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rss: Technical Analysis • Published Sun, 04 Dec 2022 14:19 GMT

On the 4-hour TF, bitcoin has surpassed the critical levels of $18,500 and its $ 17,582 "duplicate." Thus, we now have all the technical justifications needed for the cryptocurrency to continue to decline. After another fall, bitcoin may remain flat for s...
rss: Technical Analysis • Published Sun, 04 Dec 2022 14:05 GMT

Despite the passage of several weeks, the bitcoin cryptocurrency has established itself below the Fibonacci level of 127.2%, or $ 18,500, and has yet to attempt to rise above this level. This only serves to demonstrate that there are still no market bulls...
rss: Technical Analysis • Published Sun, 04 Dec 2022 13:55 GMT

The euro-dollar pair was "flying" in a 100-point price range on Friday, reacting to contradictory data on the US labor market growth. On the one hand, the NonFarm report did not disappoint: almost all components of the report came out either at the foreca...
rss: Technical Analysis • Published Sun, 04 Dec 2022 13:17 GMT

Key labor market data was released in the U.S. and Canada on Friday. Traders of dollar pairs were focused on the US NonFarm report, which turned out to be contradictory, despite the fact that many components of the report came out in the green zone. The C...
rss: Technical Analysis • Published Sun, 04 Dec 2022 12:34 GMT

Analyzing Friday trades: EUR/USD on 30M chart EUR/USD just showed paradoxical movements on Friday. Basically, all of the main movements were provoked by the NonFarm Payrolls report in the U.S. However, to start with, let's remember the fact that we ha...
rss: Technical Analysis • Published Sun, 04 Dec 2022 11:02 GMT

The NonFarm Payrolls report did not disappoint. Almost all components of the report came out either in the green zone or at the forecasted level. This result made it possible for the bears to partially regain their positions. We can assume that if the US ...
rss: Technical Analysis • Published Sun, 04 Dec 2022 10:41 GMT

U.S. employers added more jobs than projected and wages rose the most in almost a year, indicating lingering inflationary pressures that raise the likelihood of an interest rate hike by the Federal Reserve. This came as a complete surprise to the dollar b...
rss: Technical Analysis • Published Sat, 03 Dec 2022 12:46 GMT

The wave marking for the pound/dollar instrument currently appears quite confusing, but it still needs to be clarified. We have a five-wave upward trend section, which has taken the form a-b-c-d-e and may already be complete. As a result, the instrument's...
rss: Technical Analysis • Published Sat, 03 Dec 2022 12:46 GMT

The wave marking on the euro/dollar instrument's 4-hour chart still appears quite accurate. However, the entire upward portion of the trend is starting to get more complicated. It has already assumed a clear corrective and somewhat prolonged form. A-b-c-d...
rss: Technical Analysis • Published Sat, 03 Dec 2022 11:10 GMT

EURUSD hourly chart.The euro and the US market were falling after the release of the NonFarm Payrolls report.The results were higher than forecast, +264,000.The unemployment rate dropped from 3.8% to 3.7%.The report gives the Federal Reserve room for both...
rss: Technical Analysis • Published Sat, 03 Dec 2022 06:52 GMT

Long-term forecast. The GBP/USD currency pair has gained another 220 points during the current week. Powell's words could be interpreted in any way, and traders concluded that they were again not in favor of the dollar, although Powell mentioned a long...
rss: Technical Analysis • Published Sat, 03 Dec 2022 06:44 GMT

Long-term perspective.The EUR/USD currency pair has been trading higher again this week, adding approximately 150 points. Given that we have been waiting for the end of the two-year global downward trend for a long time, it does not appear to be too much....
rss: Action Forex • Fundamental Analysis • Published Sat, 03 Dec 2022 04:06 GMT

Last week had strong volatility with Powells less hawkish (dovish) speech at the Brookings Institute on Wednesday and Non-Farm Payrolls from the US on Friday....
rss: Action Forex • Fundamental Analysis • Published Sat, 03 Dec 2022 04:03 GMT

U.S. Highlights Employment rose by 0.2% month-on-month (m/m) for the fourth consecutive month in November, surpassing expectations for a moderate slowdown in job growth. Core PCE inflation for October eased slightly to 5% year-on-year (y/y), but was suppo...
rss: Action Forex • Fundamental Analysis • Published Sat, 03 Dec 2022 03:53 GMT

