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 Mon, 10 Dec 2018 04:53:25 +0000 en-US hourly 1 https://wordpress.org/?v=4.9.8 Sterling Might Wake Up as Brexti Vote Approaches, Busy Week Ahead https://www.actionforex.com/action-insight/market-overview/156015-sterling-might-wake-up-as-brexti-vote-approaches-busy-week-ahead/ https://www.actionforex.com/action-insight/market-overview/156015-sterling-might-wake-up-as-brexti-vote-approaches-busy-week-ahead/#respond Mon, 10 Dec 2018 04:52:32 +0000 https://www.actionforex.com/?p=156015 Asian stocks open the week lower, following Friday’s selloff in the US. But the forex markets are pretty steady. Dollar is the weakest one for now, followed by Sterling and then Canadian. On the other hand, New Zealand Dollar leads the way higher, followed by Euro and then Japanese Yen. As usual on a Monday, […]

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Yield Curve Inversion and Global Slowdown Hammered Stocks, Not US-China Trade Talks https://www.actionforex.com/action-insight/market-overview/weekly-report/155866-yield-curve-inversion-and-global-slowdown-hammered-stocks-not-us-china-trade-talks/ https://www.actionforex.com/action-insight/market-overview/weekly-report/155866-yield-curve-inversion-and-global-slowdown-hammered-stocks-not-us-china-trade-talks/#respond Sat, 08 Dec 2018 15:04:50 +0000 https://www.actionforex.com/?p=155866 It was another volatile week with multiple theme working on the markets. US-China trade truce, arrest of Chinese business executive, stock market routs, treasury yield free fall, US yield curve inversion, weak economic data and global slow down, OPEC+ production cut, UK Brexit parliament debate, Italy budget. All have a hand in market volatility. Commodity […]

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Canadian Dollar Strikes Back on Stellar Job Data, Dollar Shrugs NFP Miss https://www.actionforex.com/action-insight/market-overview/155726-canadian-dollar-strikes-back-on-stellar-job-data-dollar-shrugs-nfp-miss/ https://www.actionforex.com/action-insight/market-overview/155726-canadian-dollar-strikes-back-on-stellar-job-data-dollar-shrugs-nfp-miss/#respond Fri, 07 Dec 2018 14:06:57 +0000 https://www.actionforex.com/?p=155726 Dollar spikes lower in early US session after non-farm payroll report showed lower than expected job and wage growth. That adds to argument that the momentum US job growth has peaked. Nevertheless, there is no follow through selling in the greenback seen. The only exception is USD/CAD with Canadian Dollar shot higher by stellar employment […]

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Sentiments Stabilized with DOW’s Late Rebound, Dollar Turns to Non-Farm Payrolls https://www.actionforex.com/action-insight/market-overview/155433-sentiments-stabilized-with-dows-late-rebound-dollar-turns-to-non-farm-payrolls/ https://www.actionforex.com/action-insight/market-overview/155433-sentiments-stabilized-with-dows-late-rebound-dollar-turns-to-non-farm-payrolls/#respond Fri, 07 Dec 2018 04:40:06 +0000 https://www.actionforex.com/?p=155433 Risk sentiments generally stabilized after the late rebound in US stocks overnight. DOW hit as low as 24242.22 but closed at 24947.67. Down just -0.32%. S&P 500 also hit as low as 2621.53 but closed at 2695.95, down only -0.15%. NASDAQ even reversed and closed up 0.42% at 7188.26. Treasury yield, however, closed deeper lower […]

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Dollar Slightly Lower on Job Data Miss, But Risk Aversion Still the Main Theme. https://www.actionforex.com/action-insight/market-overview/155332-dollar-slightly-lower-on-job-data-miss-but-risk-aversion-still-the-main-theme/ https://www.actionforex.com/action-insight/market-overview/155332-dollar-slightly-lower-on-job-data-miss-but-risk-aversion-still-the-main-theme/#respond Thu, 06 Dec 2018 14:07:04 +0000 https://www.actionforex.com/?p=155332 Dollar softens mildly against European majors in early US session after weaker than expected job data. But risk aversion remains the overall theme of the market. Australian Dollar stays the weakest one, followed by Canadian and New Zealand Dollar. WTI crude oil is back at 51.2 as even though OPEC+ might agree to a production […]

