Power Forex News

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Power Forex News
2021-12-08 14:35:04: Sterling Tumbles as UK Said to Return to Restrictions, Pfizer News Lifts Sentiments https://www.actionforex.com/action-insight/market-overview/419212-sterling-tumbles-as-uk-said-to-return-to-restrictions-pfizer-news-lifts-sentiments/ Much volatility is seen in the markets today, in particular in Sterling. The Pound tumbled sharply on news that the UK Government to going to activate a plan B and impose some restrictions as soon as on Wednesday, due to spread of Omicron. Yet, sentiments recovered After Pfizer said results from an initial laboratory showed […] The post Sterling Tumbles as UK Said to Return to Restrictions, Pfizer News Lifts Sentiments (https://www.actionforex.com/action-insight/market-overview/419212-sterling-tumbles-as-uk-said-to-return-to-restrictions-pfizer-news-lifts-sentiments/) appeared first on Action Forex (https://www.actionforex.com/).
2021-12-08 14:36:04: EUR/GBP Mid-Day Outlook https://www.actionforex.com/technical-outlook/eurgbp-outlook/419217-eur-gbp-mid-day-outlook-86/ Daily Pivots: (S1) 0.8494; (P) 0.8505; (R1) 0.8520; More… EUR/GBP’s rise from 0.8379 resumed by breaking 0.8549 and intraday bias is back on the upside for 0.8593 structural resistance. Sustained break there will be the first sign of larger bullish reversal and target 0.8656 resistance next. On the downside, break of 0.8487 support is needed […] The post EUR/GBP Mid-Day Outlook (https://www.actionforex.com/technical-outlook/eurgbp-outlook/419217-eur-gbp-mid-day-outlook-86/) appeared first on Action Forex (https://www.actionforex.com/).
2021-12-08 14:37:05: USD/JPY Mid-Day Outlook https://www.actionforex.com/technical-outlook/usdjpy-outlook/419219-usd-jpy-mid-day-outlook-1229/ Daily Pivots: (S1) 113.38; (P) 113.58; (R1) 113.76; More… Intraday bias in USD/JPY remains neutral at this point. On the downside, sustained break of 112.71 will argue that it’s already correcting whole rise from 102.58. Deeper fall would be seen to 38.2% retracement of 102.58 to 115.51 at 110.57. On the upside, break of 113.94 […] The post USD/JPY Mid-Day Outlook (https://www.actionforex.com/technical-outlook/usdjpy-outlook/419219-usd-jpy-mid-day-outlook-1229/) appeared first on Action Forex (https://www.actionforex.com/).
2021-12-08 14:38:04: USD/CHF Mid-Day Outlook https://www.actionforex.com/technical-outlook/usdchf-outlook/419223-usd-chf-mid-day-outlook-1221/ Daily Pivots: (S1) 0.9228; (P) 0.9251; (R1) 0.9272; More…. No change in USD/CHF’s outlook as range trading continues. Intraday bias remains neutral at this point. On the upside, break of 0.9271 minor resistance will suggest that the pull back from 0.9372 is finished. Intraday bias will be turned back to the upside for 0.9372. On […] The post USD/CHF Mid-Day Outlook (https://www.actionforex.com/technical-outlook/usdchf-outlook/419223-usd-chf-mid-day-outlook-1221/) appeared first on Action Forex (https://www.actionforex.com/).
