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 Wed, 19 Jun 2019 13:54:23 +0000 en-US hourly 1 https://wordpress.org/?v=5.2.2 Canadian Dollar Jumps on CPI, Dollar Mixed Awaiting FOMC Guidance https://www.actionforex.com/action-insight/market-overview/209027-canadian-dollar-jumps-on-cpi-dollar-mixed-awaiting-fomc-guidance/ https://www.actionforex.com/action-insight/market-overview/209027-canadian-dollar-jumps-on-cpi-dollar-mixed-awaiting-fomc-guidance/#respond Wed, 19 Jun 2019 13:54:23 +0000 https://www.actionforex.com/?p=209027 Canadian Dollar jumps broadly in early US session, after stronger than expected inflation data remove another reason for BoC rate cut. Though, for now, Loonie is overshadowed by Sterling and Swiss Franc, which are the strongest ones. Meanwhile, risk appetite recedes mildly ahead of FOMC rate decision. Dollar is also mixed. Australian and New Zealand […]

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Sentiments Boosted by Trump and Draghi, But Traders Hold Their Bets ahead of FOMC https://www.actionforex.com/action-insight/market-overview/208811-sentiments-boosted-by-trump-and-draghi-but-traders-hold-their-bets-ahead-of-fomc/ https://www.actionforex.com/action-insight/market-overview/208811-sentiments-boosted-by-trump-and-draghi-but-traders-hold-their-bets-ahead-of-fomc/#respond Wed, 19 Jun 2019 07:29:23 +0000 https://www.actionforex.com/?p=208811 Market sentiments were given two strong boosts yesterday, first by ECB’s indication of monetary stimulus ahead, then by renewed optimism of US-China trade negotiations. Positive sentiments carried forward to Asian session, with strong rally seen in major indices. Though, reactions in currency markets are relatively “refrained” as traders are holding their bets ahead of FOMC […]

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Euro Tumbles, German Yield Hits Record Low as ECB Prepares for More Easing https://www.actionforex.com/action-insight/market-overview/208620-euro-tumbles-german-yield-hits-record-low-as-ecb-prepares-for-more-easing/ https://www.actionforex.com/action-insight/market-overview/208620-euro-tumbles-german-yield-hits-record-low-as-ecb-prepares-for-more-easing/#respond Tue, 18 Jun 2019 13:34:32 +0000 https://www.actionforex.com/?p=208620 Surprisingly dovish comments from ECB President Mario Draghi sent Euro sharply lower, and German 10-year yield to new record low today. There are some speculations that ECB could eventually cut interest rates, with a tiered system”, alongside released of new economic projections in July. The comments also send German and French stocks sharply higher. Trump […]

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Australian Dollar Tumbles on Dovish RBA Minutes, Sterling Weakens Too https://www.actionforex.com/action-insight/market-overview/208346-australian-dollar-tumbles-on-dovish-rba-minutes-sterling-weakens-too/ https://www.actionforex.com/action-insight/market-overview/208346-australian-dollar-tumbles-on-dovish-rba-minutes-sterling-weakens-too/#respond Tue, 18 Jun 2019 06:51:02 +0000 https://www.actionforex.com/?p=208346 Australian Dollar drops broadly today after RBA minutes confirm that more rate cuts are underway. Additional, worse than expected house price data gives the Aussie more selling pressure. Sterling is not far away as second weakest, ahead of the next round of UK Conservative leadership voting today. For now, Yen is the strongest one following […]

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RBA Minutes Indicate More Rate Cuts In Coming Months https://www.actionforex.com/action-insight/central-bank-analysis/208324-rba-minutes-indicate-more-rate-cuts-in-coming-months/ https://www.actionforex.com/action-insight/central-bank-analysis/208324-rba-minutes-indicate-more-rate-cuts-in-coming-months/#respond Tue, 18 Jun 2019 06:05:37 +0000 https://www.actionforex.com/?p=208324 RBA, in its June meeting minutes, explicitly noted that the policy rate would be lower. This message came in more dovish than market expectations. The major concern remained in the lackluster improvement in the labor market. RBA cut the bank rate by -25 bps to 1.25% in June. The market has now priced in 50% […]

