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 Sat, 21 Sep 2019 13:18:12 +0000 en-US hourly 1 https://wordpress.org/?v=5.2.3 Yen Jumps as Trade Optimism Waned Suddenly after China Canceled Farm Trip https://www.actionforex.com/action-insight/market-overview/235528-yen-jumps-as-trade-optimism-waned-suddenly-after-china-canceled-farm-trip/ https://www.actionforex.com/action-insight/market-overview/235528-yen-jumps-as-trade-optimism-waned-suddenly-after-china-canceled-farm-trip/#respond Sat, 21 Sep 2019 13:18:12 +0000 https://www.actionforex.com/?p=235528 Yen and Swiss Franc ended as the strongest ones last week. They’re partly supported by lack of clear indication of imminent easing from respective central banks. There was additional buying on a pessimistic turn on US-China trade talks. Dollar ended mixed after Fed’s hawkish rate cut. Theorectically, Fed should be done with its mid-cycle adjustment. […]

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Dollar Regains Ground after US Exempts Some Tariffs on China https://www.actionforex.com/action-insight/market-overview/235424-dollar-regains-ground-after-us-exempts-some-tariffs-on-china/ https://www.actionforex.com/action-insight/market-overview/235424-dollar-regains-ground-after-us-exempts-some-tariffs-on-china/#respond Fri, 20 Sep 2019 13:36:19 +0000 https://www.actionforex.com/?p=235424 Dollar regains some ground in early US session as US exempts tariffs on some Chinese products temporarily. It seems that both sides are keen to create the right mood for continuing negotiations, at least for now. Though, at this points, Swiss Franc and Yen remain the stronger ones for the day. Sterling has turned from […]

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Sterling Surges as EU Juncker said a Brexit Deal is Possible by Oct 31 https://www.actionforex.com/action-insight/market-overview/235220-sterling-surges-as-eu-juncker-said-a-brexit-deal-is-possible-by-oct-31/ https://www.actionforex.com/action-insight/market-overview/235220-sterling-surges-as-eu-juncker-said-a-brexit-deal-is-possible-by-oct-31/#respond Fri, 20 Sep 2019 06:57:13 +0000 https://www.actionforex.com/?p=235220 Sterling rises broadly today on optimism that a Brexit deal could finally be reached by the end of next month. For now, Swiss Franc and Yen are following as next strongest. On the other hand, Dollar turns soft as post-FOMC lift continued to fade, followed by New Zealand Dollar and than Canadian. For the week, […]

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BOE Stays Put But Warns of the Market Volatility in Case of Further Brexit Delay https://www.actionforex.com/action-insight/central-bank-analysis/235131-boe-stays-put-but-warns-of-the-market-volatility-in-case-of-further-brexit-delay/ https://www.actionforex.com/action-insight/central-bank-analysis/235131-boe-stays-put-but-warns-of-the-market-volatility-in-case-of-further-brexit-delay/#respond Thu, 19 Sep 2019 15:12:39 +0000 https://www.actionforex.com/?p=235131 BOE voted 9-0 to leave the Bank rate unchanged at 0.75%. It also maintained the asset purchase program at 435B pound and corporate purchase at 10B pound. BOE also made detailed discussion on the problems stemmed from Brexit uncertainty. The members warned that “shifting expectations about the potential timing and nature of Brexit” have “heightened […]

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Focus Turning to Trade Talks after BoE, SNB and BoJ https://www.actionforex.com/action-insight/market-overview/235097-focus-turning-to-trade-talks-after-boe-snb-and-boj/ https://www.actionforex.com/action-insight/market-overview/235097-focus-turning-to-trade-talks-after-boe-snb-and-boj/#respond Thu, 19 Sep 2019 13:36:28 +0000 https://www.actionforex.com/?p=235097 Swiss Franc and Yen are trading as the strongest for today so far. Both like lifted by somewhat dovish yet balanced central bank decisions. There are no clear indication of imminent policy easing from SNB nor BoJ yet. On other hand, commodity currencies are generally lower as led by Australian, which is pressured by rise […]

