancing simple moving averages (SMAs) are endorsing the positive...
rss: Technical Analysis • Published Fri, 14 May 2021 09:33 GMT

Technical outlook:EURUSD seems to be pulling back since yesterday to carve a lower high around 1.2120/30 levels before turning lower again. Bears are inclined to remain in control until prices stay below 1.2181 in the near term. A drop below 1.2051 would ...
rss: Technical Analysis • Published Fri, 14 May 2021 09:32 GMT

On Friday morning, the EUR/USD currency exchange rate passed the resistance of the 55 and 200-hour simple moving averages and reached above the 1.2100 level. However, almost immediately resistance was provided ...
rss: Action Forex • Fundamental Analysis • Published Fri, 14 May 2021 09:31 GMT

The New Zealand dollar has posted small gains in Friday trade. In the European session, NZD/USD is trading at 0.7190, up 0.13% on the day. The pair is down 1.22% this week and is poised to have its worst weekly performance since mid-March. NZ Manufacturin...
rss: Action Forex • Technical Analysis • Published Fri, 14 May 2021 09:29 GMT

EUR/USD has made another bullish bounce at the 21 ema zone after breaking the resistance trend line. Price action, however, is reaching a critical resistance. The EUR/USD is expected to build a larger ABC (orange) pattern in wave 4 (pink). But bearish rev...
rss: Action Forex • Fundamental Analysis • Published Fri, 14 May 2021 09:26 GMT

Cautious demand for risky assets is returning to global markets after reassurances from Fed members, dampening inflation fears. Key indices in the US and beyond are clinging to a bullish trend. Last night we saw rising demand near important support levels...
rss: Action Forex • Fundamental Analysis • Published Fri, 14 May 2021 08:44 GMT

Stocks bounce back as Fed calms tapering nerves, dollar retreats US retail sales today could spark another round of volatility Bank of Canada chief talks down loonie, FX market quiet overall Equity markets roar back The inflation scare on Wall Street turn...
rss: Action Forex • Technical Analysis • Published Fri, 14 May 2021 08:39 GMT

The euro currency is on the rise against the US dollar above the 1.2100 level after bulls were able to successfully defend critical trendline support, around the 1.2080 level. EURUSD traders are now awaiting US retail sales data, with a strong number need...
rss: Action Forex • Technical Analysis • Published Fri, 14 May 2021 08:37 GMT

The US dollar has pulled back from the 109.80 level against the Japanese yen currency as the greenback starts to give back Wednesdays strong gains. The four-hour time frame shows that the latest move higher could have completed the structure of a head and...
rss: Action Forex • Technical Analysis • Published Fri, 14 May 2021 08:30 GMT

Japan] The post JP 225 Index Sets Ground For An Upside Correction, Trend Signals Bearish appeared first on Action Forex....
rss: Action Forex • Technical Analysis • Published Fri, 14 May 2021 08:24 GMT

The...
rss: Action Forex • Technical Analysis • Published Fri, 14 May 2021 08:21 GMT

Gold...
rss: Action Forex • Technical Analysis • Published Fri, 14 May 2021 08:01 GMT

Key Highlights USD/JPY started a fresh increase from the 107.50 support zone. It broke a major bearish trend line with resistance near 109.10 on the daily chart. The US Initial Jobless Claims declined from 507K to 473K in the week ending May 8, 2021. The ...
rss: Action Forex • Technical Analysis • Published Fri, 14 May 2021 07:59 GMT

The yellow metal] The post GOLD Finds Support appeared first on Action Forex....
rss: Action Forex • Technical Analysis • Published Fri, 14 May 2021 07:58 GMT

The USD/JPY has revealed a minor channel down pattern, which captures the rate] The post USD/JPY Reveals Channel Down appeared first on Action Forex....
rss: Action Forex • Technical Analysis • Published Fri, 14 May 2021 07:42 GMT