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BOE Preview – Record Low Interest Rate Remains Intact Despite Recent Hawkish Comments https://www.actionforex.com/action-insight/central-bank-analysis/208212-boe-preview-record-low-interest-rate-remains-intact-despite-recent-hawkish-comments/ https://www.actionforex.com/action-insight/central-bank-analysis/208212-boe-preview-record-low-interest-rate-remains-intact-despite-recent-hawkish-comments/#respond Tue, 18 Jun 2019 04:48:15 +0000 https://www.actionforex.com/?p=208212 We expect BOE to leave the policy rate unchanged at 0.75% this week. It would also keep the size of the asset purchase program at 435B pound. Although there has been some noise pushing for a rate hike, we expect the votes on both measures to be unanimous. UK’s economy has shown further weakness over […]

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Euro Rises on Strong Wage Growth, Dollar Softens on Weak Data https://www.actionforex.com/action-insight/market-overview/208198-euro-rises-on-strong-wage-growth-dollar-softens-on-weak-data/ https://www.actionforex.com/action-insight/market-overview/208198-euro-rises-on-strong-wage-growth-dollar-softens-on-weak-data/#respond Mon, 17 Jun 2019 13:34:43 +0000 https://www.actionforex.com/?p=208198 Euro strengthens broadly in mixed forex markets today. Record wage growth in Q1 is a factor under-pinning the common currency. Poor US economic data also helps. But at this point, strength mainly centers in crosses, against Aussie most notably. Meanwhile, New Zealand Dollar is the second strongest one for today so far. On the other […]

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Dollar Firm as Markets Skeptical on Fed Insurance Rate Cut Path https://www.actionforex.com/action-insight/market-overview/208007-dollar-firm-as-markets-skeptical-on-fed-insurance-rate-cut-path/ https://www.actionforex.com/action-insight/market-overview/208007-dollar-firm-as-markets-skeptical-on-fed-insurance-rate-cut-path/#respond Mon, 17 Jun 2019 07:00:57 +0000 https://www.actionforex.com/?p=208007 Dollar remains generally firm in quiet Asian markets today. The greenback continues to be supported by expectation that FOMC won’t deliver any “insurance” rate cut this week. Instead, Fed policy makers will look at the upcoming developments before making a decision, in particular the result of G20 summit regarding US China trade war. Also, market […]

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FOMC Preview – Preparing for Rate Cut https://www.actionforex.com/featured/207947-fomc-preview-paving-for-rate-cut/ https://www.actionforex.com/featured/207947-fomc-preview-paving-for-rate-cut/#respond Mon, 17 Jun 2019 05:23:58 +0000 https://www.actionforex.com/?p=207947 The Fed could make a number of changes in the upcoming June FOMC meeting, to pave way for a rate cut in as soon as July. We would focus on three things: updated economic projections, adjustment in the forward guidance and median dot plot. It is likely that the Fed would leave the policy rate […]

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CFTC Commitments of Traders – Bets on USD Futures Trimmed Further Ahead of FOMC Meeting https://www.actionforex.com/action-insight/special-topics/207832-cftc-commitments-of-traders-bets-on-usd-futures-trimmed-further-ahead-of-fomc-meeting/ https://www.actionforex.com/action-insight/special-topics/207832-cftc-commitments-of-traders-bets-on-usd-futures-trimmed-further-ahead-of-fomc-meeting/#respond Mon, 17 Jun 2019 03:37:43 +0000 https://www.actionforex.com/?p=207832 The CFTC Commitments of Traders report in the week ended June 11 suggests that bets for US dollar continued to fall on both long and short sides. NET LENGTH in USD Index dropped -2 245 contracts to 23 989. Both speculative long and short positions decreased during the week. Traders continued to trim their bets […]

