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 Tue, 26 May 2020 13:32:21 +0000 en-US hourly 1 https://wordpress.org/?v=5.4.1 Coronavirus Vaccine News Boost Risk Appetite Again, Dollar in Free Fall https://www.actionforex.com/action-insight/market-overview/298125-coronavirus-vaccine-news-boost-risk-appetite-again-dollar-in-free-fall/ https://www.actionforex.com/action-insight/market-overview/298125-coronavirus-vaccine-news-boost-risk-appetite-again-dollar-in-free-fall/#respond Tue, 26 May 2020 13:32:21 +0000 https://www.actionforex.com/?p=298125 Risk appetite is back driving the global financial markets, after biotech company Novavax said it has started phase 1 human trials of coronavirus vaccine candidate. DOW future points to a breakout from recent rally for rally resumption. Dollar, Yen and Swiss Franc are decisively sold off across the board. New Zealand Dollar is leading Australian […]

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HKD Weakened Despite Widening HIBOR-LIBOR Spread; Hong Kong’s Autonomy at Risk as China Seeks to Impose New Law https://www.actionforex.com/action-insight/special-topics/297850-hkd-weakened-despite-widening-hibor-libor-spread-hong-kongs-autonomy-at-risk-as-china-seeks-to-impose-new-law/ https://www.actionforex.com/action-insight/special-topics/297850-hkd-weakened-despite-widening-hibor-libor-spread-hong-kongs-autonomy-at-risk-as-china-seeks-to-impose-new-law/#respond Tue, 26 May 2020 11:53:11 +0000 https://www.actionforex.com/?p=297850 Volatility in USDHKD has increased since last week. HKD fell from the strong-side convertibility undertakings against USD after the Chinese Communist Party (CCP) announced the plan to impose national security law in the city. The 12-month HKD FX swap points jumped from 240 to 700 in two days’ time. Although both HKD spot and forward […]

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Sentiments Firm Up as Markets Left Hong Kong Tensions Behind, Comforted by PBoC Pledge https://www.actionforex.com/action-insight/market-overview/297838-sentiments-firm-up-as-markets-left-hong-kong-tensions-behind-comforted-by-pboc-pledge/ https://www.actionforex.com/action-insight/market-overview/297838-sentiments-firm-up-as-markets-left-hong-kong-tensions-behind-comforted-by-pboc-pledge/#respond Tue, 26 May 2020 04:25:49 +0000 https://www.actionforex.com/?p=297838 Asian markets strengthen generally as investors put Hong Kong tensions behind for the moment. Sentiments are also somewhat lifted as PBoC pledged to continue with targeted easing measures. Commodity currencies are generally higher as led by New Zealand Dollar for now. Yen and Dollar are the weakest ones, followed by Swiss Franc. Some more volatility […]

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Sterling Mildly Higher in Holiday Markets, Gains Limited https://www.actionforex.com/action-insight/market-overview/297786-sterling-mildly-higher-in-holiday-markets-gains-limited/ https://www.actionforex.com/action-insight/market-overview/297786-sterling-mildly-higher-in-holiday-markets-gains-limited/#respond Mon, 25 May 2020 13:55:46 +0000 https://www.actionforex.com/?p=297786 The markets remain generally steady today, with UK and US markets on holiday. Sterling is mildly higher, followed by commodity currencies. On the other hand, Yen, Dollar and Euro are the relatively weaker ones. But after all, major pairs and crosses are stuck inside Friday’s range. Investors would probably need to wait until tomorrow before […]

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Euro Softer in Quiet Trading, Activity Might Stay Subdued Today https://www.actionforex.com/action-insight/market-overview/297563-euro-softer-in-quiet-trading-activity-might-stay-subdued-today/ https://www.actionforex.com/action-insight/market-overview/297563-euro-softer-in-quiet-trading-activity-might-stay-subdued-today/#respond Mon, 25 May 2020 04:50:55 +0000 https://www.actionforex.com/?p=297563 Asian markets are relatively mixed in quiet trading as another week starts. Hong Kong stocks dip mildly following Sunday’s protests against the national security laws. But some optimism is seen in Japan with Nikkei’s rise. Movements in the stock indices are limited anyway. Sterling is trading mildly higher, followed by Canadian and then Aussie. Euro, […]

