Follow the latest analyses and key economic, financial, and global market news in this section. Our team reviews the most important market events daily and provides comprehensive insights for traders and enthusiasts.
Daily Pivots: (S1) 0.6482; (P) 0.6501; (R1) 0.6538; More… AUD/USD’s rise from 0.6420 accelerates higher today and intraday bias remains on the upside for 0.6579 resistance. Decisive break there should confirm that whole fall from 0.6706 has completed as a three wave correction. Stronger rally should then be seen back to retest 0.6706. On the […]
The post AUD/USD Daily Report appeared first on Action Forex.
New Zealand Dollar’s broad-based rally extended through today’s Asian session as a run of solid domestic data continued to bolster confidence in the country’s recovery. Strong retail sales in Q3 suggested the rebound is already underway, while the surge in business confidence and activity pointed to a more durable upturn. Together, the indicators painted a […]
The post Kiwi, Aussie Power Ahead While Dollar Sinks appeared first on Action Forex.
He’s just trying to throw out some talk that the BOJ will do what it does and not depending on the government’s fiscal plans. But when it comes to walking the walk, so far we’re still only seeing Takata and Tamura being the only dissenters in favouring a rate hike. USD/JPY is down today though to 155.87 currently, paring the gains from yesterday with sellers resuming near-term control now.
This article was written by Justin Low at investinglive.com.
It’s been a positive week for risk trades in general and that will see off investors into the Thanksgiving holiday break which starts today. The holiday typically stretches through to the weekend with US economic data releases also absent from the calendar, after having been pushed forward to yesterday.
As a reminder, both the US stock and bond markets will be closed today and will only be open for a half-day tomorrow. So, that will take out a lot of the energy and animal spirits from markets over the next two days. To our US readers who are enjoying the break, have a wonderful long weekend and happy turkey day! 🦃
This article was written by Justin Low at investinglive.com.
Markets The UK budget announcement by Chancelor of the Exchequer Reeves was hoped for to bring some clarity on the future path of UK Public finances and provide markets with some insights on what to expect on the UK economic performance over the coming years. However, the political communication process was unexpectedly perturbed by an […]
The post Sunset Market Commentary appeared first on Action Forex.
Daily Pivots: (S1) 1.3103; (P) 1.3158; (R1) 1.3221; More… GBP/USD recovers today but it’s still bounded in range of 1.3008/3247. Intraday bias remains neutral at this point. With 1.3247 support turned resistance intact, further decline is expected. On the downside, break of 1.3008 will resume the fall from 1.3725 to 138.2% projection of 1.3787 to […]
The post GBP/USD Mid-Day Outlook appeared first on Action Forex.
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