ActionForex.com
Aug 28 00:25 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.



Weekly Review and Outlook: Dollar Broadly Higher as Markets Increased Bets on Fed Hike Print E-mail
Market Overview | Written by ActionForex.com | Aug 27 16 10:43 GMT
Dollar ended the week as one of the strongest major currency, next to Sterling. Markets initially hesitated in their reactions to Fed chair Janet Yellen's speech in Jackson Hole symposium. But traders made up their mind soon as the upbeat comments from a known dove Yellen should have solidified the case for rate hike in near term. That also added to hawkish comments from other important Fed officials like vice chair Stanley Fischer. Traders then pushed g Dollar and treasury yield higher while futures priced more chance of Fed hike in near term. Fed fund futures ended the week indicating 33% chance of a September hike and 59.1% chance of hike by December. The greenback will now turn into August employment data to be released this Friday for more guidance.
Read more...
 
Mid-Day Report: Yellen Said Case for Rate Hike Strengthened, But Dollar Falls Print E-mail
Market Overview | Written by ActionForex.com | Aug 26 16 14:21 GMT
Fed chair Janet Yellen said in the highly anticipated Jackson Hole symposium that "in light of the continued solid performance of the labor market and our outlook for economic activity and inflation, I believe the case for an increase in the federal funds rate has strengthened in recent months." Meanwhile, "FOMC continues to anticipate that gradual increases in the federal funds rate will be appropriate over time". However, dollar bulls seem to be dissatisfied with the lack of solid indication on the timing of the next hike. The greenback suffers some selling after initial knee jerk reactions.
Read more...
 
Daily Report: Markets Range Bound ahead of Fed Chair Yellen's Speech Print E-mail
Market Overview | Written by ActionForex.com | Aug 26 16 03:21 GMT
The financial markets are staying in tight range as markets are waiting for rate clues from Fed chair Janet Yellen in her speech in Jackson Hole symposium today. DJIA closed -0.18% lower at 18448.41 overnight, slightly below last week's low of 18468.68. S&P 500 closed down -0.14% at 2172.47, above last week's low at 2168.5. 10 year yield ended at 1.577, well inside recent range of 1.52/58. Gold is notably lower this week, down from around 1350 to current 1325 but stays well above 1300 handle. Crude oil also stays in range of 46.42/48.40. In the currency markets, Sterling is generally higher this week a long with commodity currencies. Dollar stays mixed.
Read more...
 
US Session: Orders and Options Watch Print E-mail
Market Overview | Written by ActionForex.com | Aug 25 16 14:10 GMT
EUR: The single currency edged higher after recovering from yesterday's low of 1.1245, however, offers are still noted at 1.1300, 1.1320-25 and 1.1350-55, selling interest is tipped at 1.1380-85 and 1.1400 (sizeable). On the downside, bids are seen at 1.1250-60 (stops below 1.1240-45), 1.1230 and 1.1200, buy orders are expected at 1.1185 and 1.1150, buying interest should emerge around 1.1130 and 1.1100.
Read more...
 
Mid-Day Report: Dollar Mildly Higher after Upbeat Data Print E-mail
Market Overview | Written by ActionForex.com | Aug 25 16 12:55 GMT
Dollar is mildly higher today after better than expected economic data. Durable good orders rose 4.4% in July versus expectation of 3.4%. Ex-transport orders rose 1.5% versus expectation of 0.2%. Initial jobless claims dropped 1k to 261k in the week ended August 20, below expectation of 265k. Continuing claims dropped 30k to 2.15m in the week ended August 13. Forex traders will await Fed chair Janet Yellen's speech in Jackson Hole symposium tomorrow. There are speculations that based on other recent hawkish Fedspeaks, Yellen might signal that Fed is ready for another hike and paint an optimistic outlook.
Read more...
 
European Session: Orders and Options Watch Print E-mail
Market Overview | Written by ActionForex.com | Aug 25 16 09:43 GMT
EUR: The single currency recovered after falling to 1.1245 yesterday, offers at 1.1280 were filled but sell orders are still noted at 1.1300, 1.1320-25 and 1.1350-55, selling interest is tipped at 1.1380-85 and 1.1400 (sizeable). On the downside, bids are seen at 1.1250-60 (stops below 1.1240-45), 1.1230 and 1.1200, buy orders are expected at 1.1185 and 1.1150, buying interest should emerge around 1.1130 and 1.1100. Option expires today include: 1.0950 (large), 1.0975 (large), 1.1000, 1.1040, 1.1090, 1.1100, 1.1115, 1.1160, 1.1180, 1.1190, 1.1200, 1.1240, 1.1260, 1.1350 (large), 1.1400 and 1.1470.
Read more...
 
Daily Report: Dollar Mildly Firmer as Jackson Hole Awaited Print E-mail
Market Overview | Written by ActionForex.com | Aug 25 16 04:03 GMT
Dollar is mildly firmer against other major currencies, except Sterling and Kiwi. But in spite of mild strength, the greenback is staying in range. The highly anticipated Jackson Hole symposium will start today but the focus will be on Fed chair Janet Yellen's speech tomorrow. There are speculations that based on other recent hawkish Fedspeaks, Yellen might signal that Fed is ready for another hike and paint an optimistic outlook. In that case, we will likely see dollar bulls fight back. But the tone of Yellen's message is far from being certain. And traders will stay cautious ahead of the speech, with dollar treading water.
Read more...
 
