Action Insight Weekly Report 9-28-19

Sterling and Euro Broadly Pressured, Dollar Mixed Awaiting Trade Talks

Action Insight Weekly Report 9-28-19 Sterling and Euro Broadly Pressured, Dollar Mixed Awaiting Trade Talks Weakness in Sterling and Euro was the main directions in the forex markets last week. Dollar tried to extend recent rally but ended mixed only. Upside of the greenback was limited by persistent trade uncertainties. While commodity currencies ended higher, they have just merely turned into consolidations and pared some recent losses. A major question for the near term is whether EUR/USD's selloff would extend after making new 2019 low last week. Also, EUR/GBP appeared to have bottomed for the near term. Stronger rebound in EUR/GBP could trigger deeper selloff in the Pound elsewhere, in particular against Dollar and Yen. Full Report Here Central Bank Views | China Watch | Oil N' Gold | Special Topics EUR/USD Weekly Outlook EUR/USD breached 1.0926 low to 1.0904 last week but quickly recovered. Initial bias is neutral this week first and some more consolidations could be seen. But upside of recovery should be limited below 1.1109 resistance. Medium term down trend from 1.2555 should be resuming. Break of 1.0904 will target 1.0813 fibonacci level next. Full Report Here EURUSD | USDJPY | GBPUSD | USDCHF | AUDUSD | USDCAD EURJPY | EURGBP | EURCHF | EURAUD | GBPJPY Recommended Readings Weekly Economic and Financial Commentary: One More Ball to Juggle The Weekly Bottom Line: Political Risks Heighten Economic Uncertainty US Dollar Mixed on Trade Optimism and Impeachment News Week Ahead: US-China Trade Talks Could Overshadow RBA, NFP Low Blows and Sterling Lows Impeachment Drama Stirs the Pot in Washington, D.C. Forward Guidance: Service Sector Spillover? NotJust Yet Week Ahead – RBA Expected to Cut Again; US Jobs Report and September PMIs in Focus Too China Weekly Letter – October Trade Talks on Track But Tensions Still Run High Weekly Focus – More Bad News from the Euro Area Fundamental Analysis | Technical Analysis In-depth Reports Impeachment Drama Stirs the Pot in Washington, D.C. Case for Cut by RBA Still Strong Despite More Opaque Conclusion in Governor's Speech A US-Iran War Would Trigger A Global Recession Oil 'Supply Shock' in Context

Action Forex Company Limited | Room 804, 8/F. , Prosperity Centre, 982 Canton Road, Mongkok, Kowloon 852 Hong Kong SAR China Unsubscribe mondemand.forex@blogger.com Update Profile | About Constant Contact Sent by contact@actionforex.com in collaboration with Try email marketing for free today!