Friday, July 30, 2021

The First Estimate Of The EMU GDP

Markets Yesterday, global markets enjoined a rather calm, constructive trading session. Uncertainty on the China regulatory overhaul moved a bit to the background. The...

Hot Stories

Germany GDP grew 1.5% qoq in Q2, -3.4% below pre-pandemic level

Germany GDP grew 1.5% qoq in Q2, below expectation of 2.0% qoq. Comparing to Q2 2020, GDP was up a price-adjusted 9.6% and a...

Swiss KOF economic barometer dropped to 129.8, economy still on a strong expansion path

Swiss KOF economic barometer dropped from 133.3 to 129.8 in July. But the indicate is still clearly above the long-term average. KOF added, “the...

XAUUSD Now Bullish

Technical analysis XAUUSD has turned bullish on the four-hour time fram as a large inverted head and shoulders pattern has finally been ignited to...

USDJPY Bearish Bias

Technical analysis The daily time frame shows that the USDJPY pair is trading under the neckline of a large head and shoulders pattern, which...

USDCAD Still Bearish

Technical analysis The USDCAD pair is still sliding lower after suffering multiple heavy technical rejections from its trend defining 200-day moving average. The daily...

US Futures Lower After Disappointing Robinhood Debut

The US dollar rose slightly after relatively weak GDP data. The numbers showed that the American economy grew at a lower pace than expected....

USD/CHF consolidates gains above 0.9900, limited by 0.9950

The USD/CHF rose on Thursday, holding firm above 0.9900. The pair peaked on European hours at 0.9947 and then pulled back finding support at...

Swiss Franc Sold Off Again as Stocks Rebound, Yields Turned Mixed

Swiss Franc is in deep selloff again today as risk sentiment further stabilized in the markets. European indices rebound broadly while US futures point...

Summary 1/25 – 1/29

Monday, Jan 25, 2021 Tuesday, Jan 26, 2021 Wednesday, Jan 27, 2021 Thursday, Jan 28, 2021 Friday, Jan 29, 2021 The post Summary 1/25 –...

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Regulation

GBPUSD Eases Below 1-Year High Around 1.3500

GBPUSD is losing ground after it reached a fresh one-year high marginally below 1.3500 on Thursday. The momentum indicators suggest there is still some...

S&P 500, Nasdaq Hit Record, As Investors Await Microsoft, Google Earnings

The S&P500 and Nasdaq renewed record on Monday, as investors focus on robust first quarter earnings rather than the rising new Covid cases globally....

AUD/JPY and NZD/JPY extending rebound, to retest recent highs

AUD/JPY powers through 84.39/46 minor resistance today, as rise from 83.02 resumes. Further rally is now expected as long as 83.73 support holds. At...

Cliff Notes: Confidence Rebounds as Recovery Comes into Sight

This week we saw evidence of the economic benefit stemming from Australia’s success in containing COVID-19’s spread. A month ago Westpac reported the largest...

China Caixin Manufacturing PMI came in at 51.4, above expectations (50.2) in September

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US initial jobless claims dropped to 400k, worse than expected

US initial jobless claims dropped -24k to 400k in the week ending July 24, above expectation of 365k. Four-week moving average of initial claims rose 8k to 394.5k. Continuing claims rose 7k to 3269k in...

Market News

GBPUSD Potential Head And Shoulders

The British pound is starting to consolidate around the 1.3200 level against the US dollar currency, following a heavy technical rejection from the 1.3240...

French EU Minister: We seek a Brexit deal but not at any price

French European Affairs Minister Amélie de Montchalin was out with some comments in the last hour and said that we are seeking a Brexit...

GBPUSD Deeper Pullback

The British pound is at risk of a deeper pullback against the US dollar as the pair repeatedly struggles to move above the 1.4200...

Eurozone annual PPI slumped to -1.2% in September as expected

Annual PPI in the eurozone dropped to -1.2% in September. The EUR/USD pair largely ignored the data and continues to trade above 1.11. According to the...

LATEST POSTS

North Korean Leader Kim: Military actions send a warning to US, South Korea over military drills – KCNA

North Korea’s state media mentioned that the leader Kim Jong-un inspected that recent missile launches while releasing his comments after Tuesday’s launch on early Wednesday. Key...

Eco Data 4/21/21

The post Eco Data 4/21/21 appeared first on Action Forex.

NZD/USD: Under pressure around multi-year low amid a lack of fresh clues

NZD/USD stays on the back foot around 2015 lows. Better than forecast GDT Price Index couldn’t defy global slowdown fears, RBNZ rate-cut expectations. NZD/USD fails to cheer...

Australia capital expenditure dropped -5.9% in Q2, less severe than expected

Australia total new capital expenditure dropped -5.9% qoq in Q2 to AUD 26.13B, better than expectation of -8.2% qoq. But it’s still down -11.5% yoy...

US Dollar Falls As US Coronavirus Cases Jump By 62,000

The Japanese yen eased against the US dollar as traders reflected on the country’s machinery orders. Data from the statistics office showed that core machinery...

Gold Price Turns Bearish But $1,535 Holds The Key

Key Highlights Gold price failed to continue above $1,600 and declined heavily against the US Dollar. There was a break below a crucial ascending channel...

Aust Feb Labour Force – Momentum Was Still There Before COVID

Total employment: 26.7k from 12.9k (revised from 13.5k). Unemployment rate: 5.1% from 5.3% (unrevised 5.3%). Participation rate: 66.0% from 66.1% (unrevised 66.1%) Headlines In February:...

US Empire state manufacturing dropped to 24.3, both price indexes hit record highs

US Empire State Manufacturing general business condition dropped to 24.3 in May, down from 26.3, above expectation of 24.0. Looking at some details, new orders...

Markets have been in risk-on mode – Westpac

According to analysts at Westpac, financial markets have been in “risk-on” mode of late with optimism around global economic and political dynamics. K