ActionForex.com
May 27 21:59 GMT

Sponsors

Forex Expos

Action Insight: Market Overview

Action Insight is the most popular section of the site, read by traders around the world. Our team of analysts work around the clock, analyzing the markets from technical and fundamental perspectives in providing the reports in this section to you.



US Session: Orders and Options Watch Print E-mail
Market Overview | Written by ActionForex.com | May 27 16 14:45 GMT
EUR: The single currency slipped today and bids at 1.1170 as well as 1.1150-55 were filled but buy orders are reported at 1.1120-30, 1.1100-05, 1.1080 and 1.1065, buying interest should emerge around 1.1050, 1.1030 and 1.1000. On the upside, offers are seen at 1.1170-80, 1.1200 and 1.1220-30 (stops above), selling interest is tipped at 1.1250 (sizeable), 1.1280-85, 1.1300 and 1.1325, mixture of offers and stops is located at 1.1355-60.
Read more...
 
Mid-Day Report: Dollar Higher Against Euro as Fed Yellen Awaited Print E-mail
Market Overview | Written by ActionForex.com | May 27 16 13:12 GMT
Dollar regains some ground against European majors before weekly close as markets await comments from Fed chair Janet Yellen. EUR/USD is back at 1.115 after recovering to 1.1216 earlier this week and is heading back to recent lower at 1.1128. USD/CHF is also back at 0.99 after dipping to 0.9871 and is having 0.9937 resistance in sight. Nonetheless, strength in the greenback against Yen and commodity currencies is not too apparent. Released from US, Q1 GDP growth was revised higher to 0.8% annualized, below expectation of 0.9%. GDP price index was revised lower to 0.6% versus expectation of 0.7%.
Read more...
 
European Session: Orders and Options Watch Print E-mail
Market Overview | Written by ActionForex.com | May 27 16 11:15 GMT
EUR: The single currency continued meeting resistance around 1.1200 and offers are still noted at 1.1200-10, 1.1230 and 1.1250 (sizeable), selling interest is tipped at 1.1280-85, 1.1300 and 1.1325, mixture of offers and stops is located at 1.1355-60. On the downside, bids are seen at 1.1170, 1.1150-55 and 1.1120-30, buy orders are expected at 1.1100-05, 1.1080 and 1.1065, buying interest should emerge around 1.1050, 1.1030 and 1.1000. Option expires today include: 1.0900 (large), 1.1000 (over 1 bln), 1.1025, 1.1040, 1.1050, 1.1055, 1.1090, 1.1100 (large), 1.1135, 1.1150 (over 1 bln), 1.1200 (large), 1.1250 (large), 1.1290 (large), 1.1295 (large), 1.1300 (large), 1.1310, 1
Read more...
 
Daily Report: Dollar Consolidation Continues as Focus Turns to Fed Yellen Print E-mail
Market Overview | Written by ActionForex.com | May 27 16 08:37 GMT
The forex markets are relatively steady today as with mildly weakness seen in commodity currencies. In particular, Canadian dollar pares back some of this week's gain as WTI crude oil fails to sustain above 50 handle after breaching it briefly. Dollar continues to consolidate but the retreat is shallow so far. Fed officials continued to lay the groundwork for a rate hike in near term. Fed governor Jerome Power said yesterday that the economy was on a "solid footing" and "there are good reasons to think that underlying growth is stronger than these recent readings suggest". Also "if incoming data support these expectations, I would see it as appropriate to continue to gradually raise the federal funds rate."
Read more...
 
US Session: Orders and Options Watch Print E-mail
Market Overview | Written by ActionForex.com | May 26 16 14:17 GMT
EUR: The single currency rebounded after marginal fall to 1.1129 yesterday, offers at 1.1185 were filled but sell orders are still noted at 1.1200, 1.1230 and 1.1250 (sizeable), selling interest is tipped at 1.1280-85, 1.1300 and 1.1325, mixture of offers and stops is located at 1.1355-60. On the downside, bids are seen at 1.1150-55, 1.1125-30 and 1.1100, buy orders are expected at 1.1080, 1.1065 and 1.1050, buying interest should emerge around 1.1030 and 1.1000. Option expires today include: 1.1100, 1.1150 (large) and 1.1250.
Read more...
 