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SNB Raises Exemption Threshold for Negative Rate; CHF Rises on No Rate Cut https://www.actionforex.com/action-insight/central-bank-analysis/235016-snb-raises-exemption-threshold-for-negative-rate-chf-rises-on-no-rate-cut/ https://www.actionforex.com/action-insight/central-bank-analysis/235016-snb-raises-exemption-threshold-for-negative-rate-chf-rises-on-no-rate-cut/#respond Thu, 19 Sep 2019 10:19:18 +0000 https://www.actionforex.com/?p=235016 SNB left the policy rate unchanged at -0.75%. It reiterated the commitment to “intervene in the foreign exchange market as necessary, while taking the overall currency situation into consideration”. Additionally, the central bank adjusted the interest charged on banks’ excess reserve. The rationale is similar to ECB’s tiering system – defending banking sector profitability. SNB […]

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Dollar Lacks Follow Through Buying after Fed’s Hawkish Cut https://www.actionforex.com/action-insight/market-overview/234814-dollar-lacks-follow-through-buying-after-feds-hawkish-cut/ https://www.actionforex.com/action-insight/market-overview/234814-dollar-lacks-follow-through-buying-after-feds-hawkish-cut/#respond Thu, 19 Sep 2019 05:05:12 +0000 https://www.actionforex.com/?p=234814 The stock markets are mixed after the hawkish rate cut by Fed overnight but treasury yields are back under pressure. Dollar rose mildly after the announcement but there was no follow through buying. Yen surges broadly today, riding on falling yields, followed by Swiss Franc. Australian Dollar is the weakest one on rise in unemployment […]

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US Oil Inventory Climbed Higher Across the Board, After Weeks of Withdrawal https://www.actionforex.com/action-insight/oil-n-gold/234784-us-oil-inventory-climbed-higher-across-the-board-after-weeks-of-withdrawal/ https://www.actionforex.com/action-insight/oil-n-gold/234784-us-oil-inventory-climbed-higher-across-the-board-after-weeks-of-withdrawal/#respond Thu, 19 Sep 2019 04:09:32 +0000 https://www.actionforex.com/?p=234784 The report from the US Energy Information Administration (EIA) shows that total crude oil and petroleum products (ex. SPR) stocks sank -3.14 mmb to 1295.96 mmb in the week ended September 13. Crude oil inventory added 1.06 mmb to 417.13 mmb (consensus: -2.5 mmb). Inventories decreased in 4 out of 5 PADDs. Cushing stock dropped […]

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FOMC Cut Rate by -25 bps. Third Cut Still Possible Despite Sounding Less Dovish https://www.actionforex.com/action-insight/central-bank-analysis/234766-fomc-cut-rate-by-25-bps-third-cut-still-possible-despite-sounding-less-dovish/ https://www.actionforex.com/action-insight/central-bank-analysis/234766-fomc-cut-rate-by-25-bps-third-cut-still-possible-despite-sounding-less-dovish/#respond Thu, 19 Sep 2019 03:14:16 +0000 https://www.actionforex.com/?p=234766 Fed lowered the policy rate by -25 bps to 1.75-2.00%, although market expectations of a rate cut diminished markedly ahead of the meeting. The decision was not unanimous. Yet, it revealed a more divided Fed. The updated median dot plot shows a significant minority favoring one more cut by end-2019. As such, there remains chance […]

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Markets in Tight Range and Fed Rate Cut Awaited https://www.actionforex.com/action-insight/market-overview/234669-markets-in-tight-range-and-fed-rate-cut-awaited/ https://www.actionforex.com/action-insight/market-overview/234669-markets-in-tight-range-and-fed-rate-cut-awaited/#respond Wed, 18 Sep 2019 13:35:19 +0000 https://www.actionforex.com/?p=234669 The forex markets are generally stuck in very tight range today, as markets await Fed’s rate cut. Dollar is the stronger one as followed by Canadian and Yen. Australian Dollar is the weakest one so far. Sterling follows as second weakest after lower than expected consumer inflation reading. New Zealand Dollar is the third weakest. […]