The British Pound declined by 78 pips or 0.50% against the Japanese Yen on Thursday. The currency pair breached the 50 hour simple moving average during Thursday] The post GBP/JPY Bears Likley To Prevail appeared first on Action Forex....
rss: Action Forex • Technical Analysis • Published Fri, 14 May 2021 07:41 GMT

The Australian Dollar surged by 44 pips or 0.57% against the US Dollar on Thursday. The currency pair breached the support level at 0.7723 during yesterday] The post AUD/USD Could Still Edge Up appeared first on Action Forex....
rss: Action Forex • Technical Analysis • Published Fri, 14 May 2021 07:39 GMT

The common European currency declined by 44 pips or 0.33% against the Japanese Yen on Thursday. The decline was stopped by the 50 hour simple moving average during Thursday] The post EUR/JPY Remians Below 132.50 Level appeared first on Action Forex....
rss: Technical Analysis • Published Fri, 14 May 2021 07:27 GMT

Today we take a look at XAUUSD. Combining advanced technical analysis methods such as Fibonacci confluence, correlation, market structure, oscillators and demand/supply zones, we identify high probability trading setups. Price is facing bullish pressure a...
rss: Technical Analysis • Published Fri, 14 May 2021 07:25 GMT

Price is facing bullish pressure as it continues to hold above the ascending trendline support. We could see a bounce at 1st support, which is in line with 61.8% Fibonacci retracement, 78.6% Fibonacci extension and horizontal overlap support, and a furthe...
rss: Technical Analysis • Published Fri, 14 May 2021 07:24 GMT

Price is approaching 1st resistance, which is in line with 61.8% Fibonacci retracement and horizontal swing high resistance. We could potentially see a reversal at this level and further downside towards 1st support, in line with 61.8% Fibonacci retraceme...
rss: Action Forex • Technical Analysis • Published Fri, 14 May 2021 07:22 GMT

The Euro regained traction and jumped above 1.21 handle in early European trading on Friday, following repeated failure to close below pivotal Fibo support at 1.2068 (23.6% of 0.1704/1.2181 rally) that reduced risk of deeper pullback. Weaker dollar on fad...
rss: Action Forex • Technical Analysis • Published Fri, 14 May 2021 07:10 GMT

USDCAD is gaining ground over the last couple of days, following the rebound off the six-year low of 1.2240. The price found an obstacle at the red Tenkan-sen line, which is acting as strong resistance. The MACD oscillator is trying to surpass above its t...
rss: Technical Analysis • Published Fri, 14 May 2021 06:47 GMT

On Friday morning, the EUR/USD currency exchange rate passed the resistance of the 55 and 200-hour simple moving averages and reached above the 1.2100 level. However, almost immediately resistance ...
rss: Action Forex • Technical Analysis • Published Fri, 14 May 2021 06:41 GMT

Gold struggles to hold on to its gains after the US dollars latest surge. The price action has met strong selling pressure at 1845, resistance from last Februarys sell-off. It would be too soon to call a reversal, however, as the underlying momentum remai...
rss: Action Forex • Technical Analysis • Published Fri, 14 May 2021 06:37 GMT

The S] The post S&P 500 Rebounds From Daily Trendline appeared first on Action Forex....
rss: Action Forex • Technical Analysis • Published Fri, 14 May 2021 06:31 GMT

Bitcoin is trying to recover higher on the cryptocurrency market on Friday, following the recent price plunge towards the $46,000 support level. The $50,300 level is extremely important from a technical perspective as it is the neckline of a large head an...
rss: Action Forex • Technical Analysis • Published Fri, 14 May 2021 06:30 GMT

The US dollar is attempting to recover higher against the Canadian dollar after finding strong technical support around the 1.2045 level. Lower time frame analysis shows that bullish MACD divergence has formed and extends towards the 1.2200 resistance are...
rss: Action Forex • Fundamental Analysis • Published Fri, 14 May 2021 06:25 GMT