EU There are a number of economic releases on the calendar next week but its almost entirely made up of tier two and three data. That includes final PMIs, revised GDP and retail sales. The most notable events for the EU over the next week are speeches by ...
rss: Action Forex • Fundamental Analysis • Published Fri, 02 Dec 2022 17:15 GMT

Summary United States: Payrolls Beat Expectations, but Signs of Moderation on the Horizon Total payrolls rose by 263K in November, with the unemployment rate holding steady at 3.7% and average hourly earning rising by 0.6%. Personal income and spending in...
rss: Action Forex • Fundamental Analysis • Published Fri, 02 Dec 2022 17:13 GMT

The Bank of Canada wont hit the brakes on interest rate increases next week, but it is likely to slow them down. And we believe next weeks increase could be the last in this cycle. We expect a 25 basis point increase in the overnight rate to 4.0% from the...
rss: Technical Analysis • Published Fri, 02 Dec 2022 17:12 GMT

USD/JPY Strong Sellers!The USD/JPY pair increased a little today only because the US reported positive economic data. The Non-Farm Employment Change and Average Hourly Earnings came in better than expected. You knew from my previous analyses that the pric...
rss: Action Forex • Fundamental Analysis • Published Fri, 02 Dec 2022 17:10 GMT

A month ago, expectations were for an October Non-Farm Payrolls print of 200,000....
rss: Action Forex • Fundamental Analysis • Published Fri, 02 Dec 2022 17:08 GMT

Welcome to another edition of Forex Friday, a weekly report in which we discuss selected currency themes mainly from a macro viewpoint, but we also throw in a pinch of technical analysis here and there. In this weeks edition, we discuss the dollar after t...
rss: Technical Analysis • Published Fri, 02 Dec 2022 16:58 GMT

Bitcoin dropped a little in the short term but this could be only temporary. It could test and retest the immediate support levels before dropping again. It's located at 16,934 at the time of writing. It has dropped by 2.61% from yesterday's high to 16,80...
rss: Technical Analysis • Published Fri, 02 Dec 2022 16:31 GMT

The price of gold climbed as much as 1,804 today where it has found resistance. It crashed after the US data dump. Now, it was trading at 1,785 at the time of writing above the 1,778 daily low. After its strong sell-off, it tries to recover a little.Fund...
rss: Technical Analysis • Published Fri, 02 Dec 2022 16:21 GMT

Price levels around 1.1700 has been holding prices for a short period of time before another price decline took place towards 1.1200.Shortly after, the price zone around 1.1500 has applied significant SELLING pressure when a valid SELL Entry was offered u...
rss: Technical Analysis • Published Fri, 02 Dec 2022 16:20 GMT

In the intermediate-term, the pair is just above the newly visited price levels around 0.9600 that haven't been visited since 2002.That's why, some bullish recovery was recently demonstrated especially around such an important psychological support.The ne...
rss: Technical Analysis • Published Fri, 02 Dec 2022 16:12 GMT

Previously, the GBP/USD pair remained under bearish pressure to challenge the lower limit of the channel around 1.3000 which failed to hold prices above.Shortly after, a new daily low was established around 1.2150 which was bypassed few days after.However...
rss: Action Forex • Fundamental Analysis • Published Fri, 02 Dec 2022 15:36 GMT

A litany of central bank meetings lies ahead in the first half of December. The ball will get rolling with the Reserve Bank of Australia and the Bank of Canada next week, both of which are expected to raise interest rates again, albeit at a slower pace. M...
rss: Action Forex • Fundamental Analysis • Published Fri, 02 Dec 2022 15:33 GMT

This week, we published our latest global economic forecasts for 2023 and 2024 in The Big Picture ] The post Weekly Focus Easing Rate Hike Fears Support Market Sentiment appeared first on Action Forex....
rss: Technical Analysis • Published Fri, 02 Dec 2022 15:09 GMT

The EUR/USD pair crashed after the US reported better-than-expected data earlier. It has dropped as much as 1.0428 registering a new low. Now it was trading at 1.0479 at the time of writing. After its sell-off, it has increased a little, and now it is try...
rss: Fundamental Analysis • Published Fri, 02 Dec 2022 14:54 GMT