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Dollar Mildly Higher as Fed Cut Turned From Done Deal to Debatable https://www.actionforex.com/action-insight/market-overview/234427-dollar-mildly-higher-as-fed-cut-turned-from-done-deal-to-debatable/ https://www.actionforex.com/action-insight/market-overview/234427-dollar-mildly-higher-as-fed-cut-turned-from-done-deal-to-debatable/#respond Wed, 18 Sep 2019 06:15:45 +0000 https://www.actionforex.com/?p=234427 Dollar firms up mildly today as all eyes are on FOMC rate decision. A rate cut has turned from being a done deal to debatable, based on market pricing. While a cut is still generally expected, the greenback could be supported if Fed signals that the door for further mid-cycle adjustment is closed. Over the […]

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Euro Recovers as German Economic Sentiment Rebounds, Dollar also Higher https://www.actionforex.com/action-insight/market-overview/234313-euro-recovers-as-german-economic-sentiment-rebounds-dollar-also-higher/ https://www.actionforex.com/action-insight/market-overview/234313-euro-recovers-as-german-economic-sentiment-rebounds-dollar-also-higher/#respond Tue, 17 Sep 2019 13:06:47 +0000 https://www.actionforex.com/?p=234313 Euro recovers mildly today as partly supported by strong rebound in German economic sentiment. Though, upside is capped for now as outlook for the country remains negative. Follows as the second strongest, then Yen. Fed is still widely expected to cut interest rate again tomorrow. And the question is whether Chair Jerome Powell would signal […]

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FOMC Preview – Focus on Dot Plot for Potential Third Rate Cut https://www.actionforex.com/action-insight/central-bank-analysis/234135-fomc-preview-focus-on-dot-plot-for-potential-third-rate-cut/ https://www.actionforex.com/action-insight/central-bank-analysis/234135-fomc-preview-focus-on-dot-plot-for-potential-third-rate-cut/#respond Tue, 17 Sep 2019 09:00:30 +0000 https://www.actionforex.com/?p=234135 Another rate cut, by -25 bps, is a done deal this week, although the market has trimmed its expectations to 66% from 92% a week ago. This would take Fed funds rate’s target range to 1.75-2%. The focus of the meeting is the number of members in support of further easing. The media dot plot […]

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Australian Dollar Turns Soft after RBA Minutes, on Mild Risk Aversion https://www.actionforex.com/action-insight/market-overview/234058-australian-dollar-turns-soft-after-rba-minutes-on-mild-risk-aversion/ https://www.actionforex.com/action-insight/market-overview/234058-australian-dollar-turns-soft-after-rba-minutes-on-mild-risk-aversion/#respond Tue, 17 Sep 2019 06:27:10 +0000 https://www.actionforex.com/?p=234058 Australian Dollar weakens broadly in Asian session after RBA minutes suggested more rate cuts ahead. Commodity currencies are also generally lower on mild risk aversion. There is little support from news of US-Japan trade agreement. on the other hand, Swiss Franc and Euro are trading generally stronger, followed by Dollar. The greenback is supported by […]

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Moody’s and Fitch’s Downgrade Hong Kong on Concerns about Closer Link with China https://www.actionforex.com/action-insight/special-topics/234006-moodys-and-fitchs-downgrade-hong-kong-on-concerns-about-closer-link-with-china/ https://www.actionforex.com/action-insight/special-topics/234006-moodys-and-fitchs-downgrade-hong-kong-on-concerns-about-closer-link-with-china/#respond Tue, 17 Sep 2019 04:06:47 +0000 https://www.actionforex.com/?p=234006 On the 100th day of Hong Kong’s anti-extradition movement, Moody’s downgraded the territory’s outlook to negative from stable. Although the credit rating stayed unchanged at Aa2 (two notches above China’s A1), a negative outlook signals that a rating downgrade could come in one to two years. Less than two weeks ago, Fitch’s downgraded Hong Kong’s […]