2021-12-08 14:48:16: Rouble firms as Biden-Putin talks soothe nerves https://www.investing.com/news/economy/rouble-firms-as-bidenputin-talks-soothe-nerves-2704341
2021-12-08 15:39:07: EURUSD moves back above hourly moving averages https://www.forexlive.com/technical-analysis/eurusd-moves-back-above-hourly-moving-averages-20211208// Recall from yesterday, the EURUSD tumbled lower and reached a low in a swing area between 1.12252 to 1.12283.  Buyers leaned against what was a floor, then a ceiling, then a floor again. The price moved higher into the close and in the process, closed just above the swing low from Friday and Monday
2021-12-08 15:40:07: USDJPY looks to retest last week's high https://www.forexlive.com/technical-analysis/usdjpy-looks-to-retest-last-weeks-high-20211208// The USDJPY is up testing last week's high at 113.954 The USDJPY started the day just above its 200 hour moving average (green line).  In the Asian session - and into the European session - the price drifted lower as stocks moved lower on concerns about omicron and UK social distancing r
2021-12-08 15:41:07: US stock indices are trading mixed in early US trading https://www.forexlive.com/news/us-stock-indices-are-trading-mixed-in-early-us-trading-20211208// After two strong gains to the upside, the NASDAQ index is trading marginally lower at the open. The S&P and Dow industrial average are up marginally and holding onto three day gains.The snapshot of the market currently shows:Dow industrial average up 25 points or 0.07% at 35743S&P index up one point
2021-12-08 15:56:37: Bank of Canada Disappoints Canadian Dollar Bulls https://www.dailyfx.com/forex/market_alert/2021/12/08/Bank-of-Canada-Disappoints-CAD-Bulls.html BoC maintains view on economic slack assessment, CAD pulls back
2021-12-08 16:04:12: GBPJPY’s Guiding Forces Fade but Bearish Bias Lingers https://www.actionforex.com/contributors/technical-analysis/419243-gbpjpys-guiding-forces-fade-but-bearish-bias-lingers/ GBPJPY is trading around the mid-Bollinger band at 150.23, curbed by the 50-period simple moving average (SMA), which continues to hamper advances even after the bounce around the 149.00 mark. The falling SMAs continue to endorse the pair’s negative trajectory that recently softened on its approach towards key support bands, which are forming a congested […] The post GBPJPY’s Guiding Forces Fade but Bearish Bias Lingers (https://www.actionforex.com/contributors/technical-analysis/419243-gbpjpys-guiding-forces-fade-but-bearish-bias-lingers/) appeared first on Action Forex (https://www.actionforex.com/).
2021-12-08 17:17:01: USDCHF tests converged 100/200 hour MAs https://www.forexlive.com/technical-analysis/usdchf-tests-converged-100200-hour-mas-20211208// The USDCHF is testing the converged 100/200 hour MAs The USDCHF moved higher yesterday, and in the process tested a swing area between 0.9265 and 0.92723. The high of that area was reached and sellers leaned. The price rotated down into the close.In trading today, the price action has bee
2021-12-08 17:18:01: EURUSD tests Friday's US job report high https://www.forexlive.com/technical-analysis/eurusd-tests-fridays-us-job-report-high-20211208// The EURUSD is testing the high from US jobs day The EURUSD has continued the run to the upside and is now testing Friday's US jobs report high at 1.13332. As outlined in a earlier post, the price moved back above the 200 hour moving average with more momentum in the early New York sess
2021-12-08 17:19:02: New highs for the AUDUSD. Looks to test the highs from last week. https://www.forexlive.com/technical-analysis/new-highs-for-the-audusd-looks-to-test-the-highs-from-last-week-20211208// AUDUSD tests a swing area up to 0.7172 The AUDUSD moved above both its 100 and 200 hour moving averages yesterday. The extension above the 200 hour moving average was the first since November 2. That was significant. The price action has continued the move to the upside in trading tod
2021-12-08 17:20:02: European indices correct lower after two days of gains https://www.forexlive.com/technical-analysis/european-indices-correct-lower-after-two-days-of-gains-20211208// The major European indices are closing lower on the day after enjoying two solid days to the upside. The provisional closes are showing German DAX, -0.8% France's CAC, -0.7% UK's FTSE 100, unchanged Spain's Ibex, -0.9% Italy's FTSE MIB, -1.3% In other markets as the London/Eur
2021-12-08 18:31:03: Bank of Canada Leaves Key Policy Rate at 0.25%, Maintains Forward Guidance https://www.actionforex.com/contributors/fundamental-analysis/419260-bank-of-canada-leaves-key-policy-rate-at-0-25-maintains-forward-guidance/ The Bank of Canada kept the overnight rate at 0.25% and states it is continuing its reinvestment phase by keeping its holdings of Government of Canada bond roughly constant. As for forward guidance, the Bank said it remained committed to holding the policy rate at the effective lower bound until economic slack is absorbed, and […] The post Bank of Canada Leaves Key Policy Rate at 0.25%, Maintains Forward Guidance (https://www.actionforex.com/contributors/fundamental-analysis/419260-bank-of-canada-leaves-key-policy-rate-at-0-25-maintains-forward-guidance/) appeared first on Action Forex (https://www.actionforex.com/).