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China’s Diplomatic Tensions Overshadow Global Coronavirus Pandemic Exit Optimism https://www.actionforex.com/action-insight/market-overview/weekly-report/297436-chinas-diplomatic-tensions-overshadow-global-coronavirus-pandemic-exit-optimism/ https://www.actionforex.com/action-insight/market-overview/weekly-report/297436-chinas-diplomatic-tensions-overshadow-global-coronavirus-pandemic-exit-optimism/#respond Sun, 24 May 2020 06:32:34 +0000 https://www.actionforex.com/?p=297436 While Dollar and Yen staged notable rebound towards the end of week, they still ended as the worst performing ones. On the other hand, commodity currencies were the best performers despite paring some of the gains. Markets were lifted by optimism that the world is moving closer to lockdown exits in major countries. Also, thanks […]

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CFTC Commitments of Traders – NET SHORT of GBP Futures Jumped as Concerns about Brexit Talks Reemerged https://www.actionforex.com/action-insight/special-topics/297425-cftc-commitments-of-traders-net-short-of-gbp-futures-jumped-as-concerns-about-brexit-talks-reemerged/ https://www.actionforex.com/action-insight/special-topics/297425-cftc-commitments-of-traders-net-short-of-gbp-futures-jumped-as-concerns-about-brexit-talks-reemerged/#respond Sun, 24 May 2020 06:02:09 +0000 https://www.actionforex.com/?p=297425 As suggested in the CFTC Commitments of Traders report in the week ended May 19, NET LENGTH in USD Index added +847 contracts to 17 297. Speculative long positions gained +559 contracts and short positions were down -288 contracts. Concerning European currencies, NET LENGTH in EUR futures declined -5 578 contracts to 72 562. NET […]

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CFTC Commitments of Traders – Traders Bet Precious Metals to Go Higher https://www.actionforex.com/action-insight/oil-n-gold/297414-cftc-commitments-of-traders-traders-bet-precious-metals-to-go-higher/ https://www.actionforex.com/action-insight/oil-n-gold/297414-cftc-commitments-of-traders-traders-bet-precious-metals-to-go-higher/#respond Sun, 24 May 2020 05:43:28 +0000 https://www.actionforex.com/?p=297414 According to the CFTC Commitments of Traders report for the week ended May 19, NET LENGTH for crude oil futures added +2 584 contracts to 543 603 for the week. Speculative long positions declined -17 540 contracts while shorts slumped -20 124 contracts. For refined oil products, NET LENGTH for gasoline dropped -3 148 contracts […]

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Dollar and Yen Firm But No Extra Risk Aversion Outside Hong Kong https://www.actionforex.com/action-insight/market-overview/297344-dollar-and-yen-firm-but-extra-risk-aversion-outside-hong-kong/ https://www.actionforex.com/action-insight/market-overview/297344-dollar-and-yen-firm-but-extra-risk-aversion-outside-hong-kong/#respond Fri, 22 May 2020 13:29:20 +0000 https://www.actionforex.com/?p=297344 Yen and Dollar remains the strongest ones for today while commodity currencies are weakest, led by Aussie. There was no follow through buying in Dollar and Yen beyond Asian session. The panic selloff in Hong Kong stocks didn’t spillover to other markets and even US futures are pointing to slightly higher on. US response to […]

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Markets in Risk Aversion Over Hong Kong’s Future, Yen and Dollar Rebound https://www.actionforex.com/action-insight/market-overview/297095-markets-in-risk-aversion-over-hong-kongs-future-yen-and-dollar-rebound/ https://www.actionforex.com/action-insight/market-overview/297095-markets-in-risk-aversion-over-hong-kongs-future-yen-and-dollar-rebound/#respond Fri, 22 May 2020 05:32:32 +0000 https://www.actionforex.com/?p=297095 Yen and Dollar surge in Asian session today as markets are clouded by new uncertainty over Hong Kong’s future. The situation carries significance firstly on the direction of US-China trade tension. Secondly, Hong Kong’s international financial hub status could be in question, which would limit China’s ability to raise capital in the current global economic […]