US stocks bounced back after falling sharply earlier this week. The Dow Jones, S] The post US Stocks Rebound As Investors Rush To Buy The Dips appeared first on Action Forex....
rss: Action Forex • Fundamental Analysis • Published Fri, 14 May 2021 06:04 GMT

Headlines/Economic data Australia/New Zealand ASX 200 opened flat. (AU) Australia sells A$1.0B v A$1.0B indicated in 4.25% April 2026 bonds, avg yield 0.7149%, bid to cover 3.96x. (NZ) New Zealand Apr Manufacturing PMI: 58.4 v 63.6 prior (4th month of exp...
rss: Action Forex • Fundamental Analysis • Published Fri, 14 May 2021 05:47 GMT

Asian equities were mostly higher overnight thanks to a positive lead from Wall Street, after Fed members calmed market nerves of rising inflation, helping equities to snap a three-day losing streak. Asian Indices: Australia] The post European Open: Bulli...
rss: Technical Analysis • Published Fri, 14 May 2021 05:20 GMT

The dollar index, which measures the US Dollar against a basket of major currencies, bounced off the support line at the 90.00 level on May 11. As a result, the ...
rss: Action Forex • Technical Analysis • Published Fri, 14 May 2021 04:05 GMT

Short Term Elliott Wave structure for Oil (CL) suggests the rally from March 24, 2021 low ended wave (1) at 66.75 a 5 waves diagonal Elliott Wave structure. Wave (2) pullback is currently in progress to correct cycle from March 24 low before the rally res...
rss: Action Forex • Technical Analysis • Published Fri, 14 May 2021 04:00 GMT

STOCKS Dow has managed to recover sharply from its crucial support level of 33500. A range of 33500-35000 is possible while it remains above 33500. DAX has to sustain the strong bounce seen yesterday to bring back the chances of seeing 15700-15800 and del...
rss: Technical Analysis • Published Fri, 14 May 2021 03:45 GMT

The GBP/USD pair, before the opening of the European session, on the 1-hour chart is trading above the 21 SMA and above the psychological level of 1.40. In addition, we can see that it is located above the strong support of 6/8 of murray. On the 1-hour...
rss: Technical Analysis • Published Thu, 13 May 2021 16:20 GMT

The Dollar index remains in a bearish trend. Price continues making lower lows and lower highs but recently we observed that the RSI did not follow price to new lows. Instead it provided a bullish divergence. Combined with the fact that price has formed a...
rss: Technical Analysis • Published Thu, 13 May 2021 16:15 GMT

EURUSD is trading just above 1.2060. Price is now challenging the 61.8% Fibonacci retracement of the rise from 1.1990 to 1.2180. If EURUSD continues to break below the Fibonacci support at the 61.8% level, then we should expect more downside and maybe 1.1...
rss: Technical Analysis • Published Thu, 13 May 2021 16:10 GMT

Gold price was expected to pull back towards $1,800. Price today made a low at $1,807 and is now bouncing higher towards $1,825. Price is still in bullish trend, however traders should not ignore the possibility of another move lower towards cloud support...
rss: Technical Analysis • Published Thu, 13 May 2021 16:06 GMT

Current price action in Bitcoin suggests bulls remain weak and price vulnerable to a bigger correction. Price has broken the short-term support trend line we mentioned yesterday and price is falling according to plan. The fall below $50,000 was our first ...
rss: Technical Analysis • Published Thu, 13 May 2021 16:02 GMT

In our wave analysis on Dogecoin we warned bulls that price action suggested that another sell off was expected with a target below $0.41. Price has fallen all the way towards the 50% Fibonacci retracement of the entire upward move in Dogecoin. Price rema...
rss: Technical Analysis • Published Thu, 13 May 2021 15:06 GMT

