Action Insight – Action Forex https://www.actionforex.com Live Forex Analysis, Currency Rates, Economic Calendar, Technical Forecast, Fundamental News, Free Trading Signals. Best. USD Dollar, EUR Euro, JPY Yen, GBP Pound, CHF Swiss Franc, CAD Canadian Dollar, AUD Australian Dollar, NZD New Zealand Dollar Thu, 25 Apr 2019 04:57:02 +0000 en-US hourly 1 https://wordpress.org/?v=5.1.1 BOC Erases Rate Hike Possibility in Near- to Medium- Term https://www.actionforex.com/action-insight/central-bank-analysis/192667-boc-erases-rate-hike-possibility-in-near-to-medium-term/ https://www.actionforex.com/action-insight/central-bank-analysis/192667-boc-erases-rate-hike-possibility-in-near-to-medium-term/#respond Thu, 25 Apr 2019 00:30:13 +0000 https://www.actionforex.com/?p=192667 BOC sent a mixed message in its April meeting. As shown in the accompanying statement, it has turned more dovish as it removed any chance of rate hike in the near- to medium- term. The central bank downgraded GDP growth forecast, both domestically and globally. It also lowered the range of neutral rate. Yet, at […]

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US Crude Oil Inventory Increased Four Times More than Expected https://www.actionforex.com/action-insight/oil-n-gold/192661-us-crude-oil-inventory-increased-four-times-more-than-expected/ https://www.actionforex.com/action-insight/oil-n-gold/192661-us-crude-oil-inventory-increased-four-times-more-than-expected/#respond Wed, 24 Apr 2019 23:27:44 +0000 https://www.actionforex.com/?p=192661 The report from the US Energy Information Administration (EIA) shows that total crude oil and petroleum products (ex. SPR) stocks surged +8.82 mmb to 1244.6 mmb in the week ended April 19. Crude oil inventory soared +5.48 mmb to 460.63 mmb (consensus: +1.26 mmb). Inventories rose in 4 out of 5 PADDs with PADD 2 […]

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Euro Weakens as German 10-Year Yield Threatens to Turn Negative, Swiss Franc Rebound https://www.actionforex.com/action-insight/market-overview/192580-euro-weakens-as-german-10-year-yield-threatens-to-turn-negative-swiss-franc-rebound/ https://www.actionforex.com/action-insight/market-overview/192580-euro-weakens-as-german-10-year-yield-threatens-to-turn-negative-swiss-franc-rebound/#respond Wed, 24 Apr 2019 13:15:18 +0000 https://www.actionforex.com/?p=192580 Swiss Franc regains much ground today in mixed financial markets. Optimism over US corporate earnings had virtually no impact in Asian and European markets. Instead, European stocks turned mixed after German Ifo business confidence turned south again after brief recovery last month. German 10-year yield also suffers rather steep decline, and is threatening to turn […]

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Australian Dollar in Free Fall after Big CPI Miss, BoC Watched Today https://www.actionforex.com/action-insight/market-overview/192314-australian-dollar-in-free-fall-after-big-cpi-miss-boc-watched-today/ https://www.actionforex.com/action-insight/market-overview/192314-australian-dollar-in-free-fall-after-big-cpi-miss-boc-watched-today/#respond Wed, 24 Apr 2019 04:36:12 +0000 https://www.actionforex.com/?p=192314 Australian Dollar is overwhelmingly the worst performing one today. It suffers heavy selling after much weaker than expected CPI raises the chance of RBA rate cut later this year. New Zealand Dollar follows as second as RBNZ is also expected to cut, just probably earlier in May. Canadian Dollar is the third weakest on anticipation […]

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Dollar Surges Broadly on Earning Optimism, Gold Extends Decline https://www.actionforex.com/action-insight/market-overview/192233-dollar-surges-broadly-on-earning-optimism-gold-extends-decline/ https://www.actionforex.com/action-insight/market-overview/192233-dollar-surges-broadly-on-earning-optimism-gold-extends-decline/#respond Tue, 23 Apr 2019 14:09:28 +0000 https://www.actionforex.com/?p=192233 Dollar rises broadly in early US session as traders seem preparing for solid Q1 earnings reports in US. Stocks indices are relatively steady, though, with DOW, S&P 500 and NASDAQ up slightly in initial trading. But after all, improvement in the overall sentiments could revive the chance for a Fed hike later in the year. […]