Mid-Day Report: Dollar Steady after Solid Data, Canadian Jumps With Oil Print E-mail
Market Overview | Written by ActionForex.com | May 26 16 12:54 GMT
Dollar is generally steady in early US session as consolidations continue in spite of positive economic data. Meanwhile, Canadian dollar jumps further as WTI crude oil extends recent rise and breaches 50 handle. US headline durable goods orders rose 3.4% in April versus expectation of 0.3%. That was powered by 65% spike in commercial aircraft sales. Ex-transport orders rose 0.4% versus expectation of 0.1%. Initial jobless claims dropped 10k to 268k in the week ended May 21, below expectation of 275k. The four week moving average rose 2.75k to 278.5k. Continuing claims rose 10k to 2.16m in the week ended May 14.
Read more...
 
European Session: Orders and Options Watch Print E-mail
Market Overview | Written by ActionForex.com | May 26 16 09:50 GMT
EUR: The single currency rebounded after marginal fall to 1.1129 yesterday, offers at 1.1185 were filled but sell orders are still noted at 1.1200, 1.1230 and 1.1250 (sizeable), selling interest is tipped at 1.1280-85, 1.1300 and 1.1325, mixture of offers and stops is located at 1.1355-60. On the downside, bids are seen at 1.1150-55, 1.1125-30 and 1.1100, buy orders are expected at 1.1080, 1.1065 and 1.1050, buying interest should emerge around 1.1030 and 1.1000. Option expires today include: 1.1100, 1.1150 (large) and 1.1250.
Read more...
 
Daily Report: Dollar Pares Gain as Focus Turns to Durable Goods Print E-mail
Market Overview | Written by ActionForex.com | May 26 16 06:51 GMT
Dollar continues to pare recent gains boosted by Fed hike expectations, except versus Euro, Aussie and Kiwi. New York Fed economists wrote in a blog post published yesterday noting that Fed's delayed rate hike helped " substantially offset the effect of tightening financial conditions on the economy" seen earlier this year. And, "FOMC communication early in 2016 was likely an important factor in the re-normalization of financial conditions". And with the help of reversal in credit spreads, "the restrictive effect on GDP growth in the current quarter is expected to be much more modest than it would otherwise have been." The post echoed views that the tightening in financial conditions is probably over and Fed could now be back on track to start removing policy accommodations again.
Read more...
 
Mid-Day Report: Canadian Dollar Surges after BoC on Hold Print E-mail
Market Overview | Written by ActionForex.com | May 25 16 14:25 GMT
Canadian dollar jumps in early US session after BoC left overnight rate target unchanged at 0.50% as widely expected. The central bank noted in the statement that "the second quarter will be much weaker than predicted because of the devastating Alberta wildfires", taking away 1.25% off real GDP growth in Q2. But Q3 would see a rebound as oil production resumes and reconstruction begins. Meanwhile, Canadian dollar is "now close to the level assumed in April." And overall, "the risks to the Bank's inflation projection remain roughly balanced." Canadian dollar is also supported by rally in oil prices with WTI crude oil hitting as high as 49.54 so far. From US, trade deficit widened slightly to USD -57.5b in April, house price index rose 0.7% mom in March.
Read more...
 
US Session: Orders and Options Watch Print E-mail
Market Overview | Written by ActionForex.com | May 25 16 14:23 GMT
GBP: The British pound surged again today, offers at 1.4670, 1.4685 and 1.4700 were filled but sell orders are still noted at 1.4730 and 1.4750. On the downside, bids are seen at 1.4650-60, 1.4615-20 and 1.4600, buy orders are expected at 1.4585, 1.4550 and 1.4500-10, buying interest is tipped at 1.4480 and 1.4465, fresh demand should emerge around 1.4450, 1.4420-25 and 1.4400.
Read more...
 