The United States monthly employment data has been revealed to be better than expected. The news have caused a surge of the US Dollar, which can be observed across ...
rss: Technical Analysis • Published Fri, 02 Dec 2022 14:42 GMT

Early in the American session, the British pound (GBP/USD) is trading around 1.2149. The pair is seen to fall sharply after the US Non-Farm Payrolls data.As a result of the Non-Farm Payrolls data, the British pound fell from the high of 1.2293 to the low ...
rss: Action Forex • Fundamental Analysis • Published Fri, 02 Dec 2022 14:40 GMT

The Canadian labour market added 10.1k positions in November, with full-time employment up 50.7k and part-time employment down 40.6k. The unemployment rate fell by 0.1 percentage points, to 5.1%. The participation rate also fell to 64.8% (down 0.1 percent...
rss: Action Forex • Fundamental Analysis • Published Fri, 02 Dec 2022 14:39 GMT

The U.S. economy added 263k jobs in November, coming in above the consensus forecast of 200k. Overall, revisions to the two prior months were negative, subtracting 23k from the previously reported figures. Employment gains on the service-side (+184k) were...
rss: Action Forex • Fundamental Analysis • Published Fri, 02 Dec 2022 14:38 GMT

US futures Dow futures -1.08% at 34027 S] The post Futures Dive After Strong US Jobs Report appeared first on Action Forex....
rss: Technical Analysis • Published Fri, 02 Dec 2022 14:30 GMT

Blue line- support trend linegreen lines- Fibonacci retracementsRed lines- equal size advancesBitcoin is trading around $16,910. Short-term trend is bullish as price is making higher highs and higher lows. Price broke above the 23.6% Fibonacci retracement...
rss: Technical Analysis • Published Fri, 02 Dec 2022 14:25 GMT

Blue line- resistanceGreen lines- Fibonacci retracementsSPX is trading around 4000-4020. In our previous analysis we warned bulls that price was very close to a key trend line resistance that so far has provided two rejections and trend reversals. Technic...
rss: Technical Analysis • Published Fri, 02 Dec 2022 14:21 GMT

EUR/USD 5-minute timeframeOn Thursday, EUR/USD went upwards again which cannot be explained by anything. The market carried on selling the US dollar. Previously, we tried to puzzle out what response the market could give to policy decisions of major centr...
rss: Technical Analysis • Published Fri, 02 Dec 2022 14:16 GMT

Red lines- Bearish channelBlue lines- Fibonacci extension targetsUSDJPY has finally reached our next target after 140, which was 135-134. We have updated our wave count because the RSI made a new lower low and this most usually happens with the 3rd wave ...
rss: Technical Analysis • Published Fri, 02 Dec 2022 14:07 GMT

Review : Pound Sterling is currently trading at 1.1850. However, if the trend reverses from this point, then a possible future share price target could be 1.2026. If the price of Pound Sterling is trading above 1.2026 then possibility of upside targets ge...
rss: Technical Analysis • Published Fri, 02 Dec 2022 14:00 GMT

Review :The EUR/USD pair has faced strong resistances at the levels of 1.0425 because support had become resistance on Nov. 29, 2022. So, the strong resistance has been already formed at the level of 1.0425 and the pair is likely to try to approach it in ...
rss: Technical Analysis • Published Fri, 02 Dec 2022 13:45 GMT

Blue horizontal lines- Fibonacci extension targetsGreen lines- Fibonacci retracement levelsBlue upward sloping line- support trend lineRed lines- bullish channelGBPUSD is inside a short-term bullish channel making higher highs and higher lows. In our prev...
rss: Technical Analysis • Published Fri, 02 Dec 2022 13:43 GMT

On Thursday, the GBP/USD pair continued to grow and fixed above the level of 1.2238 on the hourly chart. Thus, GBP might continue to climb towards 1.2432. If the price fixes below 1.2238, it may decline toward the Fibo level of 127.2% - 1.2111.As it was m...
rss: Technical Analysis • Published Fri, 02 Dec 2022 13:41 GMT