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Forex Markets Tread Water as Impact of Oil Rally Fades https://www.actionforex.com/action-insight/market-overview/191880-forex-markets-tread-water-as-impact-of-oil-rally-fades/ https://www.actionforex.com/action-insight/market-overview/191880-forex-markets-tread-water-as-impact-of-oil-rally-fades/#respond Tue, 23 Apr 2019 03:18:50 +0000 https://www.actionforex.com/?p=191880 The forex markets remain relatively quiet in Asian session today. Canadian Dollar surged briefly yesterday as lifted by rally in oil price. WTI crude oil remains firm in at 65.80, after rising on news that US is ending Iranian oil sanction wavier for eight countries. But the boost to the Loonie is rather brief while […]

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Canadian Dollar Pulled Higher by Oil, But Cautious ahead of BoC https://www.actionforex.com/action-insight/market-overview/191784-canadian-dollar-pulled-higher-by-oil-but-cautious-ahead-of-boc/ https://www.actionforex.com/action-insight/market-overview/191784-canadian-dollar-pulled-higher-by-oil-but-cautious-ahead-of-boc/#respond Mon, 22 Apr 2019 07:08:57 +0000 https://www.actionforex.com/?p=191784 Canadian Dollar open the week generally higher, as helped by strong rally in oil price, on supply concern. Though, the Loonie is generally bounded in range only. BoC rate decision and statement this week will be crucial to the next move. For now, risks are mildly on the upside for USD/CAD, and any dovish twist […]

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CFTC Commitments of Traders – Net Length for Precious Metals Trimmed Markedly as Yields Soared https://www.actionforex.com/action-insight/oil-n-gold/191736-cftc-commitments-of-traders-net-length-for-precious-metals-trimmed-markedly-as-yields-soared/ https://www.actionforex.com/action-insight/oil-n-gold/191736-cftc-commitments-of-traders-net-length-for-precious-metals-trimmed-markedly-as-yields-soared/#respond Mon, 22 Apr 2019 05:20:27 +0000 https://www.actionforex.com/?p=191736 According to the CFTC Commitments of Traders report for the week ended April 16,  NET LENGTH for crude oil futures dropped -1 404 contracts to 515 258 for the week. Speculative long positions fell -5 656 contracts while shorts dropped -4 252. Oil price rally might continue after Easter holiday as the US announced the […]

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CFTC Commitments of Traders – Net Short Increased in Safe- Haven Currencies as Risk Appetite Improved https://www.actionforex.com/action-insight/special-topics/191751-cftc-commitments-of-traders-net-short-increased-in-safe-haven-currencies-as-risk-appetite-improved/ https://www.actionforex.com/action-insight/special-topics/191751-cftc-commitments-of-traders-net-short-increased-in-safe-haven-currencies-as-risk-appetite-improved/#respond Mon, 22 Apr 2019 04:58:01 +0000 https://www.actionforex.com/?p=191751 As suggested in the CFTC Commitments of Traders report in the week ended April 16, NET LENGTH in USD Index decreased -508 contracts to 28 938. Both speculative long and short positions dropped during the week. All other major currencies stayed in NET SHORT positions. Concerning European currencies, NET SHORT for euro futures declined -4 […]

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Strong Retail Sales and Jobless Claims Boost Dollar, But Yen Outperforms https://www.actionforex.com/action-insight/market-overview/191556-strong-retail-sales-and-jobless-claims-boost-dollar-but-yen-outperforms/ https://www.actionforex.com/action-insight/market-overview/191556-strong-retail-sales-and-jobless-claims-boost-dollar-but-yen-outperforms/#respond Thu, 18 Apr 2019 13:20:14 +0000 https://www.actionforex.com/?p=191556 Dollar jumps broadly in early US session after very strong retail sales and jobless claims. Yen is the only one stronger than the greenback, thanks to pull back in global treasury yields. Euro, as well as benchmark German yield tumble as poor PMIs dent hope for a recovery in Q2. New Zealand Dollar is the […]

