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Finance Source: Actionforex.com

Stocks Head North as Omicron Jitters Abate

US dollar drifts higher; safe havens plummet; cyclical currencies appreciate The dollar gave up some ground early in Tuesday’s trading session as investors’ risk appetite soared amid subsiding fears over the impact of the Omicron variant on global economic growth. However, the greenback recovered and stormed higher later in the... go to Article >

GBP/JPY Weekly Outlook

1 Day ago Finance Source: Actionforex.com

GBP/JPY’s sharp decline last week suggests that rise from 148.94 has completed at 157.74, ahead of 158.19 high. Fall from 157.74 is seen as the third leg of the consolidative pattern from 158.19. Initial bias stays on the downside this week.... read more

EUR/JPY Weekly Outlook

1 Day ago Finance Source: Actionforex.com

EUR/JPY’s decline last week suggests that rebound from 127.36 has completed at 131.59. More importantly, the consolidation pattern from1 34.11 is extend with another falling leg. Initial bias stays on the downside for 127.36 and possibly further... read more

EUR/AUD Weekly Outlook

1 Day ago Finance Source: Actionforex.com

Range trading continued in EUR/AUD last week and outlook is unchanged. Initial bias remains neutral this week first. On the downside, break of 1.5559 will resume the fall from 1.6168 to retest 1.5250/5354 support zone. On the upside, however,... read more

EUR/GBP Weekly Outlook

1 Day ago Finance Source: Actionforex.com

EUR/GBP edged lower to 0.8304 last week but recovered again. Initial bias is neutral this week first. Considering bullish convergence condition in 4 hour MACD, firm break of 0.8377 will indicate short term bottoming. Intraday bias will be turned... read more

USD/CAD Weekly Outlook

1 Day ago Finance Source: Actionforex.com

USD/CAD’s late rebound and break of 1.2569 minor resistance last week suggests short term bottoming at 1.2448, after touching trend line support. Initial bias is back on the upside for 1.2619 support turned resistance first. Firm break there will... read more

AUD/USD Weekly Outlook

1 Day ago Finance Source: Actionforex.com

AUD/USD stayed in range of 0.7128/7313 last week and outlook is unchanged. Initial bias remains neutral this week first. On the upside, above 0.7313 will resume the rebound from 0.6992 to 0.7555 resistance. However, break of 0.7128 support will... read more

USD/CHF Weekly Outlook

1 Day ago Finance Source: Actionforex.com

USD/CHF stayed in consolidation above 0.9090 last week and outlook is unchanged. Initial bias stays neutral this week first. On the downside, firm break of 0.9084 support will argue that choppy rise from 0.8925 has completed. Fall from 0.9471... read more

GBP/USD Weekly Outlook

0 Days ago Finance Source: Actionforex.com

GBP/.USD’s pull back from 1.3748 extended lower last week but outlook is unchanged. Initial bias remains neutral this week for more consolidative trading. but downside of retreat should be contained by 1.3489 support to bring another rally. As... read more

USD/JPY Weekly Outlook

0 Days ago Finance Source: Actionforex.com

Considering bearish divergence condition in in daily MACD, USD/JPY is probably already in correction to whole up trend from 102.58. Initial bias remains mildly on the downside this week. Break of 113.47 will target 112.52 support first, and then... read more

EUR/USD Weekly Outlook

0 Days ago Finance Source: Actionforex.com

EUR/USD dropped sharply last week but failed to break 1.1284 support. Initial bias remains neutral this week first. Price action from 1.1185 are seen as corrective move. Break of 1.1284 will argue that larger down trend from 1.2348 is ready to... read more

Yen and Franc in Spotlights Again as Earnings Shook Markets

1 Day ago Finance Source: Actionforex.com

It’s not Omicron nor Fed rate hike, but earnings. Bullish investors appeared to have finally gave up after disappointing Netflix report last week. NASDAQ led other major indexes sharply lower, and dragged down cryptocurrencies too. Given that... read more