Green lines- Fibonacci retracementsRed line- RSI bearish divergenceEURUSD is trading above 1.05. Short-term trend remains bullish as price is approaching the first important Fibonacci resistance level at the 38% retracement at 1.0590. The RSI however prov...
rss: Technical Analysis • Published Fri, 02 Dec 2022 13:36 GMT

Green lines- Fibonacci retracement levelsRed lines- bearish RSI divergenceGold price is trading around $1,800. Short-term momentum remains bullish specially after the break above $1,763 where we got our last bullish signal. Price continues making higher h...
rss: Technical Analysis • Published Fri, 02 Dec 2022 13:33 GMT

Axel Lehmann, the chairman of Credit Suisse Group AG, stated in a recent interview that the bank's liquidity level is improving after experiencing a sharp decline a week earlier and that the bank's primary financial indicators are beginning to return to n...
rss: Action Forex • Technical Analysis • Published Fri, 02 Dec 2022 13:19 GMT

The Euro started a steady increase above the 1.0450 and 1.0480 resistance levels against the US Dollar. The EUR/USD pair gained pace above the 1.0500 level to move into a positive zone. It tested the 1.0540 zone before there was a minor downside correctio...
rss: Technical Analysis • Published Fri, 02 Dec 2022 12:37 GMT

The focus of today's trading day will be on the release (at 13:30 GMT) of the US Department of Labor's November data report. And we see trader activity and market volatility gradually decreasing after the dollar set another anti-record during today's Asia...
rss: Action Forex • Technical Analysis • Published Fri, 02 Dec 2022 12:34 GMT

GBPJPY...
rss: Technical Analysis • Published Fri, 02 Dec 2022 12:33 GMT

The string of news, which have caused a decline of the USD, have propelled the price for gold above 1,800.00. The price has passed above 1,785.20/1,786.30 zone and the 1,800.00 ...
rss: Action Forex • Technical Analysis • Published Fri, 02 Dec 2022 12:33 GMT

USDCAD had a lukewarm start to December, barely gaining bullish traction despite taking support from the 20-day simple moving average (SMA) at 1.3394. The pair has completed two consecutive negative months, charting a bearish head and shoulders pattern ar...
rss: Technical Analysis • Published Fri, 02 Dec 2022 12:29 GMT

On Friday, US stock index futures traded in a constrained range with a marginally negative value. It reflects the cautious investor sentiment on the world's financial markets ahead of a crucial monthly employment report that could provide insight into how...
rss: Technical Analysis • Published Fri, 02 Dec 2022 12:23 GMT

In my previous analytical review, I drew your attention to the level of 1.2245 and recommended entering the market from it. Let's have a look at the 5-minute chart and analyze the situation there. The pair broke through and made a top-down test of 1.2245,...
rss: Technical Analysis • Published Fri, 02 Dec 2022 12:13 GMT

In my morning review, I mentioned the level of 1.0536 and recommended entering the market from there. Let's see what happened on the 5-minute chart. While rising to 1.0536, the pair formed several false breakouts which served as buy signals. After that, t...
rss: Technical Analysis • Published Fri, 02 Dec 2022 11:54 GMT

The continuous decline of the USD/JPY has been fuelled by US fundamental data like employment numbers and inflation. In addition, central bank comments have kept the USD loosing value. By ...
rss: Technical Analysis • Published Fri, 02 Dec 2022 11:49 GMT

The publication of the Core PCE Price Index has caused a decline of the US Dollar, which is boosting the financial markets and peer currencies. On the GBP/USD charts it ...
rss: Technical Analysis • Published Fri, 02 Dec 2022 11:48 GMT

Looking at the H4 chart, my overall bias for EURUSD is bullish due to the current price being above the Ichimoku cloud, indicating a bullish market. To add confluence to this bias, price has also broken above the ascending trend line. If this bullish mome...
rss: Technical Analysis • Published Fri, 02 Dec 2022 11:44 GMT

Looking at the H4 chart, my overall bias for ADUSD is bullish due to the current price being above the Ichimoku cloud, indicating a bullish market. Expecting price to continue heading towards the 1st resistance at 0.69161, where the previous swing high is...
rss: Technical Analysis • Published Fri, 02 Dec 2022 11:44 GMT