2021-12-08 18:31:51: Canadian Dollar Price Action post-BoC: USD/CAD, CAD/JPY, Eyes on Oil https://www.dailyfx.com/forex/fundamental/daily_briefing/session_briefing/daily_fundamentals/2021/12/08/Canadian-Dollar-Price-Action-post-BoC-USD-CAD-USDCAD-CAD-JPY-CADJPY-Eyes-on-Oil.html USD/CAD is bouncing from support as CAD/JPY tests a big spot of resistance. Friday's CPI print combined with recovery in Oil prices can keep these pairs on the move ahead of FOMC next week.
2021-12-08 18:32:04: BoC Holds Steady; Mandate Renewal Still to Come https://www.actionforex.com/contributors/fundamental-analysis/419262-boc-holds-steady-mandate-renewal-still-to-come/ Overnight rate held at 0.25% and forward guidance unchanged. Economy had “considerable momentum” heading into Q4. Inflation-target renewal still to come before year end. As we expected, the BoC left its key policies unchanged today, holding the overnight rate at 0.25% and continuing its QE reinvestment policy. It maintained the forward guidance commitment not to […] The post BoC Holds Steady; Mandate Renewal Still to Come (https://www.actionforex.com/contributors/fundamental-analysis/419262-boc-holds-steady-mandate-renewal-still-to-come/) appeared first on Action Forex (https://www.actionforex.com/).
2021-12-08 18:32:52: Central Bank Watch: BOC, RBA, & RBNZ Interest Rate Expectations Update https://www.dailyfx.com/forex/fundamental/central_bank_watch/2021/12/08/central-bank-watch-boc-rba-rbnz-interest-rate-expectations-update-december-8.html Market pricing has shifted after the final BOC and RBA rate decisions of 2021.
2021-12-08 18:33:03: ECB: Eurozone Monetary Policy to Remain Relatively Accommodative, For Now https://www.actionforex.com/contributors/fundamental-analysis/419266-ecb-eurozone-monetary-policy-to-remain-relatively-accommodative-for-now/ Summary The European Central Bank’s (ECB) December 16 monetary policy announcement looms as a key event for market participants, as the central bank considers whether to bring its emergency asset purchase program to an end. Economic trends are mixed heading into the announcement, with growth slowing and inflation quickening. Still, we expect the recent spike […] The post ECB: Eurozone Monetary Policy to Remain Relatively Accommodative, For Now (https://www.actionforex.com/contributors/fundamental-analysis/419266-ecb-eurozone-monetary-policy-to-remain-relatively-accommodative-for-now/) appeared first on Action Forex (https://www.actionforex.com/).
2021-12-08 19:27:33: New dollar lows for the day vs the EUR, CHF, AUD and NZD https://www.forexlive.com/technical-analysis/new-dollar-lows-for-the-day-vs-the-eur-chf-aud-and-nzd-20211208// The USD is making new dollar lows vs the EUR, CHF, AUD and NZD. EURUSD: The EURUSD has moved above the swing high from last Friday at 1.13332 and next looks toward the Thursday high at 1.13469. Move above that, and the Wednesday high at 1.13589. USDCHF: The USDCHF moved down to test the near converg