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Dollar Recovery Attempt Falters Quickly, Swiss Franc Dives Again https://www.actionforex.com/action-insight/market-overview/297013-dollar-recovery-attempt-falters-quickly-swiss-franc-dives-again/ https://www.actionforex.com/action-insight/market-overview/297013-dollar-recovery-attempt-falters-quickly-swiss-franc-dives-again/#respond Thu, 21 May 2020 13:21:51 +0000 https://www.actionforex.com/?p=297013 The financial markets are, generally speaking, a bit mixed today. European stocks are slightly in red while US futures are down. But losses are very limited. Bulls are still in overwhelming control. In the currency markets, Swiss Franc drops sharply as recent volatile trading continues. Dollar attempted for a rebound earlier today but quickly lost […]

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Sterling Soft as Risk Rally Pauses, Focus Turns to PMIs https://www.actionforex.com/action-insight/market-overview/296798-sterling-soft-as-risk-rally-pauses-focus-turns-to-pmis/ https://www.actionforex.com/action-insight/market-overview/296798-sterling-soft-as-risk-rally-pauses-focus-turns-to-pmis/#respond Thu, 21 May 2020 05:09:17 +0000 https://www.actionforex.com/?p=296798 Dollar recovers mildly in Asian session, together with Yen, as stock rally takes a breather again. But both remains the worst performing over the week. Similarly, Australian and New Zealand Dollars also retreats mildly but remain the strongest one for the week. Investors are generally optimistic on return to normal, with lockdown exits and help […]

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Crude Oil Price Supported by Decline in US Inventory. Cushing Stock Recorded Sharpest Fall on History https://www.actionforex.com/action-insight/oil-n-gold/296769-crude-oil-price-remains-supported-by-decline-in-us-inventory-cushing-stock-recorded-sharpest-fall-on-history/ https://www.actionforex.com/action-insight/oil-n-gold/296769-crude-oil-price-remains-supported-by-decline-in-us-inventory-cushing-stock-recorded-sharpest-fall-on-history/#respond Thu, 21 May 2020 04:00:52 +0000 https://www.actionforex.com/?p=296769 Crude oil prices continued to climbed higher. The front-month WTI contract has strengthened for six consecutive days. The latest catalyst is another week of surprising decline in US inventory. The report from the US Energy Information Administration (EIA) shows that total crude oil and petroleum products (ex. SPR) stocks rose 5.04 mmb to 1399.92 mmb […]

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FOMC Minutes Sent Dovish Message about Recovery, Preparing to Adjust QE and Forward Guidance https://www.actionforex.com/action-insight/central-bank-analysis/296766-fomc-minutes-sent-dovish-message-about-recovery-preparing-to-adjust-qe-and-forward-guidance/ https://www.actionforex.com/action-insight/central-bank-analysis/296766-fomc-minutes-sent-dovish-message-about-recovery-preparing-to-adjust-qe-and-forward-guidance/#respond Thu, 21 May 2020 03:15:50 +0000 https://www.actionforex.com/?p=296766 The FOMC minutes for the April meeting revealed that the members were very much concerned about the job market and inflation outlook as a result of the coronavirus pandemic. While leaving the Fed funds rate unchanged at 0-0.25%, the members also maintained QE. The minutes revealed that “several” members proposed to make asset purchases a […]

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Sterling Softens after UK Sold Bonds With Negative Yield https://www.actionforex.com/action-insight/market-overview/296703-sterling-softens-after-uk-sold-bonds-with-negative-yield/ https://www.actionforex.com/action-insight/market-overview/296703-sterling-softens-after-uk-sold-bonds-with-negative-yield/#respond Wed, 20 May 2020 13:16:05 +0000 https://www.actionforex.com/?p=296703 Sterling weakens mildly today after UK sold government bond with a negative yield for the first time ever. According to the Debt Management office, It auctioned GBP 3.75B of 3-year bonds at an average rate of -0.003%. Demand was weak too with bid-to-cover ratio at 2.15, lowest since March. Nevertheless, Dollar and yen are not […]

