XRPUSD Bullish Bias
Technical analysis The XRPUSD pair has broken sharply to the upside and is fast approaching its key 200-day moving average, which is located close to the 0.7700 level. According to the MACD indicator on the daily time frame the XRPUSD...
Dollar Soft after Selloff, Euro Awaits GDP
Dollar suffered another round of selloff overnight and stays soft. Mild risk aversion in Asia is not helping the greenback much. But commodity currencies are following closely, in particular Aussie and Kiwi, as the next worst performers for the week....
Nasdaq futures fall more than 1% as stocks try to round out strong July
Matteo Colombo | DigitalVision | Getty Images Futures contracts tied to the major U.S. stock indexes fell in the overnight session as a soft earnings report from Amazon threatened to dampen an otherwise strong month ahead of July’s final day...
Pending home sales drop in June — more evidence of a housing turnaround
A real estate for sale sign shows the home as being “Under Contract” in Washington, DC, November 19, 2020. Saul Loeb | AFP | Getty Images Pending sales of existing homes in June as measured by signed contracts fell 1.9%...
US Q2 GDP Much Worse than Expected, But Really that Bad for Traders?
Gross Domestic Product (GDP) is an exciting number for headlines, as it shows how much growth was produced in a quarter (or year). However, for traders and investors, the print usually isn’t “tradable”, as it is a backwards looking economic...
U.S. GDP rose 6.5% last quarter, well below expectations
The U.S. economy rose at a disappointing rate in the second quarter, the Commerce Department reported Thursday in a sign that the U.S. has escaped the shackles of the Covid-19 pandemic but still has more work to do. Gross domestic...
GBPAUD Fiercely Exits Range Area after a Year
GBPAUD knocked the wall around 1.8525 to fiercely exit the one-year-old range area and peak at a 14-month high of 1.8924 on Wednesday. Having snapped the 38.2% Fibonacci retracement of the 2020 massive sell-off (2.0845 – 1.7413), the pair could...
US: Robust Consumer Spending Drives GDP growth in Q2
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...
Dollar Drops Further after GDP and Job Misses, Gold Surges
Dollar’s decline continues and accelerates a little in early US session after weak economic data. Gold is also accelerating upwards, in tandem with the greenback’s movements. Yen is following as second worst for now, following recovery in European stocks and...
Stocks making the biggest moves premarket: Comcast, Merck, Tempur Sealy, Yum and others
Check out the companies making headlines before the bell: Comcast (CMCSA) – Comcast rose 1.9% in the premarket after reporting adjusted quarterly earnings of 84 cents per share, beating the consensus estimate of 67 cents. The NBCUniversal parent also reported...
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