Recently, finding significant demand around 1.2000, has allowed another bullish movement to pursue towards higher price levels ( 1.2100 - 1.2130 ) where bearish rejection was previously anticipated.Although transient bullish breakout above this zone was t...
rss: Technical Analysis • Published Thu, 13 May 2021 14:56 GMT

Bearish Persistence below 1.3820 favoured bearish decline towards the 1.3600 levels. Hence, Bearish breakout below 1.3600 was needed to enhance further bearish decline towards 1.3500 and probably 1.3400.However, the GBPUSD pair was contained above the dem...
rss: Technical Analysis • Published Thu, 13 May 2021 14:52 GMT

By the end of February, Near the price level of 1.2250, Significant SELLING Pressure was found. Since then, the current downtrend has been initiated.Shortly after, the price zone around (1.1990) provided some temporary buying pressure.However, this recent...
rss: Action Forex • Fundamental Analysis • Published Thu, 13 May 2021 14:44 GMT

The US dollar has crashed below its uptrend line as its bullish narrative has once again been called into question. The shockingly big miss of the April NFP estimate has proven the Fed right and the markets wrong on the economy. Subsequently, the dollar h...
rss: Action Forex • Technical Analysis • Published Thu, 13 May 2021 14:40 GMT

Cable extended Wednesdays 0.64% fall and fell ticks ahead of psychological 1.40 support on Thursday. Fresh risk aversion on upbeat US inflation figures that fueled a fall in global equities, weighs heavily on risk sensitive pound. Bids at 1.40 zone (psych...
rss: Technical Analysis • Published Thu, 13 May 2021 14:12 GMT

Yesterday, Ethereum fell from its highs in the zone of +2/8 of murray of 4,375 to the low of $3,580. The asset showed more than a 19% fall in a single day. For several days, we were commenting that the ETH/USD pair was in the overbought zone and this down...
rss: Fundamental Analysis • Published Thu, 13 May 2021 14:12 GMT

During the week, notable events are set to start on Wednesday. On that day, the UK and Canadian Consumer Price Indices are set to be released. In addition, expect a ...
rss: Action Forex • Fundamental Analysis • Published Thu, 13 May 2021 13:21 GMT

On Thursday, the Canadian dollar has posted small gains. In the North American session, USD/CAD is trading at 1.2147, up 0.11% on the day. The Canadian dollar has been on a tear lately. USD/CAD has fallen 1.32% in May and the Canadian dollar hasnt suffere...
rss: Action Forex • Fundamental Analysis • Published Thu, 13 May 2021 13:19 GMT

Major US indices are poised to open near flat after the Dow Jones Industrial Average saw its biggest decline since January on yesterdays US CPI reading US futures Dow futures -0.3% at 33415 S] The post US Open: Stocks Stabilize, Elons About-Face appeared ...
rss: Technical Analysis • Published Thu, 13 May 2021 12:47 GMT

In the aftermath of the release of the US Consumer Price Index, the yellow metal declined until it found support in the 1,812.00/1,818.00 zone. Economic Calendar Analysis On Friday, the US Retail ...
rss: Technical Analysis • Published Thu, 13 May 2021 12:40 GMT

As the US Consumer Price Index was released on Wednesday and revealed a lot larger inflation in the United States than previously expected, the US Dollar surged against the ...
rss: Technical Analysis • Published Thu, 13 May 2021 12:32 GMT

The release of the US Consumer Price Index caused two hours of high volatility during the mid-day of Wednesday. It was followed up by a decline. By the middle ...
rss: Technical Analysis • Published Thu, 13 May 2021 12:22 GMT

As the United States released its inflation data, the EUR/USD began to trade with high volatility on Wednesday. The high volatility ended below the 200-hour SMA at the 1.2066 level. ...
rss: Action Forex • Fundamental Analysis • Published Thu, 13 May 2021 11:45 GMT

Oil snaps 4-day winning steak After 4 straight days of gains oil is moving lower on Thursday. The escalating covid crisis in India, coupled with a lower than expected draw in crude oil inventories are overshadowing the International Energy Agencys view th...
rss: Action Forex • Fundamental Analysis • Published Thu, 13 May 2021 11:44 GMT