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PBOC Pauses in Rate Cutting. Outlook Remains Expansionary amidst Global Demand Uncertainty and Renewed Trade Tensions https://www.actionforex.com/action-insight/china-watch/296590-pboc-pauses-in-rate-cutting-outlook-remains-expansionary-amidst-global-demand-uncertainty-and-renewed-trade-tensions/ https://www.actionforex.com/action-insight/china-watch/296590-pboc-pauses-in-rate-cutting-outlook-remains-expansionary-amidst-global-demand-uncertainty-and-renewed-trade-tensions/#respond Wed, 20 May 2020 07:56:39 +0000 https://www.actionforex.com/?p=296590 PBOC this morning announced to leave the loan prime rate (LPR) unchanged at 3.85%. While this had been widely anticipated, it should not be interpreted as a signal of unwinding monetary stimulus. We believe the pause allows the central bank some time to assess the impact of previous easing measures on the economy. Despite upside […]

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Dollar and Yen Soft, Awaiting Next Move in Risk Markets https://www.actionforex.com/action-insight/market-overview/296451-dollar-and-yen-soft-awaiting-next-move-in-risk-markets/ https://www.actionforex.com/action-insight/market-overview/296451-dollar-and-yen-soft-awaiting-next-move-in-risk-markets/#respond Wed, 20 May 2020 04:47:23 +0000 https://www.actionforex.com/?p=296451 While risk market retreats mildly, the developments in currency markets are unchanged. New Zealand and Australian Dollar remain the strongest one for now. In particular, Kiwi is lifted a bit further by RBNZ governor’s comment that it doesn’t want to go to negative rates for now. Aussie somewhat shrugs off expectedly poor April retail sales […]

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Euro Surges of Recovery Fund Hope, Yen Tumbles https://www.actionforex.com/action-insight/market-overview/296369-euro-surges-of-recovery-fund-hope-yen-tumbles/ https://www.actionforex.com/action-insight/market-overview/296369-euro-surges-of-recovery-fund-hope-yen-tumbles/#respond Tue, 19 May 2020 13:05:31 +0000 https://www.actionforex.com/?p=296369 Yen, Dollar and Swiss Franc remain generally weak today eventual risk rally starts to take a breather in European session. On the other hand, currency market have some what shifted from commodity currencies to Euro and Sterling. Euro is lifted by optimism on the Franco-German recovery fund plan. Sterling is boosted by UK’s new, post-Brexit, […]

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Sterling Soars on New UK Tariff Regime, Broad Based Risk Appetite Continues https://www.actionforex.com/action-insight/market-overview/296169-sterling-soars-on-new-uk-tariff-regime-broad-based-risk-appetite-continues/ https://www.actionforex.com/action-insight/market-overview/296169-sterling-soars-on-new-uk-tariff-regime-broad-based-risk-appetite-continues/#respond Tue, 19 May 2020 06:59:13 +0000 https://www.actionforex.com/?p=296169 Sterling surges notably today after UK announced new tariff regime after Brexit, allowing 60% of trade to be tariff free. In the background, markets are supported by solid risk appetite, on coronavirus vaccine optimism. New Zealand and Australian Dollar are both strong together with the Pound. On the other hand, Yen, Swiss Franc and Dollar […]

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Investor Cheers Coronavirus Vaccine news, Risk On https://www.actionforex.com/action-insight/market-overview/296047-investor-cheers-coronavirus-vaccine-news-risk-on/ https://www.actionforex.com/action-insight/market-overview/296047-investor-cheers-coronavirus-vaccine-news-risk-on/#respond Mon, 18 May 2020 13:39:03 +0000 https://www.actionforex.com/?p=296047 Global stock markets surge sharply today on optimism that coronavirus vaccine research took another big step. New Zealand Dollar leads commodity currencies generally higher. On the other hand, Yen, Dollar and Swiss Franc are under broad based pressure. Gold also retreats notably back below 1750 in the risk-on markets. WTI crude oil is extending recent […]

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