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EUR/USD’s down trend resumed by braking through 1.1103 last week. Initial bias stays on the downside this week for 1.0904 fibonacci level. On the upside, above 1.1072 minor resistance will turn bias neutral and bring consolidations. But outlook will stay bearish as long as 1.1272 resistance holds, in case of recovery.
USD/JPY’s rise from from 152.87 resumed by breaking through 159.02 last week, but lost momentum ahead of 160.38 key structural resistance. Initial bias is turned neutral this week first. On the upside, firm break of 160.38 will target 100% projection of 152.87 to 159.02 from 156.06 at 162.21. However, break of 157.65 w
GBP/USD’s extended fall and break of 1.3271 support last week indicates that rebound from 1.3135 has completed at 1.3502 already Initial bias stays on the downside this week for 1.3135 first. Firm break there will target 1.3008 key support. On the upside, above 1.3282 minor resistance will turn intraday bias neutral. I
USD/CHF’s extended rebound last week confirms that correction from 0.8394 has completed at 0.8125 already. Initial bias remains on the upside this week. Decisive break of 0.8394 will resume whole rally from 0.7603 and target 0.8590 fibonacci level, which is close to 100% projection of 0.7948 to 0.8394 from 0.8125. On t
AUD/USD’s decline from 0.7237 continued last week. Initial bias stays on the downside this week for 0.6756 fibonacci level. Firm break there will target 100% projection of 0.7237 to 0.6893 from 0.7067 at 0.6723. On the upside, above 0.6853 minor resistance will turn intraday bias neutral first. In the bigger picture, p
USD/CAD’s rise from 1.3928 continued last week but lost momentum ahead of 1.4298 resistance. Initial bias remains neutral this week first On the upside, decisive break above 1.4298 high will resume the rally from 1.3480. Next target is 100% projection of 1.3730 to 1.4298 from 1.3928 at 1.4496. On the downside, below 1.
GBP/JPY gyrated lower last week but stayed above 209.54 support. Initial bias remains neutral this week first. On the upside, break of 213.75 will resume the rebound from 206.85, and target 217.45 resistance. However, firm break of 209.54 support will indicate that the rebound has completed, and bring retest of 206.85
EUR/JPY edged lower last week but stayed above 175.04 support. Initial bias remains neutral this week first. on the upside, above 178.46 will resume the rise from 175.04 to 181.53 resistance next. However, sustained break of 175.26/41 will carry larger bearish implications and resume the whole fall from 187.93. In the
EUR/GBP’s consolidation from 0.8320 continued last week and outlook is unchanged. Initial bias stays neutral this week. Further decline is expected as long as 0.8401 resistance holds. On the downside, firm break of 0.8320 will extend larger down trend to 138.2% projection of 0.8728 to 0.8453 from 0.8611 at at 0.8231. I
EUR/AUD’s rally from 1.5774 resumed last week after consolidations. Initial bias stays on the upside this week for 1.6334 resistance. Firm break there will target 1.6842 cluster resistance next. On the downside, below 1.6167 will turn bias neutral again. In the bigger picture, a medium term bottom could be in place at
EUR/CHF rebound from 0.9122 extended higher last week and breached 0.9258 cluster resistance (38.2% retracement of 0.9485 to 0.9122 at 0.9261). Initial bias remains neutral this week first. On the downside, break of 0.9183 will indicate the the rebound has completed, and bring retest of 0.9122 low. Nevertheless, sustai
Gold's small Friday gain concealed a disappointing rally for buyers. The $3,879 area is an immediate test, while $3,820-$3,850 could become an important battleground if selling resumes. Gold futures finished Friday, November 13, at $3,887.6 on the continuous COMEX chart. Although the session ended slightly higher, the
Last week's hawkish Fed repricing, not a flight from risk, drove yields and the Dollar higher and hit non-yielding gold and Bitcoin, while equities rose and volatility fell. Markets have now priced far more tightening than any Fed official has endorsed, so the 5% test in the two-year yield and whether the Fed validates
Canadian Highlights Bond yields have risen this week as hawkish commentary from central bankers and a hot inflation report in the U.S. raised worries about future rate increases. Canadian yields were pulled higher by U.S. financial conditions. Monday’s October inflation report will give further insight on whether risin