European bourses are a sea of red following on from a deep selloff on Wall Street. US inflation jumping to its highest level in 13 years has spooked the market, whilst a sell-off in commodities is giving the bears more room to run. Inflation fears have be...
rss: Technical Analysis • Published Thu, 13 May 2021 11:18 GMT

Technical analysis: BTChas been trading downside as I expected. The second downside target has been reached at the price of $47.950. I still see potential for another downside movement..Trading recommendation: Watch for selling opportunities on the rallie...
rss: Action Forex • Fundamental Analysis • Published Thu, 13 May 2021 11:06 GMT

The USD strengthened yesterday also supported by a rise in US Treasury yields after the release of the US CPI rates for April which outperformed market expectations and increased worries for inflationary pressures. On the other hand, it should be noted th...
rss: Action Forex • Technical Analysis • Published Thu, 13 May 2021 11:00 GMT

The dollar maintains firm tone vs yen on Thursday and consolidating above the top of thick daily cloud after 0.93% advance on Wednesday (the biggest one-day rally in 2021). Strong bullish acceleration after upbeat US CPI data signaled rising inflationary ...
rss: Action Forex • Fundamental Analysis • Published Thu, 13 May 2021 10:59 GMT

Notes/Observations Growing concerns about rising inflation and higher borrowing costs weighs on risk appetite. Asia: BOJ Gov Kuroda stated in parliament that it was important to maintain steps to respond to pandemic impact on the economy unfortunately it ...
rss: Technical Analysis • Published Thu, 13 May 2021 10:58 GMT

Technical analysis: Gold has been trading downside as I expected. Gold is heading towards my main downside target at the price of $1.797.Trading recommendation: Watch for potential selling opportunities on the rallies with the target at $1.797.Additionall...
rss: Action Forex • Technical Analysis • Published Thu, 13 May 2021 10:07 GMT

The Australian Dollar has declined by 112 pips or 1.31% against the Japanese Yen since this week] The post AUD/JPY 4H Chart: Bears Likely To Prevail appeared first on Action Forex....
rss: Action Forex • Fundamental Analysis • Published Thu, 13 May 2021 09:52 GMT

The New Zealand dollar is flat in Thursday trade. In the European session, NZD/USD is trading at 0.7157, up 0.02% on the day. New Zealand dollar plunges on inflation fears It was Black Wednesday for the New Zealand dollar, which plunged 1.57%, its worst o...
rss: Action Forex • Technical Analysis • Published Thu, 13 May 2021 09:48 GMT

EURUSD is retreating after a strong bullish move earlier today, slipping below the 40-period simple moving average (SMA). The RSI is pointing down in the negative territory and the MACD is strengthening its bearish momentum below its zero level. The 20-pe...
rss: Technical Analysis • Published Thu, 13 May 2021 09:12 GMT

In the aftermath of the release of the US Consumer Price Index, the yellow metal declined until it found support in the 1,812.00/1,818.00 zone. In the near term future, the 200-hour ...
rss: Technical Analysis • Published Thu, 13 May 2021 08:55 GMT

As the US Consumer Price Index was released on Wednesday and revealed a lot larger inflation in the United States than previously expected, the US Dollar surged against the Japanese ...
rss: Action Forex • Fundamental Analysis • Published Thu, 13 May 2021 08:45 GMT

Dollar comes back fighting, stocks pummeled after US inflation surprise Traders price in Fed rate hike for next year, but its still early days Producer prices coming up today ahead of crucial retail sales tomorrow Inflation wins this round Worries around ...
rss: Technical Analysis • Published Thu, 13 May 2021 08:38 GMT

The release of the US Consumer Price Index caused two hours of high volatility during the mid-day of Wednesday. It was followed up by a decline. By the middle of ...