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CFTC Commitments of Traders – Net Speculative Length for Crude Oil Futures Declined for Seven Weeks In A Row https://www.actionforex.com/action-insight/oil-n-gold/207821-cftc-commitments-of-traders-net-speculative-length-for-crude-oil-futures-declined-for-seven-weeks-in-a-row/ https://www.actionforex.com/action-insight/oil-n-gold/207821-cftc-commitments-of-traders-net-speculative-length-for-crude-oil-futures-declined-for-seven-weeks-in-a-row/#respond Mon, 17 Jun 2019 03:22:43 +0000 https://www.actionforex.com/?p=207821 According to the CFTC Commitments of Traders report for the week ended June 11, NET LENGTH for crude oil futures dived -48 513 contracts to 351 655 for the week. Speculative long positions plunged -23 490 contracts while shorts jumped +25 023. More traders were speculating weaker oil prices ahead, due to rising concerns of […]

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Dollar Rebounded Strongly as Focus Turns to FOMC Meeting https://www.actionforex.com/action-insight/market-overview/weekly-report/207844-dollar-rebounded-strongly-as-focus-turns-to-fomc-meeting/ https://www.actionforex.com/action-insight/market-overview/weekly-report/207844-dollar-rebounded-strongly-as-focus-turns-to-fomc-meeting/#respond Sat, 15 Jun 2019 17:57:27 +0000 https://www.actionforex.com/?p=207844 Dollar ended as the strongest one last week as economic data from the US affirmed that Fed is in no rush to deliver the “insurance” rate cut this month, that is, on June 19. Yen was the second strongest as US and German treasury yields stays pressured. Canadian Dollar was the third strongest, lifted by […]

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China’s Economic Data Prove Economy Slowing Down. PBOC Could Follow FOMC in Cutting Interest Rate https://www.actionforex.com/action-insight/china-watch/207667-chinas-economic-data-prove-economy-slowing-down-pboc-could-follow-fomc-in-cutting-interest-rate/ https://www.actionforex.com/action-insight/china-watch/207667-chinas-economic-data-prove-economy-slowing-down-pboc-could-follow-fomc-in-cutting-interest-rate/#respond Fri, 14 Jun 2019 13:43:41 +0000 https://www.actionforex.com/?p=207667 Despite the mixed headline readings, China’s macroeconomic data in May were in line with our view that the country’s economy continues to slow. Growth in industrial production fell to 5% y/y, missing consensus of , and April’s, 5.4%. IP growth in May marks the lowest growth since 2002. Moreover, this signals a significant decline from […]

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Dollar Rises Broadly on Retail Sales and Industrial Production https://www.actionforex.com/action-insight/market-overview/207701-dollar-rises-broadly-on-retail-sales-and-industrial-production/ https://www.actionforex.com/action-insight/market-overview/207701-dollar-rises-broadly-on-retail-sales-and-industrial-production/#respond Fri, 14 Jun 2019 13:27:00 +0000 https://www.actionforex.com/?p=207701 Dollar jumps broadly in early US session after solid gain in retail sales in May, with upward revision in April figures. Yen is following as the second strongest on risk aversion, followed by Canadian Dollar. Geopolitical tensions heightened after US blame Iran for attacks on oil tankers yesterday. New Zealand Dollar is currently the weakest […]

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Geopolitical Tensions and Poor China Down Weigh on Sentiments, Gold Shines and Yen Jumps https://www.actionforex.com/action-insight/market-overview/207519-geopolitical-tensions-and-poor-china-down-weigh-on-sentiments-gold-shines-and-yen-jumps/ https://www.actionforex.com/action-insight/market-overview/207519-geopolitical-tensions-and-poor-china-down-weigh-on-sentiments-gold-shines-and-yen-jumps/#respond Fri, 14 Jun 2019 07:46:27 +0000 https://www.actionforex.com/?p=207519 The financial markets are generally weighed down by risk aversion. Geopolitical tensions heightened after US blamed Iran for involving in the oil tanker attacks near the entrance to the Persian Gulf on Thursday. But Iranian officials denied any involvement and reiterated calls for a regional dialogue. Adding to that China’s data showed notable slowdown in […]