Next week’s U.S. data releases should point to continued resilience in consumer spending, with October retail sales expected to rise 0.2%, while housing activity remains constrained by high mortgage rates. We expect housing starts to rebound 4.0% to 1,270K after three consecutive declines. Abroad, inflation takes cente
US headline CPI rose 0.4% in October, down from 0.6% in September but above the 0.3% consensus. Core CPI rose 0.3% for a third consecutive month, pointing to persistent inflation beyond energy. A 25-basis-point Fed hike in December remains the base case. Fed Governor Christopher Waller said a 50-basis-point move could
AUDUSD: ⬇️ Sell – AUDUSD broke support zone – Likely to fall to support level 0.6675 AUDUSD currency pair recently broke the support zone between the support levels 0.6915 and 0.6865 (which reversed the price at the end of March, at the end of June and in the middle of October) and the support trendline […] The post AU
Silver: ⬇️ Sell – Silver reversed from resistance zone – Likely to fall to support level 40.00 Silver recently reversed down from the resistance zone between the resistance level 48.30 (former support which stopped wave (1) in the middle of July) and the support trendline of the daily down channel from the end of Augus
Ethereum: ⬇️ Sell – Ethereum broke support zone – Likely to fall to support level 1700.00 Ethereum cryptocurrency recently broke the support zone between the round support level 2000.00 (which stopped wave 1 at the end of July) and the support trendline of the daily down channel from the start of October. The breakout
Monday, Nov 16, 2026 Tuesday, Nov 17, 2026 Wednesday, Nov 18, 2026 Thursday, Nov 19, 2026 Friday, Nov 20, 2026 The post Summary 11/16 – 11/20 appeared first on ActionForex .
US October PPI +6.5% vs +6.6% expected Fed's Goolsbee: We're not on the way to 2% inflation and we have to deal with that Goldman Sachs: We can explain almost the entire US inflation overshoot by tariffs and the war in Iran Fed's Collins: I would think some additional policy tightening is warranted soon Fed's Daly: In
The S&P 500 is down 0.6% today and the Nasdaq down 1.0% but it's not as bad as it looks -- so long as you don't own chip stocks and some AI-related names. Most stocks in the S&P 500 are higher today with 274 up and 197 down. Similarly, the index is solidly higher on the week. The pain is on the chip side of the equatio
The old addage is: Never underestimate the spending power of the US consumer. That stance has been a remarkably good one for traders. Time after time, Americans have dug into their pockets and kept the economy churning. But never say never. San Francisco Fed President Mary Daly was just out with a comment, highlighting
Hard to say policy is restrictive enough In all likelihood, we will need to raise rates A myriad of things are pushing up inflation, which makes it concerning Bias is that rates need to go up Every single Fed official speaking lately says that rates need to go up, and yet seemingly none of them supported a rate hike tw
Earnings season is supposed to be over. Instead, next week might be the most important of the quarter for the macro view. Nvidia reports days after losing its founder. Anthropic prices what could be the largest equity deal ever. And every major US retailer reports into a rate-hike cycle. October CPI came in hot at 0.4%
Possible Fed may ahve to raise more than expected Best care scenario is 'careful adjustment' of mon pol Labor market appears on solid footing The future direction of mon pol is clear Recent inflation data less promising than I hope Inflation is too high and appears to be broadening I don't see any way the Fed doesn't h
A 22bp intra-day rise in US 2-year yields is not something you see every day. But Tuesday’s US CPI report coupled with hawkish comments from the Fed triggered a sharp sell-off in bond markets sending yields higher and EUR/USD to the lowest level in more than a year below 1.11. The CPI report showed core […] The post We
We continue to look for signs of elevated energy costs generating broader price pressures, in Canada’s October inflation report next Monday (last one before the next Bank of Canada meeting). We expect headline CPI growth to ease slightly to 3% year-over-year from 3.1% in September. Energy prices mostly held steady betw