US Session: Orders and Options Watch Print E-mail
Market Overview | Written by ActionForex.com | Aug 24 16 15:06 GMT
EUR: The single currency continued trading lower but buy orders are still noted at 1.1250, 1.1230 and 1.1200, buying interest should emerge around 1.1185, 1.1150, 1.1130 and 1.1100. On the upside, offers are lowered to 1.1280 and 1.1310-20, sell orders are expected at 1.1350-55 and 1.1380-85, selling interest is tipped at 1.1400 (sizeable), 1.1425-30 and 1.1450.
Read more...
 
Mid-Day Report: Sterling Higher as Recent Consolidation Extends Print E-mail
Market Overview | Written by ActionForex.com | Aug 24 16 14:00 GMT
Sterling strengthens broadly today as recent consolidative trading continues. Last week's attempt to break through recent low against Dollar and Yen failed on a string of better than expected data. The post Brexit development so far suggests that the impact isn't as bad as originally expected. And the Pound will likely stay in range with mild upside bias as sentiments stabilized. Released earlier today, UK BBA mortgage approvals dropped to 37.7k in July, below expectation of 38.5k.
Read more...
 
European Session: Orders and Options Watch Print E-mail
Market Overview | Written by ActionForex.com | Aug 24 16 10:48 GMT
EUR: The single currency slipped after meeting renewed selling interest at 1.1355 yesterday, bids at 1.1300 and 1.1280 were filled but buy orders are still noted at 1.1250, 1.1230 and 1.1200, buying interest should emerge around 1.1185, 1.1150, 1.1130 and 1.1100. On the upside, offers are lowered to 1.1310-20, 1.1350-55 and 1.1380-85, selling interest is tipped at 1.1400 (sizeable), 1.1425-30 and 1.1450. Option expires today include: 1.1100, 1.1160, 1.1165, 1.1170, 1.1190, 1.1200, 1.1205, 1.1270, 1.1375 and 1.1450.
Read more...
 
Daily Report: Forex Markets Continue to Tread Water Print E-mail
Market Overview | Written by ActionForex.com | Aug 24 16 04:00 GMT
The forex markets continue to trade without a clear direction as markets are awaiting for Fed chair Janet's clue on the timing of the next hike in federal fund rate. Meanwhile, Fed released the minutes of the discount rate meeting in July. The discount rate is the interest rate Fed charges commercial banks for emergency loans. According to the minutes, eight regional Fed banks called for a hike in the discount rate, comparing to six in June. Those include Federal reserve banks of Kansas City, Richmond, Cleveland, San Francisco, Boston, St. Louis, Philadelphia and Dallas. The minutes noted that "actual and expected strengthening in economic activity and their expectations for inflation to gradually move toward the 2 percent objective." That's seen by some analysts as a message that policy makers were prepared to move on regarding monetary policies.
Read more...
 
US Session: Orders and Options Watch Print E-mail
Market Overview | Written by ActionForex.com | Aug 23 16 14:22 GMT
EUR: The single currency edged higher and offers at 1.1320, 1.1335 and 1.1350 were filled but sell orders are still noted at 1.1380-85 and 1.1400 (sizeable), selling interest is tipped at 1.1425-30 and 1.1450. On the downside, bids are seen at 1.1310-15, 1.1290 and 1.1270 (stops below), buy orders are expected at 1.1250, 1.1230 and 1.1200, buying interest should emerge around 1.1185, 1.1150, 1.1130 and 1.1100.
Read more...
 
Mid-Day Report: Euro Soft after Mixed PMIs Print E-mail
Market Overview | Written by ActionForex.com | Aug 23 16 13:15 GMT
Dollar and Euro are so far the two weakest major currencies this week. Canadian dollar, on the other hand, recovers are oil price stabilized at around 47 handle. Eurozone PMI manufacturing dropped to 51.8 in August, below expectation of 51.2. However, Eurozone PMI services rose to 53.1, above expectation of 53.0. Germany PMI manufacturing dropped to 53.6, below expectation of 53.7. Germany PMI services also dropped to 53.3, below expectation of 54.3. France PMI manufacturing dropped to 48.5 versus expectation of 49.1. France PMI services, however, rose to 52.0, beating expectation of 50.6.
Read more...
 
European Session: Orders and Options Watch Print E-mail
Market Overview | Written by ActionForex.com | Aug 23 16 09:52 GMT
EUR: The single currency edged higher and offers at 1.1320, 1.1335 and 1.1350 were filled but sell orders are still noted at 1.1380-85 and 1.1400 (sizeable), selling interest is tipped at 1.1425-30 and 1.1450. On the downside, bids are seen at 1.1310-15, 1.1290 and 1.1270 (stops below), buy orders are expected at 1.1250, 1.1230 and 1.1200, buying interest should emerge around 1.1185, 1.1150, 1.1130 and 1.1100.
Read more...
 