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Australian Dollar Dives Again as Risk Aversion Intensifies on Chinese Tech Giant Huawei https://www.actionforex.com/action-insight/market-overview/155040-australian-dollar-dives-again-as-risk-aversion-intensifies-on-chinese-tech-giant-huawei/ https://www.actionforex.com/action-insight/market-overview/155040-australian-dollar-dives-again-as-risk-aversion-intensifies-on-chinese-tech-giant-huawei/#respond Thu, 06 Dec 2018 04:44:29 +0000 https://www.actionforex.com/?p=155040 Risk aversion intensifies in Asian session again. In particular, Hong Kong stocks lead the decline on news of arrest of Chinese tech giant Huawei’s CFO Meng Wanzhou. The arrest is reported to be in relation to Huawei violating US sanctions by shipping US originated products to Iran and some other countries. Canada also confirmed that […]

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Sterling Rebounds on Brexit Rethinks and Technical Support https://www.actionforex.com/action-insight/market-overview/154957-sterling-rebounds-on-brexit-rethinks-and-technical-support/ https://www.actionforex.com/action-insight/market-overview/154957-sterling-rebounds-on-brexit-rethinks-and-technical-support/#respond Wed, 05 Dec 2018 14:08:31 +0000 https://www.actionforex.com/?p=154957 Sterling stages a broad based rebound today despite poor PMI services data. The Pound is partly helped by technical support from GBP/USD (at 1.2661) and EUR/GBP (at 0.8939). Additionally, traders are probably reassessing Brexit scenarios. A tricky point is on what would Common’s rejection of Prime Minister Theresa May’s Brexit deal lead to. One far […]

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ECB Preview – Focus on Reinvestment Plan, New Round of TLTRO https://www.actionforex.com/action-insight/central-bank-analysis/154849-ecb-preview-focus-on-reinvestment-plan-new-round-of-tltro/ https://www.actionforex.com/action-insight/central-bank-analysis/154849-ecb-preview-focus-on-reinvestment-plan-new-round-of-tltro/#respond Wed, 05 Dec 2018 10:36:37 +0000 https://www.actionforex.com/?p=154849 The market is closely watching ECB’s policy after QE. At the upcoming meeting next week, ECB would announce its plan to reinvest the maturing bonds. Meanwhile, market speculations are rising that the central bank would soon announce a new round of its targeted long-term refinancing operations (TLTRO). Given recent slowdown in GDP growth in the […]

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Dollar Regains Ground as Investors Rush from Stocks to Bonds, Aussie Additionally Pressured by GDP Miss https://www.actionforex.com/action-insight/market-overview/154630-dollar-regains-ground-as-investors-rush-from-stocks-to-bonds-aussie-additionally-pressured-by-gdp-miss/ https://www.actionforex.com/action-insight/market-overview/154630-dollar-regains-ground-as-investors-rush-from-stocks-to-bonds-aussie-additionally-pressured-by-gdp-miss/#respond Wed, 05 Dec 2018 05:56:02 +0000 https://www.actionforex.com/?p=154630 The US stock markets closed sharply lower overnight while treasury yields also dived. Such patterns continue in Asia, seeing major indices pressured while JGB year yields also drop. There are clear flows out of stocks into bonds. Fed has already turned less hawkish with Chair Jerome Powell’s turn last week. US and China also announced […]

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Dollar Broadly Lower as 10 Year Yield Breaks Below 3% https://www.actionforex.com/action-insight/market-overview/154541-dollar-broadly-lower-as-10-year-yield-breaks-below-3/ https://www.actionforex.com/action-insight/market-overview/154541-dollar-broadly-lower-as-10-year-yield-breaks-below-3/#respond Tue, 04 Dec 2018 13:51:47 +0000 https://www.actionforex.com/?p=154541 Dollar is under broad based selling pressure on falling treasury yields, globally. In particular, 10 year yield drops below 3% level for the first time since September. Canadian Dollar and Swiss Franc are following as the next weakest. On the other hand, return to risk aversion and falling global yields pop up Yen as the […]

