EURUSD Ticks Up Above SMAs, Bullish Bias
EURUSD is posting a strong upside rally after the bounce off 1.1700, holding for now above the 1.2000 psychological mark. Currently, the price is holding marginally beyond the 20-period simple moving average (SMA) and the RSI is ticking higher in...
Automakers show off flying cars in Shanghai — but Warren Buffett-backed BYD stays clear
Less than half a year since revealing a flying vehicle prototype, Chinese electric car start-up Xpeng unveiled a second model at the Shanghai auto show in April 2021. Evelyn Cheng | CNBC SHANGHAI – Flying cars may have made headlines...
Euro Mixed Ahead of ECB, Dollar Sellers Await Stock Rally
Canadian Dollar surges broadly overnight after BoC’s hawkish tapering. Yet, it’s currently still one of the weakest for the week together with Dollar. The post-meeting buying was not enough to turn the Loonie into black against others yet. As for...
Fed Monitor: Too Early for the Outcome-Based Fed to Change Rhetoric
ActionForex.com was set up back in 2004 with the aim to provide insightful analysis to forex traders, serving the trading community for over a decade. Empowering the individual traders was, is, and will always be our motto going forward. Contact...
BOC Tapers QE Program and Delivers Upbeat Economic Outlook
As we have expected, the BOC delivered a hawkish tapering of QE purchases in April. the weekly asset purchases will reduce to CAD3B/week, from CAD4B/week previously. Meanwhile, it also upgraded the economic assessments for both the country and the world....
GBP/JPY: Uphill Task Above 151.00, Key Support Nearby
Key Highlights GBP/JPY failed to surpass 152.00 and declined towards 150.00. Many hurdles are forming near 151.00 and 151.30 on the 4-hours chart. GBP/USD corrected gains after testing the 1.4000 resistance zone. The UK CPI increased 0.7% in March 2021...
Jamie Dimon says `justice was served’ after Derek Chauvin found guilty for murder of George Floyd
Jamie Dimon, CEO of JP Morgan Chase, appears on CNBC’s Squawk Box at the 2020 World Economic Forum in Davos, Switzerland on Jan. 22nd, 2020. Adam Galica | CNBC JPMorgan Chase CEO Jamie Dimon said Wednesday that “justice was served”...
GBPJPY Rests on 50-MA Within a Trading Range
GBPJPY is edging across the 50-period simple moving average (SMA) and price action appears to have become confined to the vicinity between the 50- and 200-period SMAs. All SMAs have adopted a horizontal demeanour and are endorsing the neutral price...
AUD Higher as Retail Sales Outperforms
The Australian dollar has posted gains in North American trading. AUD/USD is currently trading at 0.7754, up 0.34% on the day. On Tuesday, the pair pushed above the 0.7800 level for the first time since March 18th, but was unable to...
Dollar and Yen Fail to Extend Rebound in Mixed Markets
The financial markets are trading in mixed mode today. European stock indices are mixed while US futures point to slightly lower open. Sentiments are slightly on the risk-off side on coronavirus concerns, but selloff is so far relatively shallow. There...
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