The publication of the Core PCE Price Index at 13:30 GMT on Thursday, has caused a decline of the US Dollar, which is boosting the financial markets and peer currencies. The ...
rss: Technical Analysis • Published Fri, 02 Dec 2022 11:42 GMT

On the H4 chart, the overall bias for ETHUSD is bearish. However, the price is now above the Ichimoku cloud which might indicate a short-term shift to a bullish market. Expecting price to possibly break the 1st resistance at 1308.21, where the 38.2% Fibon...
rss: Technical Analysis • Published Fri, 02 Dec 2022 11:25 GMT

The cryptocurrency market meets Friday in a lazy mood, which is reflected in the quotes of the main cryptocurrencies. Over the past day, the market capitalization of all digital assets has decreased by almost 1%, which is a significant decrease in the cur...
rss: Technical Analysis • Published Fri, 02 Dec 2022 11:22 GMT

The string of news, which have caused a decline of the USD, have propelled the price for gold above 1,800.00. The price has passed above 1,785.20/1,786.30 zone and the 1,800.00 ...
rss: Technical Analysis • Published Fri, 02 Dec 2022 11:16 GMT

The continuous decline of the USD/JPY has been fuelled by US fundamental data like employment numbers and inflation. In addition, central bank comments have kept the USD loosing value. By ...
rss: Technical Analysis • Published Fri, 02 Dec 2022 11:11 GMT

The publication of the Core PCE Price Index has caused a decline of the US Dollar, which is boosting the financial markets and peer currencies. On the GBP/USD charts it ...
rss: Technical Analysis • Published Fri, 02 Dec 2022 11:04 GMT

The publication of the Core PCE Price Index at 13:30 GMT on Thursday, has caused a decline of the US Dollar, which is boosting the financial markets and peer ...
rss: Technical Analysis • Published Fri, 02 Dec 2022 10:52 GMT

Gold market is holding firm above $1,800 an ounce as recession fears continue to rise, and the manufacturing sector is on the verge of contraction, according to the latest report from the Institute for Supply Management (ISM).ISM said on Thursday that its...
rss: Action Forex • Technical Analysis • Published Fri, 02 Dec 2022 10:03 GMT

USD/CAD looks to US ] The post Two Trades to Watch: USD/CAD, GBP/USD appeared first on Action Forex....
rss: Technical Analysis • Published Fri, 02 Dec 2022 10:01 GMT

Let's take a look at the technical analysis of USD/JPY, USD/CHF, USDX and EUR/USD ahead of NFP Payrolls data release. The material has been provided by InstaForex Company - www.instaforex.com...
rss: Technical Analysis • Published Fri, 02 Dec 2022 10:01 GMT

At the end of November, Bitcoin lost about 16% of its value, and if seasonal patterns continue, then December also risks becoming a disappointment for the BTCUSD bulls. History shows that this has always been the case over the past decade: the cryptocurre...
rss: Action Forex • Technical Analysis • Published Fri, 02 Dec 2022 09:59 GMT

PCE was out yesterday, showed that the Inflation is stable. Also, on Wednesday speculators wanted to see if Powell will stay hawkish or be even more aggressive he was the complete opposite, despite still good jobs data in last few months (it] The post The...
rss: Action Forex • Fundamental Analysis • Published Fri, 02 Dec 2022 09:57 GMT

The Australian dollars has posted small gains today and is trading at 0.6816. After starting the week with sharp losses, AUD/USD has rebounded and hit a 13-week high on Thursday, at 0.6845. All eyes on US nonfarm payrolls Todays highlight is the US nonfar...
rss: Action Forex • Fundamental Analysis • Published Fri, 02 Dec 2022 09:56 GMT

The Canadian dollar continues to show limited movement. In the European session, USD/CAD is almost unchanged at 1.3433. We are likely to see stronger movement in the North American session, as both the US and Canada release the November employment reports...
rss: Technical Analysis • Published Fri, 02 Dec 2022 09:49 GMT

EUR/USD Higher time frames Yesterday, bulls were leading in the market. They continued to push the price higher so that the pair retested the highs from the previous week. The nearest target for bulls is now found at the monthly resistance level of 1.0611...
rss: Technical Analysis • Published Fri, 02 Dec 2022 09:48 GMT