European Session: Orders and Options Watch Print E-mail
Market Overview | Written by ActionForex.com | May 25 16 11:56 GMT
EUR: The single currency has remained under pressure, however, bids are still noted at 1.1125-30 and 1.1100, buying interest is tipped at 1.1080, 1.1065 and 1.1050, buy orders are reported at 1.1030 and 1.1000. On the upside, offers are seen at 1.1160-65 1.1200 and 1.1220-30, sell orders are expected at 1.1250, 1.1280-85 and 1.1300, selling interest should emerge around 1.1325, 1.1355-60 (sizeable) and 1.1380. Option expires today include: 1.1100, 1.1150 and 1.1200.
Read more...
 
Daily Report: Risk Appetite Returns, Dollar Lost Some Momentum Print E-mail
Market Overview | Written by ActionForex.com | May 25 16 04:15 GMT
While markets are adding to speculations of Fed rate hike in June or July, US equities staged a strong rally overnight led by tech stocks. DJIA closed up 213.12 pts, or 1.22%, at 17706.05. S&P 500 closed up 28.02 pts, or 1.37%, at 2076.06. The developments reversed recent near term bearish signals and turn focuses back to historical highs in the indices. The bullish sentiments carry on in Asian session as Nikkei is trading up 1.8%, Hong HSI up 2.5% at the time of writing. WTI crude oil finally broke out from recent range and surges to as high as 49.35 so far, heading to 50 psychological level. Gold, on the other hand, dips to as low as 1223.4 on dollar strength and risk appetite in stocks. Dollar index is losing some upside momentum after hitting 95.66.
Read more...
 
US Session: Orders and Options Watch Print E-mail
Market Overview | Written by ActionForex.com | May 24 16 15:25 GMT
EUR: The single currency has dropped again today, bids at 1.1150-60 were filled but buy orders are still noted at 1.1125-30 and 1.1100, buying interest is tipped at 1.1080, 1.1065 and 1.1050. On the upside, offers are lowered to 1.1180-90, 1.1220-30 and 1.1250, sell orders are expected at 1.1280-85, 1.1300 and 1.1325, selling interest should emerge around 1.1355-60 (sizeable), 1.1380 and 1.1400.
Read more...
 
Mid-Day Report: Sterling Surges as Brexit Risks Fade, Dollar Firm Print E-mail
Market Overview | Written by ActionForex.com | May 24 16 12:57 GMT
Dollar is extending rally against other major currencies as supported by speculations of June/July rate hike. Nonetheless, the greenback is overwhelmed by strength in Sterling, which is boosted by fading worries over Brexit. According to a poll from ORB on EU referendum in UK, 55% support staying in the union while 42% support leaving. Euro, on the other hand, is weighed down by much weaker than expected ZEW readings. EUR/GBP takes out recent support at 0.7648 today. In other markets, WTI crude oil strengthens mildly today but stays in range below 49 handle. Gold drops further on Dollar strength and breaks 1240 handle.
Read more...
 
European Session: Orders and Options Watch Print E-mail
Market Overview | Written by ActionForex.com | May 24 16 11:54 GMT
EUR: The single currency has fallen again in European morning, bids at 1.1180 were filled but buy orders are still noted at 1.1150-60, 1.1125-30 and 1.1100, buying interest is tipped at 1.1080, 1.1065 and 1.1050. On the upside, offers are seen at 1.1200, 1.1230 and 1.1250, sell orders are expected at 1.1280-85, 1.1300 and 1.1325, selling interest should emerge around 1.1355-60 (sizeable), 1.1380 and 1.1400. Option expires today include: 1.1055, 1.1150, 1.1190, 1.1250 (large), 1.1275, 1.1300 and 1.1380 (large).
Read more...
 