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BOC Preview: Will Poloz Maintain Hawkish Stance? https://www.actionforex.com/action-insight/central-bank-analysis/154514-boc-preview-will-poloz-maintain-hawkish-stance/ https://www.actionforex.com/action-insight/central-bank-analysis/154514-boc-preview-will-poloz-maintain-hawkish-stance/#respond Tue, 04 Dec 2018 12:16:24 +0000 https://www.actionforex.com/?p=154514 Bank of Canada is expected to keep its policy rate unchanged at 1.75%, after a rate hike of +25 bps in October. Despite bets of another move this month, we believe policymakers would take a wait- and- see mode to assess the impact of the sharp fall of oil prices on Canada’s economy. Another focus […]

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Yen Surges as Nikkei Tumbles and JGB Yield Falls https://www.actionforex.com/action-insight/market-overview/154295-yen-surges-as-nikkei-tumbles-and-jgb-yield-falls/ https://www.actionforex.com/action-insight/market-overview/154295-yen-surges-as-nikkei-tumbles-and-jgb-yield-falls/#respond Tue, 04 Dec 2018 06:45:30 +0000 https://www.actionforex.com/?p=154295 Yen jumps broadly today as Asian stocks weaken, moving past the positive catalyst of US-China trade truce quickly. Nikkei closed down -2.39%, more than enough to reverse Monday’s 1.00% gain. Additionally, 10 year JGB yield is down is down -0.010 at 0.073, comparing to October’s high at 0.162. There is notably some safe haven flows […]

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RBA More Concerned about Housing Markets, Disinflation Likely Keeps Policy Rate Unchanged for 2019 https://www.actionforex.com/action-insight/central-bank-analysis/154274-rba-more-concerned-about-housing-markets-disinflation-likely-keeps-policy-rate-unchanged-for-2019/ https://www.actionforex.com/action-insight/central-bank-analysis/154274-rba-more-concerned-about-housing-markets-disinflation-likely-keeps-policy-rate-unchanged-for-2019/#respond Tue, 04 Dec 2018 06:05:07 +0000 https://www.actionforex.com/?p=154274 As widely expected, RBA left the cash rate unchanged at 1.5% for the 26th consecutive meeting. The accompanying statement contained little new information. Yet, it revealed that the members were dovish about the housing market. Meanwhile, disinflation in Australian economy should likely lead the central bank to keep its monetary policy on hold for the […]

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US-China Trade Ceasefire: Too Early to be Relieved https://www.actionforex.com/action-insight/special-topics/154263-us-china-trade-ceasefire-too-early-to-be-relieved/ https://www.actionforex.com/action-insight/special-topics/154263-us-china-trade-ceasefire-too-early-to-be-relieved/#respond Tue, 04 Dec 2018 04:47:06 +0000 https://www.actionforex.com/?p=154263 We remain cautious over the 90-day ceasefire on US- China trade dispute. Over the weekend, the US agrees to postpone raising tariff on US$200B worth of Chinese goods from 10% to 25%. In return, China would buy significant amount of US goods within agriculture, energy and industry products. Meanwhile, both sides would immediately begin negotiations […]

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Sentiments Supported by Trade Truce, But Sterling Down on Renewed Brexit Worries https://www.actionforex.com/action-insight/market-overview/154190-sentiments-supported-by-trade-truce-but-sterling-down-on-renewed-brexit-worries/ https://www.actionforex.com/action-insight/market-overview/154190-sentiments-supported-by-trade-truce-but-sterling-down-on-renewed-brexit-worries/#respond Mon, 03 Dec 2018 13:09:43 +0000 https://www.actionforex.com/?p=154190 The global financial markets are blessed by strong risk appetite today, as US and China agreed on 90 days ceasefire on trade war. US stock futures point to sharply higher open, following strengthen and European and Asian markets. Australian Dollar, being a close trade partner of both the US and China, and a risk sensitive […]

