Thursday, September 23, 2021

The Fed Is In No Hurry Yet But Prepares To Raise Rates Faster

The US central bank kept its monetary policy unchanged at the end of the two-day meeting. This was in line with market expectations and...

Hot Stories

UK PMI composite dropped to 54.1, heading towards a bout of stagflation

UK PMI Manufacturing dropped from 60.3 to 56.3 in September, below expectation of 59.0, a 7-month low. PMI Services dropped from 55.0 to 54.6,...

US Federal Reserve Prepares To Cut Quantitative Easing Program

At yesterday’s Fed meeting, Jerome Powell said that the US central bank planned to start cutting the QE program shortly, but nothing was said...

Eurozone PMI composite dropped to 56.1, unwelcome combination of sharply slower economic growth and steeply rising prices

Eurozone PMI Manufacturing dropped from 61.5 to 58.7 in September, below expectation of 60.4, a 7-month low. PMI Services dropped from 59.0 to 56.3,...

AUDUSD Resilient Above 0.7230, But Still Under Bearish Risk

AUDUSD was unsuccessful in piercing the 0.7300 level late on Wednesday but resilient enough to hold above the familiar base of 0.7230, where the...

WTI Futures Holds A Bullish Bias But Strong Resistance Awaits Near 73.00

WTI futures are climbing above the Ichimoku cloud and the bullish crossover within the 20- and 40-day simple moving averages (SMAs), challenging again the...

Germany PMI composite dropped to 55.3, activity is beginning to level off

Germany PMI Manufacturing dropped from 62.6 to 58.5 in September, below expectation of 61.3, an 8-month low. PMI Services dropped from 60.8 to 56.0,...

Sweden Consumer Price Index (MoM) above expectations (0.2%) in July: Actual (0.4%)

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Dollar supported as fears of ramp up in Sino-U.S. trade war ease

By Tom Westbrook SINGAPORE (Reuters) - The dollar was supported on Monday in cautious trade as worries of an immediate widening of the Sino-U.S. trade...

Twitter Stock Pauses Above Uptrend Line, Loads For Next Direction

Twitter stock is currently consolidating around 32.68 – which is the 23.6% Fibonacci retracement of the down leg from 45.81 to 28.60 – capped...

MUST READ

Regulation

EUR/GBP recedes from 2019 peaks near 0.9200

After clinching fresh 2019 highs in levels just below 0.9200 the figure, EUR/GBP has given away some gains and is now hovering around the...

Asian Equity Markets Directionless

Asian equity markets are book profits ahead of the weekend A directionless session from Wall Street has set up much the same picture in...

Crude Oil Expect 58.15

Pivot (invalidation): 60.15 Our preference Short positions below 60.15 with targets at 58.65 & 58.15 in extension. Alternative scenario Above 60.15 look for further...

Eco Data 6/12/20

The post Eco Data 6/12/20 appeared first on Action Forex.

U.S. Commerce Department scales back restrictions on Huawei – Reuters

Having barred the Chinese telecom giant from doing business with the US firms, the US Commerce Department says it is creating a 90-day temporary...

Market Morning Briefing: Pound Has Risen To Trade Above 1.20 Now

STOCKS Equity indices are regaining strength across the world. The crucial long-term supports on the major indices that we had mentioned earlier are holding very well now. All major indices, the Dow, DAX, Nikkei, Shanghai,...

Market News

Room for a moderate rebound in NZD/USD – UOB

In light of the recent price action, NZD/USD could extend its recovery further north, suggested FX Strategists at UOB Group. Key Quotes 24-hour view: “We highlighted...

Gold aims to revisit 50-day SMA amid pullback in safe-havens

Traders started preferring riskier assets on comments from the US President and his Chinese counterpart. The US data and uncertainty surrounding the US-China trade deal...

ECB Lagarde: Some restrictions in Q1 considered in last economic projections

ECB President Christine Lagarde said the forecasts of 3.9% GDP growth this year in Eurozone is “still very plausible”, despite resurgent in coronavirus infections....

Silver technical analysis: At five-month highs, nears key long-term MA hurdle

Silver is solidly bid for fifth striaght day and is currently trading at $16.11, the highest level since Feb. 20. The 14-day relative strength...

The Canadian Dollar Is Trading Slightly Lower In The USD/CAD 1.254 Area

Markets Failure to take out support levels in both EUR/USD and EUR/GBP triggered return action higher in thin Summer trading conditions. EUR/USD 1.1704/1.1695 support...

LATEST POSTS

US Wrap – Downbeat Start To The Week

Near-Term Risks on the Rise Not the best start to the week for stock markets, with nerves potentially creeping in as countries battle the latest...

AUD: Forecast downgrade – ANZ

Analysts at ANZ point out that the AUD’s recent leg down has pushed it below USD0.70, which is below the trough they forecast for this...

GBP/USD Bears Needs To Close Below 1.2192

The GBP/USD is bearish. We should see a new momentum down if the price makes a close below 1.2190. The GBP/USD is in a ranging...

EUR/JPY again reverses from 120.78, risk sentiment, Kuroda’s Speech will be in the spotlight

With the recent surge in the Euro's (EUR) buying interest and the Japanese Yen’s (JPY) weakness, the EUR/JPY is taking the bids on early Monday.

Oil Rebounds, Gold Edges Higher

Oil also recovers on stimulus hopes Oil prices recovered overnight, boosted by OPEC+’s JMMC holding its nerve on production cuts, and rising expectations that a...

NZ Dollar Dips, All Eye on FOMC

The New Zealand dollar is in negative territory in the Wednesday session. Currently, NZD/USD is trading at 0.7032, down 0.31% on the day. NZ dollar...

USDCAD Heavily Bearish

Technical analysis The price action surrounding the USDCAD pair looks heavily bearish and large drop below the 1.2500 level could take place anytime. The Commodity...

US Sec. of State Pompeo: US does not want war with Iran

In an interview with Fox News, the U.S. Secretary of State, Mike Pompeo, said that the U.S. does not want a war with Iran. Regarding...