Daily Report: Dollar Supported by Continuous Chorus of Fed Hawks Print E-mail
Market Overview | Written by ActionForex.com | May 24 16 03:11 GMT
Dollar stays firm in Asian session as supported by comments by Fed officials. Philadelphia Fed president Patrick Harker joined the chorus of hawkish Fedspeaks. He said that "I can easily see the possibility of two or three rate hikes over the remainder of the year." Regard the hot topic of June hike, he said that "if the data comes in and it's not that consistent with my view of the strength in the economy, then I would pause, but otherwise, I think a June rate increase is appropriate." He also noted that "if the economy follows the path I expect it to follow, monetary policy will be overly accommodative by historical standards," and "that will set in motion the possibility of another risk, which is accelerating inflation and the need for aggressive policy actions."
Read more...
 
US Session: Orders and Options Watch Print E-mail
Market Overview | Written by ActionForex.com | May 23 16 14:21 GMT
EUR: The single currency dropped after meeting resistance at 1.1243, bids at 1.1200 were filled but buy orders are still noted at 1.1185, 1.1165 and 1.1150, buyers are reported at 1.1125-30 and 1.1100, buying interest is tipped at 1.1080, 1.1065 and 1.1050. On the upside, offers are seen at 1.1220-25, 1.1245-50 and 1.1280-85, sell orders are expected at 1.1300, 1.1325 and 1.1355-60 (sizeable), selling interest should emerge around 1.1380 and 1.1400.
Read more...
 
Mid-Day Report: Dollar Trying to Extend Rally on More Hawkish Fedspeaks Print E-mail
Market Overview | Written by ActionForex.com | May 23 16 12:00 GMT
Dollar is trying to pick up some strengthens against other major currencies, except Yen, on more hawkish comments from Fed officials. St. Louis Fed president James Bullard said that "labor markets are relatively tight" and "may put upward pressure on inflation going forward." Meanwhile he criticized that markets' projections were much shallower than Fed's gradual normalization of monetary policy. And what markets are seeing are "almost no normalization. Bullard also noted that the EU referendum in UK next month will not affect FOMC's decision.
Read more...
 
European Session: Orders and Options Watch Print E-mail
Market Overview | Written by ActionForex.com | May 23 16 11:05 GMT
EUR: The single currency met resistance at 1.1243 and has retreated, however, bids are still noted at 1.1200, 1.1185 and 1.1165, buy orders are reported at 1.1150, 1.1125-30 and 1.1100, buying interest is tipped at 1.1080, 1.1065 and 1.1050. On the upside, offers are seen at 1.1250, 1.1280-85 and 1.1300, sell orders are expected at 1.1325 and 1.1355-60 (sizeable), selling interest should emerge around 1.1380 and 1.1400. Option expires today include: 1.1055, 1.1075, 1.1200 (large), 1.1250, 1.1255, 1.1275, 1.1300, 1.1305 and 1.1350.
Read more...
 
Daily Report: Markets Mixed as Another Week Starts Print E-mail
Market Overview | Written by ActionForex.com | May 23 16 02:59 GMT
The financial markets open the week mixed so far. Japanese Nikkei is trading lower by more than -1.4% as Yen rebounds. But weakness is not seen in other Asian markets. WTI crude oil is still searching for needed sustainable buying to send it through 50 handle and it's trading in range around 48. Gold is trading to stabilize around 1250 after being sold off on dollar strength last week. Dollar index is holding in range above 95 for the moment and is waiting for fresh stimulus for another rally. Nonetheless, the greenback remains the strongest major currency this month as boosted by revived speculation of rate hike in June. Sterling follows as the second strongest as Brexit worries subsides and commodity currencies are weakest ones.
Read more...
 
<< Start < Prev 1 2 3 4 5 6 7 8 9 10 Next > End >>

Page 1 of 179
Facebook MySpace Twitter Digg Delicious Google Bookmarks 

Forex Brokers

Action Insight Newsletter
ActionForex.com © 2016 All rights reserved.