Month: August 2021
EU CPI Surprises. Hawks Come Out!
Earlier today, the EU released its Flash CPI data for August. The YoY print was 3% vs 2.7% expected and 2.2% in July. This is the highest reading in nearly 10 years! Just as with much of the rest of the developed world, rising inflation stemmed from strong demand and supply chain issues as economies …
Gold – Can the Rally Continue?
Facing resistance around $1,833 Gold was given a helping hand by Jerome Powell and the Fed on Friday when they signalled that they can be patient on tapering and that it is not linked to interest rates. The comments brought US yields and the dollar lower and triggered a rally in gold which generally does …
Euro Rises on Inflation, ECB Talks, and German Yield
Euro jumps notably today, as supported by highest inflation reading in a decade, and hawkish comments from an ECB official, as well as rise in German yields. Though, it’s slightly outshone by Kiwi, Aussie and Swiss Franc for now. On the other hand, Dollar’s selloff continues to pick up momentum and even dips against Yen. …
Euro Rises on Inflation, ECB Talks, and German YieldRead More
Stocks making the biggest moves in the premarket: Zoom Video, Robinhood, Designer Brands and more
Take a look at some of the biggest movers in the premarket: Zoom Video (ZM) – Zoom reported quarterly earnings of $1.36 per share, 20 cents a share above estimates. Revenue also beat forecasts and topped $1 billion for the first time. Growth rates have slowed from the meteoric levels seen as the pandemic began …
August Inflation Accelerates In Euro Area
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 us: contact@actionforex.com
AUDUSD Aims To Hold Above 20-SMA, Short-Term Bias Bullish
AUDUSD looks determined to stay above its 20-day simple moving average (SMA) and the 23.6% Fibonacci level of the 0.7890 – 0.7105 downleg at 0.7290 after barely closing above that line in the past two sessions, with the price gearing up to a two-week high of 0.7340 early on Tuesday. While the Stochastics are already …
AUDUSD Aims To Hold Above 20-SMA, Short-Term Bias BullishRead More
Currency Pair Of The Week: AUD/USD Testing Resistance Ahead Of Key Data Releases
As my colleague Tony Sycamore noted earlier today, Australian traders will be closely monitoring the release of the country’s Q2 GDP report. Although the data precedes the ongoing lockdowns in Sydney and Victoria, it “…is expected to garner serious media attention because a heavy contraction in GDP in Q3 is already guaranteed due to lockdowns.” …
Currency Pair Of The Week: AUD/USD Testing Resistance Ahead Of Key Data ReleasesRead More
EUR/USD Breaks 1.18 handle on Fresh Dollar Selling
Selling of Dollar picks up momentum again in Asia today, with EUR/USD breaking through 1.18 handle finally. On the other hand, New Zealand Dollar is staging a notable rebound as Covid case number dropped to the lowest level in six days. The markets are mixed elsewhere though, with some additional strength see in Euro, followed …
Robinhood tanks after SEC chair tells Barron’s that banning payment for order flow is a possibility
Vlad Tenev, CEO and co-founder Robinhood Markets, Inc., is displayed on a screen during his company’s IPO at the Nasdaq Market site in Times Square in New York City, U.S., July 29, 2021. Brendan McDermid | Reuters Shares of Robinhood dropped Monday amid several bouts of bad news for the brokerage app. Robinhood’s stock fell …
Homebuyers sign fewer contracts in July, as high prices chill the summer market
A pending sale sign in front of a home in Miami. Getty Images Signed contracts to purchase previously owned homes fell 1.8% in July from June, according to the National Association of Realtors. Sky-high home prices have caused affordability to drop dramatically in the last several months. The median price of an existing home was …
Homebuyers sign fewer contracts in July, as high prices chill the summer marketRead More
Install your trader software at VPS server of one of the super fast providers:
Finance news
 CEO outlook dims sharply, with more than half expecting a recession ahead, survey showsCorporate executives are taking a dim view of their prospects, with a majority now expecting ... Read More  Stock futures are little changed ahead of key inflation readingStock futures were little changed in overnight trading Tuesday ahead of a key inflation reading.Futures ... Read More  From Estee Lauder to Apple, big companies say China’s Covid restrictions are hitting businessFactories in China affected by Covid lockdowns can conditionally resume work, by housing workers on-site ... Read More |
