ActionForex.com
Feb 21 02:49 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.



Mid-Day Report: Dollar Ignored Job Data, Stays Weak Print E-mail
Market Overview | Written by ActionForex.com | Mar 30 16 12:52 GMT
Dollar remains weak in early US session in spite of slightly better than expected job data. The ADP report showed private sector jobs grew 200k in March, comparing to consensus of 194k. Prior month's figure, however, was revised down from 214k to 205. Markets are expecting Friday's non-farm payroll report to show 208k growth in the same month. However, after dovish comments from Fed chair Janet Yellen yesterday, Fed would likely stay cautious regarding rate hike even in case of strong employment market performance. Currently, 30-Day Fed Fund futures are only pricing in 26% chance of a hike in June, 47% in September and 63% in December. In particular, that's much lower than around 75% chance of rate hike by December as of last week.
Read more...
 
European Session: Orders and Options Watch Print E-mail
Market Overview | Written by ActionForex.com | Mar 30 16 10:04 GMT
EUR: The single currency rallied on dollar's broad-based weakness due to dovish tone from Yellen, however, some offers are noted at 1.1330-35 (stops above 1.1340-45), 1.1360 and 1.1380, sell orders are reported at 1.1400, 1.1430 and 1.1450. On the downside, bids are raised to 1.1300, 1.1275-80 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. Option expires today include: 1.1050 (large), 1.1090, 1.1100, 1.1210 (large), 1.1220 (large), 1.1250 (large), 1.1300 and 1.1500.
Read more...
 
Daily Report: Dollar Dived on Dovish Fed Yellen Print E-mail
Market Overview | Written by ActionForex.com | Mar 30 16 06:49 GMT
Dollar weakened broadly on dovish comments from Fed chair Janet Yellen. As Yellen spoke at the Economic Club of New York, she suggested that it is "appropriate for the committee to proceed cautiously in adjusting policy... This caution is especially warranted because, with the federal funds rate so low, the FOMC's ability to use conventional monetary policy to respond to economic disturbances is asymmetric". Her comments were echoed by San Francisco Fed President John Williams who indicated that the pace of rate hikes would be "gradual and thoughtful" and it is "going to take at least six years to get the balance sheet back to normal, which is in keeping with the overall approach to removing accommodation gradually".
Read more...
 
US Session: Orders and Options Watch Print E-mail
Market Overview | Written by ActionForex.com | Mar 29 16 15:46 GMT
EUR: The single currency retreated after yesterday's brief bounce to 1.1220, however, bids are still noted at 1.1150, 1.1130 and 1.1100, buy orders are reported at 1.1080-85 and 1.1050, buying interest is tipped at 1.1030 and 1.1000. On the upside, offers are seen at 1.1200, 1.1220 and 1.1235, sell orders are expected at 1.1250, 1.1275-80 and 1.1300, selling interest should emerge around 1.1320 and 1.1350. Option expires today include: 1.1110, 1.1190, 1.1200, 1.1250, 1.1275 (large) and 1.1300.
Read more...
 
Mid-Day Report: Dollar Stays Soft With Yen, Sterling Shines Print E-mail
Market Overview | Written by ActionForex.com | Mar 29 16 13:19 GMT
Dollar remains soft today together with yen. Meanwhile, Sterling is the stronger one this week and leads European majors higher. Stock markets were relatively directionless heading towards quarter end. Nikkei closed just -0.18% lower earlier today and European indices are struggling between gain and loss. US futures point to a mildly lower open. In other markets, WTI crude oil is exteending recet retreat and hits as low as 38.13 so far. Gold is getting some support ahead of 1200 handle and is trading above 1220. Released in US session, US S&P Case-Shiller 20 cities house price rose 5.7% yoy in January. Canada IPPI dropped -1.1% mom in February and RMPI dropped -2.6%. Focus will turn to consumer confidence and Fed chair Janet Yellen's speech.
Read more...
 