Watch for buying opportunities on the intraday dips... The material has been provided by InstaForex Company - www.instaforex.com...
rss: Technical Analysis • Published Fri, 02 Dec 2022 09:37 GMT

Technical outlook:The US dollar index dropped through the 104.02 lows intraday on Friday, hitting our projected target at 104.30 earlier. The index has pulled back since then and is seen to be trading close to 104.20 at this point in writing. A push throu...
rss: Technical Analysis • Published Fri, 02 Dec 2022 09:05 GMT

Technical outlook:EURUSD climbed through the 1.0540-45 highs intraday on Friday, almost hitting the projected targets as discussed earlier. The single currency pair is seen to be trading close to 1.0540 at this point in writing as the bulls prepare to tak...
rss: Technical Analysis • Published Fri, 02 Dec 2022 08:38 GMT

Analysis of transactions in the GBP / USD pairThe test of 1.2107 occurred at the time when the MACD line was just starting to move up from zero, which was a good reason to buy. It resulted in a price increase of over 40 pips. As for selling from 1.2150, i...
rss: Technical Analysis • Published Fri, 02 Dec 2022 08:32 GMT

Technical analysis: BTC has been trading sideways at the price of $17.000 but there is the breakout of the supply trend-line in the background, which is sign that buyers are in control. Trading recommendation: Due to the breakout of the supply trendli...
rss: Action Forex • Technical Analysis • Published Fri, 02 Dec 2022 08:31 GMT

It is likely that the AUDUSD pair will form a bearish triple zigzag ---- in the long term, where the primary wave is a simple zigzag (A)-(B)-(C). The intermediate wave (B) of this zigzag took the form of a simple bullish zigzag A-B-C. At the moment, an i...
rss: Technical Analysis • Published Fri, 02 Dec 2022 08:30 GMT

Crypto Industry News:The German manufacturer has prepared the NFT collection, which is to consist of over 7,000 items tokens. This one will be inspired by the classic model - the Porsche 911. The tokens will hit the market in January 2023. The initiative ...
rss: Technical Analysis • Published Fri, 02 Dec 2022 08:29 GMT

Crypto Industry News:Pavel Durov, the founder and CEO of the Telegram application, believes that the demise of FTX happened because the blockchain industry recently moved away from its decentralized nature. He argued that several people abused power, whic...
rss: Action Forex • Technical Analysis • Published Fri, 02 Dec 2022 08:28 GMT

The Nasdaq 100 steadies as traders await Novembers reading on the US labour market. On the daily chart, the index has found solid support over the 20-day moving average (11500) next to the previous double top from October. The surge in conjunction with a ...
rss: Technical Analysis • Published Fri, 02 Dec 2022 08:28 GMT

Technical Market Outlook: The GBP/USD pair has hit the target level located at 1.2293 as expected and is currently consolidating the recent gains. The level of 1.2293 is the 50% Fibonacci retracement of the last big cycle down, so it is a key level for bu...
rss: Technical Analysis • Published Fri, 02 Dec 2022 08:27 GMT

Technical Market Outlook: The EUR/USD pair has been seen moving upward towards the next target for bulls seen at 161% Fibonacci extension at 1.0623. The new swing high was made at the level of 1.543 in form of a Pin Bar, so a pull-back might occur soon. T...
rss: Action Forex • Technical Analysis • Published Fri, 02 Dec 2022 08:27 GMT

The Japanese yen rallied after BoJ officials hinted at a potential exit of QE. On the daily chart, a fall below the double bottom by the June and August lows around 102.00 may cause a bearish reversal. A bearish MA cross shows an acceleration to the south...
rss: Action Forex • Technical Analysis • Published Fri, 02 Dec 2022 08:26 GMT

The US dollar continues to soften after Octobers PCE showed a deceleration. The pop above the high of 0.6290 is a confirmation that the bulls are still in control after a short-lived correction. Strong momentum may send the pair to Augusts high at 0.6460 ...
rss: Technical Analysis • Published Fri, 02 Dec 2022 08:24 GMT

Analysis of transactions in the EUR / USD pairAlthough the test of 1.0416, which occurred when the MACD line was just starting to move below zero, kicked off a sell signal, euro fell by only 15 pips, leading to losses. Buying at 1.0455 was also not good b...
rss: Technical Analysis • Published Fri, 02 Dec 2022 08:20 GMT