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BOC to Look Through Strong March Inflation and Maintain Dovish Stance https://www.actionforex.com/action-insight/central-bank-analysis/191418-boc-to-look-through-strong-march-inflation-and-maintain-dovish-stance/ https://www.actionforex.com/action-insight/central-bank-analysis/191418-boc-to-look-through-strong-march-inflation-and-maintain-dovish-stance/#respond Thu, 18 Apr 2019 08:39:26 +0000 https://www.actionforex.com/?p=191418 At the BOC meeting next week, we expect Governor Stephen Poloz to reinstate the stance that the next policy rate move would be data-dependent. The latest inflation report surprised to the upside. Yet, the central bank would likely look through it as other data continued to show decelerating growth momentum. BOC would leave the policy […]

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Eurozone PMIs, Retail Sales from UK, US and Canada Watched https://www.actionforex.com/action-insight/market-overview/191303-eurozone-pmis-retail-sales-from-uk-us-and-canada-watched/ https://www.actionforex.com/action-insight/market-overview/191303-eurozone-pmis-retail-sales-from-uk-us-and-canada-watched/#respond Thu, 18 Apr 2019 06:58:42 +0000 https://www.actionforex.com/?p=191303 Asian markets turned softer today, ahead of long weekend. Major indices are trading in slightly in red as traders lighten up positions. In the currency markets, Yen is so far the strongest one for today, naturally. Australian Dollar is the second strongest, as lifted slightly by solid employment data. However, gain is so far rather […]

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US Crude Oil Inventory Surprisingly Declined as Production and Imports Trimmed https://www.actionforex.com/action-insight/oil-n-gold/191222-us-crude-oil-inventory-surprisingly-declined-as-production-and-imports-dropped/ https://www.actionforex.com/action-insight/oil-n-gold/191222-us-crude-oil-inventory-surprisingly-declined-as-production-and-imports-dropped/#respond Thu, 18 Apr 2019 02:27:40 +0000 https://www.actionforex.com/?p=191222 The report from the US Energy Information Administration (EIA) shows that total crude oil and petroleum products (ex. SPR) stocks surged +7.22 mmb to 1229.13 mmb in the week ended April 12. Crude oil inventory surprisingly dropped -1.4 mmb to 455.15 mmb (consensus: +1.71 mmb). Inventories declined in 3 out of 5 PADDs with PADD […]

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Canadian Dollar Jumps on CPI, Treasury Yields Rise on China Data https://www.actionforex.com/action-insight/market-overview/191167-canadian-dollar-jumps-on-cpi-treasury-yields-rise-on-china-data/ https://www.actionforex.com/action-insight/market-overview/191167-canadian-dollar-jumps-on-cpi-treasury-yields-rise-on-china-data/#respond Wed, 17 Apr 2019 13:55:38 +0000 https://www.actionforex.com/?p=191167 Global treasury yields are boosted by solid data from China today. German 10-year yield hit at high as 0.104 and is now back at around 0.08. US 10-year yield breaches hit 2.614 and it’s now trying to own 2.6 handle. These are both signs of improvements in market sentiments as stabilization in China’s slowdown is […]

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Aussie Lifted by Strong China Data, Kiwi Tumbles on CPI and RBNZ Bets https://www.actionforex.com/action-insight/market-overview/190895-aussie-lifted-by-strong-china-data-kiwi-tumbles-on-cpi-and-rbnz-bets/ https://www.actionforex.com/action-insight/market-overview/190895-aussie-lifted-by-strong-china-data-kiwi-tumbles-on-cpi-and-rbnz-bets/#respond Wed, 17 Apr 2019 05:43:02 +0000 https://www.actionforex.com/?p=190895 Australian and New Zealand Dollars have very different fortunes today. Aussie was boosted higher by stronger than expected Chinese data. On the other hand, Kiwi dived as weaker than expected CPI raises the chance of RBNZ rate cut at next meeting. In between, Euro is the second strongest so far, followed by Sterling. Dollar is […]