European Session: Orders and Options Watch Print E-mail
Market Overview | Written by ActionForex.com | Mar 29 16 10:11 GMT
EUR: The single currency retreated after yesterday's brief bounce to 1.1220, however, bids are still noted at 1.1150, 1.1130 and 1.1100, buy orders are reported at 1.1080-85 and 1.1050, buying interest is tipped at 1.1030 and 1.1000. On the upside, offers are seen at 1.1200, 1.1220 and 1.1235, sell orders are expected at 1.1250, 1.1275-80 and 1.1300, selling interest should emerge around 1.1320 and 1.1350. Option expires today include: 1.1110, 1.1190, 1.1200, 1.1250, 1.1275 (large) and 1.1300.
Read more...
 
Daily Report: Dollar Stays Soft Despite Recovery Print E-mail
Market Overview | Written by ActionForex.com | Mar 29 16 03:18 GMT
Dollar recovers mildly in Asian session but stays pressured except versus yen. Investors continue to gauge the chance of Fed's rate hike on incoming data and analyses. Accord to Atlanta Federal Reserve's GDPNow forecast model, the US economy is growing at a mere 0.6% annualized rate in Q1. That was significantly lower than Fed's forecast of 1.4% as in March projection. The revision in Atlanta Fed's prediction was based on lower real consumer spending growth and drag from trade. Nonetheless, Atlanta Fed had made it clear that it's a model based projection and doesn't represent its own official forecast. Dollar index dipped to as low as 95.83 yesterday and is now back at 96.
Read more...
 
US Session: Orders and Options Watch Print E-mail
Market Overview | Written by ActionForex.com | Mar 28 16 14:41 GMT
EUR: The single currency jumped in NY morning, offers at 1.1190-00 were filled but sell orders are still noted at 1.1220 and 1.1235, sellers are awaiting at 1.1250, 1.1275-80 and 1.1300, selling interest should emerge around 1.1320 and 1.1350. On the downside, bids are raised to 1.1170-75, 1.1150-55 (stops below 1.1140) and 1.1130, buy orders are expected at 1.1100 and 1.1080-85, buying interest is tipped at 1.1050, 1.1030 and 1.1000.
Read more...
 
Mid-Day Report: Dollar Losing Momentum ahead of a Busy Week Print E-mail
Market Overview | Written by ActionForex.com | Mar 28 16 13:49 GMT
Yen started the week generally lower closely followed by the greenback. Trading is again subdued with the majority of markets still on holiday. Dollar was lifted by hawkish fedspeak last week with the dollar index hitting as high as 96.40 earlier. But the index is starting to lose upside momentum and is heading back to 96 handle as traders await another important week. Released from US, personal income rose 0.2% in February versus expectation of 0.1%. Personal spending rose 0.1% versus expectation of 0.2%. Core PCE was unchanged at 1.7% yoy. Trade deficit was relatively unchanged at USD -62.9b.
Read more...
 
European Session: Orders and Options Watch Print E-mail
Market Overview | Written by ActionForex.com | Mar 28 16 11:34 GMT
EUR: The single currency traded narrowly but bids are still noted at 1.1130-40, 1.1100 and 1.1080-85, buying interest is tipped at 1.1050, 1.1030 and 1.1000. On the upside, offers are seen at 1.1190-00, 1.1220 and 1.1235, sell orders are expected at 1.1250, 1.1275-80 and 1.1300, selling interest should emerge around 1.1320 and 1.1350.
Read more...
 
US Session: Orders and Options Watch Print E-mail
Market Overview | Written by ActionForex.com | Mar 24 16 15:11 GMT
EUR: The single currency remained under pressure but bids are still noted at 1.1130, 1.1100 and 1.1080-85, buying interest is tipped at 1.1050, 1.1030 and 1.1000. On the upside, offers are seen at 1.1190-00, 1.1220 and 1.1235, sell orders are expected at 1.1250, 1.1275-80 and 1.1300, selling interest should emerge around 1.1320 and 1.1350

US Session: Orders and Options Watch

EUR: The single currency remained under pressure but bids are still noted at 1.1130, 1.1100 and 1.1080-85, buying interest is tipped at 1.1050, 1.1030 and 1.1000. On the upside, offers are seen at 1.1190-00, 1.1220 and 1.1235, sell orders are expected at 1.1250, 1.1275-80 and 1.1300, selling interest should emerge around 1.1320 and 1.1350.