Technical analysis: Gold has been trading upside as I expected and the price has reached our first upside objective at $1.800. Anyway, I see potential for further growth due to the strong uspide momentum. Trading recommendation: Due to the strong upsi...
rss: Technical Analysis • Published Fri, 02 Dec 2022 08:15 GMT

Economic calendar on December 1The unemployment rate in the EU unexpectedly dropped in October to 6.5%, according to the data provided by Eurostat. Notably, analysts expected the indicator to stay at September levels of 6.6%. The difference between expect...
rss: Technical Analysis • Published Fri, 02 Dec 2022 08:15 GMT

Trend analysis (Fig. 1).The pound-dollar pair may move upward from the level of 1.2251 (closing of yesterday's daily candle) to the 1.2472 historical resistance level (blue dotted line). Upon reaching this level, a downward movement is possible to the upp...
rss: Technical Analysis • Published Fri, 02 Dec 2022 08:12 GMT

Technical analysis: GBP/USD has been trading upside as I expected and the price has reached our second upside objective at the price of 1.2300. Anyway, due to the strong upside momentum in the background, I see potential for further upside movement. Tra...
rss: Technical Analysis • Published Fri, 02 Dec 2022 08:05 GMT

Trend analysis (Fig. 1).The euro-dollar pair may move upward from the level of 1.0516 (closing of yesterday's daily candle) to the upper fractal at 1.0614 (yellow dotted line). When testing this level, a downward pullback is possible. Fig. 1 (daily chart...
rss: Action Forex • Fundamental Analysis • Published Fri, 02 Dec 2022 08:04 GMT

Markets Yesterday, the post-Powell bond rally simply continued as markets read US data as supporting the case for the Fed to slow its anti-inflationary campaign in December and maybe also at Q1 2023 meetings. US data were mixed, but in line with the recen...
rss: Technical Analysis • Published Fri, 02 Dec 2022 07:51 GMT

Markets are looking out for today's US employment data as it could signal whether the Fed will finally end its cycle of aggressive interest rate hikes. Wednesday's ADP jobs report already came in well below expectations, while Jerome Powell's recent speec...
rss: Action Forex • Fundamental Analysis • Published Fri, 02 Dec 2022 07:39 GMT

Short term Elliott Wave View in Gold (XAUUSD) suggests the rally from 9.28.2022 low is unfolding as a 5 waves impulse Elliott Wave structure. Up from 9.28.2022 low, wave 1 ended at 1729.46 and pullback in wave 2 ended at 1616.71. The metal then resumed hi...
rss: Action Forex • Fundamental Analysis • Published Fri, 02 Dec 2022 07:37 GMT

Asian Indices: Australia] The post Currency Markets Pause for NFP, Equities Pull Back appeared first on Action Forex....
rss: Action Forex • Fundamental Analysis • Published Fri, 02 Dec 2022 07:32 GMT

Sentiment was mixed at yesterdays trading session. Equity bulls were timid, while the dollar bears were in charge of the market after the latest PCE data, which is the Feds favorite gauge of inflation showed that the core PCE index slowed more than expect...
rss: Action Forex • Fundamental Analysis • Published Fri, 02 Dec 2022 07:30 GMT

Market movers today It] The post US Labour Market Takes Centre Stage appeared first on Action Forex....
rss: Technical Analysis • Published Fri, 02 Dec 2022 07:27 GMT

Traders are focused on today's NonFarm Payrolls report. Key US labor market growth data is especially important right now in light of recent events. If the data lets the dollar bulls down as well (in addition to the PCE and ISM manufacturing index), the g...
rss: Technical Analysis • Published Fri, 02 Dec 2022 06:45 GMT

Yesterday, EUR/USD generated a few signals for market entry. Let's analyze the 5-minuts chart and try to figure out what has actually happened. In the previous article, I turned your attention to the level of 1.0421 and recommended making trading decision...
rss: Technical Analysis • Published Fri, 02 Dec 2022 06:02 GMT

The euro managed to climb above the 5-month high. However, the rise could hardly be explained by a decline in the eurozone unemployment rate to 6.5% from 6.6%. Economists had expected an increase to 6.9%. Although the data was really positive, the market ...