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China First Quarter GDP Growth Beat Expectations. Key Macro Data Rebounded in March, albeit from Low Base https://www.actionforex.com/action-insight/china-watch/190835-first-quarter-gdp-growth-beat-expectations-key-macro-data-rebounded-in-march-albeit-from-low-base/ https://www.actionforex.com/action-insight/china-watch/190835-first-quarter-gdp-growth-beat-expectations-key-macro-data-rebounded-in-march-albeit-from-low-base/#respond Wed, 17 Apr 2019 05:11:26 +0000 https://www.actionforex.com/?p=190835 China’s GDP expanded +6.4% y/y in 1Q19, same pace as 4Q18 but beating consensus of +6.3%. Major macroeconomic data showed strong rebound in March and exceeded expectations. Over the past weeks, data flow in China has already signaled improvement in China’s economy: Both headline CPI and PPI markedly recovered in March while incremental credit reached […]

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Funds Flowing Out of Safe Haven Swiss Franc, Gold and Bonds https://www.actionforex.com/action-insight/market-overview/190744-funds-flowing-out-of-safe-haven-swiss-franc-gold-and-bonds/ https://www.actionforex.com/action-insight/market-overview/190744-funds-flowing-out-of-safe-haven-swiss-franc-gold-and-bonds/#respond Tue, 16 Apr 2019 13:14:19 +0000 https://www.actionforex.com/?p=190744 Funds are flowing out notably from safe haven assets today. Gold dives through 1280 handle and is resuming fall from 1346.71 high. German 10-year yield is up for another day at 0.067. US 10-year yield is also trading stronger at 2.575, possibly targeting 2.6 handle. In the currency markets, Swiss Franc is suffering broad based […]

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Australian Dollar Tumbles on Dovish RBA Minutes, New Zealand and Canadian Also Weak https://www.actionforex.com/action-insight/market-overview/190463-australian-dollar-tumbles-on-dovish-rba-minutes-new-zealand-and-canadian-also-weak/ https://www.actionforex.com/action-insight/market-overview/190463-australian-dollar-tumbles-on-dovish-rba-minutes-new-zealand-and-canadian-also-weak/#respond Tue, 16 Apr 2019 04:56:33 +0000 https://www.actionforex.com/?p=190463 Commodity currencies are generally under some selling pressure today. Australian Dollar is the weakest one as RBA took another step to laid the ground for rate cut by dovish minutes. RBNZ Governor Adrian Orr reiterated the central bank’s easing bias. Canadian Dollar was sold off overnight after poor Business Outlook Survey and remains weak in […]

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RBA Minutes – Confirming Dovish Monetary Policy Stance. Low Inflation Raises the Chance of Rate Cut https://www.actionforex.com/action-insight/central-bank-analysis/190443-rba-minutes-confirming-dovish-monetary-policy-stance-low-inflation-raises-the-chance-of-rate-cut/ https://www.actionforex.com/action-insight/central-bank-analysis/190443-rba-minutes-confirming-dovish-monetary-policy-stance-low-inflation-raises-the-chance-of-rate-cut/#respond Tue, 16 Apr 2019 03:17:37 +0000 https://www.actionforex.com/?p=190443 While RBA had left the cash unchanged at 1.5% in April, the minutes for the meeting was closely-watched. Recall that the central bank turned more dovish as it acknowledged more downside risks to the growth outlook. The minutes reinforced this view. More importantly, the minutes affirmed that the central bank has shifted its monetary policy […]

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Forex Markets Turn Mixed as Risk Appetite Cools, More Inspirations Needed https://www.actionforex.com/action-insight/market-overview/190355-forex-markets-turn-mixed-as-risk-appetite-cools-more-inspirations-needed/ https://www.actionforex.com/action-insight/market-overview/190355-forex-markets-turn-mixed-as-risk-appetite-cools-more-inspirations-needed/#respond Mon, 15 Apr 2019 14:17:52 +0000 https://www.actionforex.com/?p=190355 The forex markets turn relatively mixed today and markets lack a general direction. Risk appetite appeared to be firm earlier in Asian session but quickly faded. Major US indices open the day mildly lower. While German 10-year yield is trading up at the time of writing, US 10-year yield is trading down mildly. In the […]

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