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US-China Trade War Ceasefire, Stocks and Aussie Surge, Dollar and Yen Weaken https://www.actionforex.com/action-insight/market-overview/153914-us-china-trade-war-ceasefire-stocks-and-aussie-surge-dollar-and-yen-weaken/ https://www.actionforex.com/action-insight/market-overview/153914-us-china-trade-war-ceasefire-stocks-and-aussie-surge-dollar-and-yen-weaken/#respond Mon, 03 Dec 2018 07:29:58 +0000 https://www.actionforex.com/?p=153914 US and China agreed not to escalate trade war after meeting between Trump and Xi. A cease-fire agreement was reached. Even though it’s just for 90 days, Asian markets responded positively to the development with all major indices recording solid gains. DOW futures are also pointing to a day of 2% gain for now. In […]

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CFTC Commitments of Traders – Bets for Higher Euro Fell Sharply as Confidence Data Soured https://www.actionforex.com/action-insight/special-topics/153805-cftc-commitments-of-traders/ https://www.actionforex.com/action-insight/special-topics/153805-cftc-commitments-of-traders/#respond Sun, 02 Dec 2018 15:51:56 +0000 https://www.actionforex.com/?p=153805 As suggested in the CFTC Commitments of Traders report in the week ended November 27, NET LENGTH in USD Index slipped slightly whilst bets increased on both sides. All other major currencies stayed in NET SHORT positions. During the week, the greenback strengthened against major currencies. Note that the report date was before Fed Chair […]

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CFTC Commitments of Traders – Bets Trimmed on Oil and Petroleum, Traders Turned Cautious ahead of OPEC https://www.actionforex.com/action-insight/oil-n-gold/153792-cftc-commitments-of-traders-bets-trimmed-on-oil-and-petroleum-traders-turned-cautious-ahead-of-opec/ https://www.actionforex.com/action-insight/oil-n-gold/153792-cftc-commitments-of-traders-bets-trimmed-on-oil-and-petroleum-traders-turned-cautious-ahead-of-opec/#respond Sun, 02 Dec 2018 15:31:57 +0000 https://www.actionforex.com/?p=153792 According to the CFTC Commitments of Traders report for the week ended November 27  NET LENGTH for crude oil and gasoline futures continued to fall. Speculative long positions of crude oil futures declined -17 170 contracts, while shorts gained +1 896 contracts, resulting in a fall in NET LENGTH, by -19 066 contracts, to 348 […]

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A Look at Market Pricing on Fed Rate Path after Powell’s U-Turn https://www.actionforex.com/action-insight/market-overview/weekly-report/153701-a-look-at-market-pricing-on-fed-rate-path-after-powells-u-turn/ https://www.actionforex.com/action-insight/market-overview/weekly-report/153701-a-look-at-market-pricing-on-fed-rate-path-after-powells-u-turn/#respond Sat, 01 Dec 2018 14:07:13 +0000 https://www.actionforex.com/?p=153701 Fed Chair Jerome Powell’s speech last week was sort of a turning point. Stocks staged a strong rally and helped lifted Kiwi and Aussie as the strongest ones. Nevertheless, despite being sold off steeply, Dollar has indeed reversed much the the losses and ended as the third strongest one. Sterling ended as the weakest one […]

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Euro Lower after Inflation Data, Dollar Pare Losses ahead of Trump-Xi Meeting https://www.actionforex.com/action-insight/market-overview/153584-euro-lower-after-inflation-data-dollar-pare-losses-ahead-of-trump-xi-meeting/ https://www.actionforex.com/action-insight/market-overview/153584-euro-lower-after-inflation-data-dollar-pare-losses-ahead-of-trump-xi-meeting/#respond Fri, 30 Nov 2018 14:09:39 +0000 https://www.actionforex.com/?p=153584 The forex markets are generally staying in familiar range as traders turn cautious ahead of G20 summit and, of course, the highly anticipated Trump-Xi summit. There are rumors flying around on whether there will be a deal of no deal. But it’s no to productive to guess at this point. We’ll see soon. For today, […]

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