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Forex news is one of the most important factors in the Forex markets. This is why it is essential for traders to stay up to date on the latest news and developments. There are many sources of Forex news, including online sources, newspapers, magazines, and television. Here are some of the most popular sources for Forex news: 1. Online Forex News Sources: There are many websites that provide up to date Forex news. Some of the most popular sites include ForexLive, Forex Factory, and Forex Daily. These websites offer a range of news and analysis on the Forex markets, as well as a range of tools and resources to help traders make better decisions. 2. Newspapers: Newspapers are another great source of Forex news. Many newspapers have dedicated sections that cover the Forex markets and other financial markets. 3. Magazines: There are also a number of magazines that provide Forex news and analysis. Some of the most well-known magazines include Bloomberg, Wall Street Journal, and Financial Times. 4. Television: Television is also a great source of Forex news. Many news channels such as CNBC, Fox Business, and Bloomberg TV offer regular updates on the Fore
BTC/USD Analysis: Bulls on the Offensive - Action Forex
As we can see, Bitcoin is now trading at its highest level in nearly three weeks. Moreover, the bulls are close to reclaiming a key high from early April. Market sentiment is being buoyed, in part, by comments from Michael Saylor, who stated that MicroStrategy is prepared to continue accumulating Bitcoin. Following a recent purchase of more than 3,000 coins, the company now holds over 530,000 BTC on its balance sheet.
EUR/JPY Daily Outlook - Action Forex
Range trading continues in EUR/JPY and intraday bias stays neutral for the moment. On the upside, above 164.16 will resume the rally from 154.77 to 164.89 resistance, and then 166.67. However, decisive break of 158.27 support will bring deeper decline back to 154.77 support. Overall, sideway consolidation pattern from 154.40 is still extending.
USD/CAD Daily Outlook - Action Forex
USD/CAD's fall resumed by breaking through 1.3827 and intraday bias is back on the downside. Firm break of 100% projection of 1.4791 to 1.4150 from 1.4414 at 1.3773 will extend the decline from 1.4791 to 138.2% projection at 1.3528. On the upside, above 1.3868 minor resistance will turn intraday bias neutral again first.
EUR/USD Daily Outlook - Action Forex
EUR/USD's rally resumed by breaking through 1.1472 today and intraday bias is back on the upside. Current rise from 1.0176 should target 161.8% projection of 1.0358 to 1.0953 from 1.0731 at 1.1694 next. On the downside, below 1.1357 minor support will turn intraday bias neutral and bring consolidations again, before staging another rally.
GBP/USD Daily Outlook - Action Forex
GBP/USD's really resumed by breaking through 1.3291 and intraday bias is back on the upside. Firm break of 1.3433 will confirm larger up trend resumption and target 100% projection of 1.2099 to 1.3206 from 1.2706 at 1.3813. On the downside, below 1.3277 minor support will turn intraday bias neutral again first.