GBP: Cable bounced off intra-day low of 1.4057 and buy orders are still noted at 1.4050-55 (stops below), 1.4025-30 and 1.4000 (sizeable), buying interest is tipped at 1.3980, 1.3965 and 1.3950, fresh demand is located at 1.1.3920-25 and 1.3900. On the upside, offers are seen at 1.4150 (sizeable and with stops above), sell orders are expected at 1.4180, 1.4200 and 1.4220, selling interest should emerge around 1.4235, 1.4250 and 1.4280.

CHF: The greenback met resistance at 0.9775, offers at still noted at 0.9775-80 and 0.9800, sell orders are reported at 0.9830, 0.9850 and 0.9880, selling interest is tipped at 0.9900, 0.9930 and 0.9950. On the downside, bids are seen at 0.9725, 0.9700 and 0.9680, buy orders are expected at 0.9650-60 and 0.9630, buying interest should emerge around 0.9600, 0.9580 and 0.9550.

JPY: Dollar briefly rose above 113.00 before retreating today, offers are still noted at 113.00 and 113.20, selling interest is tipped at 113.50, 113.80 and 114.00 (large and with stops above), sell orders are reported at 114.30 and 114.50. On the downside, bids are seen at 112.20-30 and 112.00, buy orders are expected at 111.80-85, 111.50 and 111.20, buying interest should emerge around 111.00, 110.80 and 110.50 (barrier with stops placed below there).

 
Mid-Day Report: Dollar to End the Week Broadly Higher Print E-mail
Market Overview | Written by ActionForex.com | Mar 24 16 12:54 GMT
Dollar could be ending a holiday shortened week broadly higher against other major currencies. Released from US, initial jobless claims rose 6k to 265k in the week ended March 19, slightly below expectation of 267k. The four week moving average was little changed at 259.75k. Continuing claims dropped 39k to 2.18m in the week ended March 12. Durable goods orders dropped -2.78% in February while ex-transport orders dropped -1.9%, both below expectation. Released earlier today, UK retail sales dropped -0.4% mom in February, BBA mortgage approvals dropped to 45.8k. German Gfk consumer sentiment was little changed at 9.4 in April.
Read more...
 
European Session: Orders and Options Watch Print E-mail
Market Overview | Written by ActionForex.com | Mar 24 16 10:37 GMT
EUR: The single currency slipped again today but bids are still noted at 1.1150 and 1.1130, buy orders are reported at 1.1100 and 1.1080-85, buying interest is tipped at 1.1050, 1.1030 and 1.1000. On the upside, offers are seen at 1.1200, 1.1220 and 1.1235, sell orders are expected at 1.1250, 1.1275-80 and 1.1300, selling interest should emerge around 1.1320 and 1.1350. Option expires today include: 1.0950 (near 1 bln), 1.1000, 1.1150, 1.1160 (large), 1.1200, 1.1250, 1.1300 (large), 1.1325, 1.1350 and 1.1400.
Read more...
 
Daily Report: Yen Mildly Lower, BoJ Discussed Rolling Back Negative Rates Print E-mail
Market Overview | Written by ActionForex.com | Mar 24 16 03:10 GMT
Yen is mildly lower today but stays mixed for the week so far. In the "Summary of Opinions at the Monetary Policy Meeting", BoJ noted there was discussion on rolling back negative rates. One of the board members said that "withdrawal from the Bank's negative interest rate policy is preferable." However, "there is a risk that a withdrawal from the policy soon after its introduction will confuse the markets and 4 impair the credibility of the Bank." Meanwhile, another member noted that "undoing the negative interest rate policy is not an option because the markets have started to take actions and many economic entities already have moved forward based on the policy."
Read more...
 
