ActionForex

The US finally announced the list Chinese products to be tariffed in its Section 301 actions. China responded with strongly worded statement. But so far, market reactions are muted. After limited...

EUR/GBP Daily OutlookDaily Pivots: (S1) 0.8746; (P) 0.8763; (R1) 0.8776; ERU/GBP continues to stay in right range below 0.8796 and intraday bias remains neutral. As noted before, the cross was...

EUR/CHF Daily OutlookDaily Pivots: (S1) 1.1736; (P) 1.1750; (R1) 1.1763; Intraday bias in EUR/CHF remains neutral as consolidation from 1.1803 temporary top extends. In case of another rise,...

GBP/USD Daily OutlookDaily Pivots: (S1) 1.4014; (P) 1.4046; (R1) 1.4074; Intraday bias in GBP/USD stays neutral at this point. With 1.3982 minor support intact, further rise remains mildly in favor....

USD/JPY Daily OutlookDaily Pivots: (S1) 105.55; (P) 105.99; (R1) 106.34; With the retreat from 107.00, intraday bias in USD/JPY is turned neutral first. Another rise is mildly in favor as long as...

AUD/USD Daily OutlookDaily Pivots: (S1) 0.7641; (P) 0.7668; (R1) 0.7687; Intraday bias in AUD/USD stays neutral as it’s bounded in consolidation above 0.7642 temporary low. More sideway trading...

US equities suffered steep selling overnight with DOW losing -1.9%, S&P 500 losing -2.23%. NASDAQ was worst hit as tech rout continued and closed down -2.74%. While Asian equities opened lower and...

AUD/USD Daily OutlookDaily Pivots: (S1) 0.7662; (P) 0.7684; (R1) 0.7698; No change in AUD/USD’s outlook. With 0.7784 minor resistance intact, further decline is expected. Current fall fro...

USD/JPY Daily OutlookDaily Pivots: (S1) 106.07; (P) 106.30; (R1) 106.49; No change in USD/JPY’s outlook. With 105.31 minor support, further rebound is expected. Rise from 104.62 short term...

EUR/USD Daily OutlookDaily Pivots: (S1) 1.2290; (P) 1.2310 (R1) 1.2337; At this point, EUR/USD is still holding above 1.2285 minor support and intraday bias remains neutral. On the upside, above...

Some volatility is finally see in early US session even though there is still a lack of follow through momentum. US equities open lower with DOW losing over 150 pts, back below 24000 handle at the...

EUR/GBP Daily OutlookDaily Pivots: (S1) 0.8728; (P) 0.8747; (R1) 0.8762; Intraday bias in EUR/GBP remains neutral at this point. As the cross was supported by 0.8686 key support level, we’d...

EUR/JPY Daily OutlookDaily Pivots: (S1) 130.78; (P) 131.24; (R1) 131.93; EUR/JPY is staying in range of 128.94/132.40 and intraday bias remains neutral. Also, with 132.40 resistance intact, near term...

AUD/USD Daily OutlookDaily Pivots: (S1) 0.7643; (P) 0.7673; (R1) 0.7692; Intraday bias in AUD/USD remains on the downside as fall from 0.8135 is in progress. The pair should target 0.7500 key support...

EUR/USD Daily OutlookDaily Pivots: (S1) 1.2264; (P) 1.2342 (R1) 1.2386; While the decline from 1.2475 is deep, EUR/USD is still holding above 1.2285 minor support. Intraday bias is staying neutral...

USD/CHF Daily OutlookDaily Pivots: (S1) 0.9431; (P) 0.9470; (R1) 0.9505; USD/CHF’s rebound from 0.9186 resumed by breaching 0.9568 and intraday bias is back on the upside. At this point,...