Daily Report: Canadian Dollar Lower on Oil, Markets Steady Print E-mail
Market Overview | Written by ActionForex.com | Aug 23 16 04:39 GMT
The financial markets are generally steady as traders are await for Fed chair Janet Yellen's speech at Jackson Hole for clues on rate hike. DJIA closed down -23.15 pts, or -0.12% at 18529.42 but stays well inside last week's range. Similarly, S&P 500 closed down mildly by -0.19 pts, or -0.01%. Asian markets follow lower with Nikkei down -0.2% at the time of writing. Gold recovered mildly from yesterday's dip but stays soft at around 1340. The more notable movement is seen in oil price with WTI reaching as low as 46.62 comparing to last week's high at 48.75. Weakness in oil prices weigh on Canadian Dollar, which is the weakest major currency for the week so far. Other pairs are generally directionless.
Read more...
 
US Session: Orders and Options Watch Print E-mail
Market Overview | Written by ActionForex.com | Aug 22 16 14:13 GMT
EUR: The single currency found support at 1.1271 and recovered, offers at 1.1300 were filled but sell orders are still noted at 1.1320, 1.1335 and 1.1350, sellers are awaiting at 1.1380-85 and 1.1400 (sizeable), selling interest is tipped at 1.1425-30 and 1.1450. On the downside, bids are seen at 1.1290, 1.1270 and 1.1250, buy orders are expected at 1.1230, 1.1200 and 1.1185, buying interest should emerge around 1.1150, 1.1130 and 1.1100.
Read more...
 
Mid-Day Report: Dollar Lifted By Fed Fischer, Mildly Higher Print E-mail
Market Overview | Written by ActionForex.com | Aug 22 16 12:40 GMT
Dollar strengthens broadly today, except versus Sterling, as lifted by comments from Fed vice chair Stanley Fischer. But strength is limited so far as markets stay cautious ahead of Fed chair Janet Yellen's speech later in the week. Yen weakens against other major currencies as BoJ governor Haruhiko Kuroda suggests possible easing in September. Canadian dollar follows as WTI crude retreats and dips to as low as 47.09 so far. Gold also dips on dollar strength by stays in established range above 1310. In other markets, European stocks indices trading in red at the time of writing while US futures tread water.
Read more...
 
European Session: Orders and Options Watch Print E-mail
Market Overview | Written by ActionForex.com | Aug 22 16 09:56 GMT
EUR: The single currency recovered after falling to 1.1271 earlier today, however, offers are still noted at 1.1300, 1.1320 and 1.1335, sell orders are reported at 1.1350, 1.1380-85 and 1.1400 (sizeable), selling interest is tipped at 1.1425-30 and 1.1450. On the downside, bids are seen at 1.1270, 1.1250 and 1.1230, buy orders are expected at 1.1200, 1.1185 and 1.1150, buying interest should emerge around 1.1130 and 1.1100. Option expires today include: 1.1125 and 1.1345.
Read more...
 
Daily Report: Dollar Rebounds as Markets Await Fed Chair Yellen Print E-mail
Market Overview | Written by ActionForex.com | Aug 22 16 04:34 GMT
Asian markets open the week mixed with Nikkei trading mildly higher by 0.25% at the time of writing but other indices are in red. In the currency markets, Dollar pares back some of last week's lost and trades mildly higher as markets await clues on the timing of next Fed hike. Fed vice chair Stanley Fischer said that Fed is "close to our targets" and he expected GDP to "pick up in the coming quarters, as investment recovers from a surprisingly weak patch and the drag from past dollar appreciation diminishes." Also, Fischer noted that core CPI at 1.6% was "within hailing distance of 2 percent" while employment market has been "remarkably resilient". The comments suggested that Fed is still on course for another rate hike this year. But the main focus will stay on Fed chair Yellen's speech at the Jackson Hole symposium later in the week.
Read more...
 
Weekly Review and Outlook: Commodity Currencies Lower as Stocks Lost Steam, Dollar Looks Forward to Yellen Print E-mail
Market Overview | Written by ActionForex.com | Aug 20 16 13:49 GMT
Dollar ended the week broadly lower, except versus Aussie, as markets were left confused with chance of a rate hike by Fed this year. FOMC minutes gave traders no clues on the topic. Meanwhile, despite some hawkish comments from Fed officials, market aren't convinced yet. Fed fund futures ended the week pricing in 53.5% chance of a hike by December but the number is expected to continue to fluctuate. Fed chair Janet Yellen's speech in the Jackson Hole symposium this week will be closely watched that markets could yet again be disappointed. Recovery in dollar towards the end of the week was likely technical as dollar index hit channel support. The greenback would likely stays soft against Euro and Yen ahead.
Read more...
 
<< Start < Prev 1 2 3 4 5 6 7 8 9 10 Next > End >>

Page 1 of 192
Facebook MySpace Twitter Digg Delicious Google Bookmarks 

Forex Brokers

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