US Session: Orders and Options Watch Print E-mail
Market Overview | Written by ActionForex.com | Mar 23 16 14:10 GMT
EUR: The single currency remained under pressure but bids are still noted at 1.1150 and 1.1130, buy orders are reported at 1.1100 and 1.1080-85, buying interest is tipped at 1.1050, 1.1030 and 1.1000. On the upside, offers are seen at 1.1200, 1.1220 and 1.1235, sell orders are expected at 1.1240-50, 1.1275-80 and 1.1300, selling interest should emerge around 1.1320 and 1.1350.
Read more...
 
Mid-Day Report: Dollar Firm on Rate Talks Print E-mail
Market Overview | Written by ActionForex.com | Mar 23 16 12:41 GMT
European markets recovered from the setback on Belgium attacks. Major indices are trading mildly higher while US futures point to flat open. Dollar is broadly higher as supported by rate talks. Chicago Fed president Charles Evans, a known dove, said yesterday he expected two rate hike this year.
Read more...
 
European Session: Orders and Options Watch Print E-mail
Market Overview | Written by ActionForex.com | Mar 23 16 10:40 GMT
EUR: The single currency traded lower again today but bids are still noted at 1.1170-75, 1.1150 and 1.1130, buy orders are reported at 1.1100 and 1.1080-85, buying interest is tipped at 1.1050, 1.1030 and 1.1000. On the upside, offers are seen at 1.1200, 1.1220 and 1.1235, sell orders are expected at 1.1250, 1.1275-80 and 1.1300, selling interest should emerge around 1.1320 and 1.1350. Option expires today include: 1.1000 (large), 1.1025, 1.1035, 1.1050 (large), 1.1055, 1.1060, 1.1075, 1.1195 (large), 1.1200 (large), 1.1245, 1.1250, 1.1300 and 1.1335.
Read more...
 
Daily Report: Volatility Decreases as Holiday Approaches Print E-mail
Market Overview | Written by ActionForex.com | Mar 23 16 02:33 GMT
Volatility in financial markets continues to decrease as holiday weekend approaches. US equities stayed in tight range overnight and closed mildly lower. DJIA ended down -16 pts or -0.09% while S&P 500 closed down -0.5 pts or -0.02%. Asian markets are mildly higher but there is no momentum for meaningful moves. At the time of writing, Nikkei is up 0.22% while Hong Kong HSI is up 0.04% and China SSE is up 0.2%. Gold trades mildly softer below 1250 while WTI crude oil is is tight range around 41. Dollar index is staying above 95.6 as this week's recovery continues. In the currency markets, Dollar stays firm, next to Aussie, on Fed rate talks. European majors are generally lower after Brussels attack but Yen is also soft in quiet markets.
Read more...
 
US Session: Orders and Options Watch Print E-mail
Market Overview | Written by ActionForex.com | Mar 22 16 16:07 GMT
EUR: The single currency found support at 1.1188 and recovered but offers are still noted at 1.1235, 1.1250 and 1.1270-80, sellers are awaiting at 1.1300 and 1.1320, sell orders are expected at 1.1340-50 and 1.1375, selling interest should emerge around 1.1400, 1.1430 and 1.1450. On the downside, bids are seen at 1.1175-85 and 1.1150, buying interest is tipped at 1.1130 and 1.1100 (stops below).
Read more...
 
Mid-Day Report: Euro and Sterling Lower on Brussels Attack Print E-mail
Market Overview | Written by ActionForex.com | Mar 22 16 13:23 GMT
European indices opened sharply lower on news of explosions in Brussels' that left at least 13 dead. Nonetheless, major indices quickly recovered with FTSE and DAX paring much of the earlier losses. US futures point to mildly lower open. In the currency markets, Eurozone and Sterling are trading broadly lower. Meanwhile, dollar was lifted by comments of Fed officials yesterday but pared some gains today. Yen is picking up some mild strength on risk aversion.
Read more...
 
<< Start < Prev 41 42 43 44 45 46 47 48 49 50 Next > End >>

Page 46 of 216
Facebook MySpace Twitter Digg Delicious Google Bookmarks 

Forex Brokers

Action Insight Newsletter
ActionForex.com © 2017 All rights reserved.