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SNB Maintained Pledge to Intervene FX Market if SNF Too Strong. Question is How to React if Fed and ECB Ease Further https://www.actionforex.com/action-insight/central-bank-analysis/207417-snb-maintained-pledge-to-intervene-fx-market-if-snf-too-strong-question-is-how-to-react-of-fed-and-ecb-ease-further/ https://www.actionforex.com/action-insight/central-bank-analysis/207417-snb-maintained-pledge-to-intervene-fx-market-if-snf-too-strong-question-is-how-to-react-of-fed-and-ecb-ease-further/#respond Fri, 14 Jun 2019 05:41:52 +0000 https://www.actionforex.com/?p=207417 In its quarterly meeting, SNB announced to leave the policy rate – the interest rate on sight deposits, unchanged at -0.75%. On a technical change, the central bank introduced a new benchmark – the SNB policy rate- in replacement of the 3-month LIBOR. The members acknowledged recent strength in Swiss franc, attributing it to safe […]

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Swiss Franc Lifted by Attacks on Oil Tankers, Shrugs SNB https://www.actionforex.com/action-insight/market-overview/207335-swiss-franc-lifted-by-attacks-on-oil-tankers-shrugs-snb/ https://www.actionforex.com/action-insight/market-overview/207335-swiss-franc-lifted-by-attacks-on-oil-tankers-shrugs-snb/#respond Thu, 13 Jun 2019 14:04:24 +0000 https://www.actionforex.com/?p=207335 Attacks on two oil tankers in the Gulf of Oman is the biggest news in early US session. WTI oil price is up 3.5% and is back pressing 53 handle after dipping to 50.85 yesterday. The news is both supportive Swiss Franc and Canadian Dollar, which are currently the two strongest ones for today so […]

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Australian Dollar Dives as Job Data Gives Nod to More RBA Rate Cuts https://www.actionforex.com/action-insight/market-overview/207062-australian-dollar-dives-as-job-data-gives-nod-to-more-rba-rate-cuts/ https://www.actionforex.com/action-insight/market-overview/207062-australian-dollar-dives-as-job-data-gives-nod-to-more-rba-rate-cuts/#respond Thu, 13 Jun 2019 06:08:24 +0000 https://www.actionforex.com/?p=207062 Australian Dollar tumbles broadly today as weak employment data solidifies the case for more RBA rate cut ahead. The headline number might be strong but the details are generally weak. The Aussie is also generally pressured by mild risk aversion in Asian markets. For now, Dollar is following Aussie as the second weakest, then Sterling. […]

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US Inventory Increased for Another Week as Economic Outlook Remains Hazy https://www.actionforex.com/action-insight/oil-n-gold/207031-us-inventory-increased-for-another-week-as-economic-outlook-remains-hazy/ https://www.actionforex.com/action-insight/oil-n-gold/207031-us-inventory-increased-for-another-week-as-economic-outlook-remains-hazy/#respond Thu, 13 Jun 2019 05:02:07 +0000 https://www.actionforex.com/?p=207031 The report from the US Energy Information Administration (EIA) shows that total crude oil and petroleum products (ex. SPR) stocks rose another week, by +9.56 mmb to 1317.18 mmb in the week ended June 7. Crude oil inventory gained +2.21 mmb to 485.47 mmb (consensus: -0.48 mmb). Inventories rose in 3 out of 5 PADDs. […]

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Dollar Survives Slight US CPI Miss, But No Turnaround Yet https://www.actionforex.com/action-insight/market-overview/206944-dollar-survives-slight-us-cpi-miss-but-no-turnaround-yet/ https://www.actionforex.com/action-insight/market-overview/206944-dollar-survives-slight-us-cpi-miss-but-no-turnaround-yet/#respond Wed, 12 Jun 2019 13:20:08 +0000 https://www.actionforex.com/?p=206944 The forex markets are rather mixed today. Dollar suffered very brief selling after CPI miss. But the greenback quickly regains footing as the readings are not bad enough to push Fed for a cut. For now, Sterling is the strongest one for today, followed by Yen and then Dollar. Swiss Franc is the weakest, followed […]

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