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Euro & Sterling Weak after Johnson’s Meeting with Juncker Made No Progress https://www.actionforex.com/action-insight/market-overview/233951-euro-sterling-weak-after-johnsons-meeting-with-juncker-made-no-progress/ https://www.actionforex.com/action-insight/market-overview/233951-euro-sterling-weak-after-johnsons-meeting-with-juncker-made-no-progress/#respond Mon, 16 Sep 2019 13:40:23 +0000 https://www.actionforex.com/?p=233951 Euro drops broadly today on some dovish comments from ECB officials. Also, it’s believed that surge in oil prices could hurt Eurozone’s balance of payment. Sterling stays weak as meeting between Prime Minster Boris Johnson and EU Jean-Claude Juncker ended without any noticeable progress. Generally weaker sentiments also keep Australian Dollar soft. On the other […]

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China Watch – Economy Going from Bad to Worse https://www.actionforex.com/action-insight/china-watch/233902-china-watch-economy-going-from-bad-to-worse/ https://www.actionforex.com/action-insight/china-watch/233902-china-watch-economy-going-from-bad-to-worse/#respond Mon, 16 Sep 2019 11:21:21 +0000 https://www.actionforex.com/?p=233902 China’s macroeconomic indicators showed significant weakness across the board. Industrial production gained +4.4% y/y in August, easing from +4.8% in the prior month. The growth rate came in weaker than consensus of +5.2% and marks the slowest in over 17 years. The rapid slowdown was partly driven by the cutback of production ahead of October […]

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Canadian Dollar Rebounds on Strong Oil Prices, Yen Firmer on Mild Risk Aversion https://www.actionforex.com/action-insight/market-overview/233682-canadian-dollar-rebounds-on-strong-oil-prices-yen-firmer-on-mild-risk-aversion/ https://www.actionforex.com/action-insight/market-overview/233682-canadian-dollar-rebounds-on-strong-oil-prices-yen-firmer-on-mild-risk-aversion/#respond Mon, 16 Sep 2019 06:40:15 +0000 https://www.actionforex.com/?p=233682 Canadian recovers notably today following the strong rally in oil prices, after attack on Saudi Arabia’s oil production. Yen follows as the second strongest on mild risk aversion, as sentiments are also weighed down by poor Chinese data. On the other hand, Sterling is the paring some of last week’s rebound, awaiting meeting between UK […]

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Fed Might Cut Just Once More in Mid-Cycle Adjustment as Sentiments Improved https://www.actionforex.com/action-insight/market-overview/weekly-report/233565-fed-might-cut-just-once-more-in-mid-cycle-adjustment-as-sentiments-improved/ https://www.actionforex.com/action-insight/market-overview/weekly-report/233565-fed-might-cut-just-once-more-in-mid-cycle-adjustment-as-sentiments-improved/#respond Sun, 15 Sep 2019 07:47:00 +0000 https://www.actionforex.com/?p=233565 Threat of US-China trade war escalation receded last week after both sides offered some concessions. Further than that, there is increasing hope of de-escalation of some form as the idea of an “interim” trade deal floated around. Both sides seemed to be communicating well in preparation for the meeting in October. There is prospect for […]

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CFTC Commitments of Traders – Traders Trimmed Bets on USD as Fed Expected to Cut Rate Next Week https://www.actionforex.com/action-insight/special-topics/233508-cftc-commitments-of-traders-traders-trimmed-bets-on-usd-as-fed-expected-to-cut-rate-next-week/ https://www.actionforex.com/action-insight/special-topics/233508-cftc-commitments-of-traders-traders-trimmed-bets-on-usd-as-fed-expected-to-cut-rate-next-week/#respond Sat, 14 Sep 2019 07:19:08 +0000 https://www.actionforex.com/?p=233508 As suggested in the CFTC Commitments of Traders report in the week ended September 10, NET LENGTH in USD Index added +296 contracts to 32 032. Speculative long positions ell -4 927 contracts and short positions also declined -5 223 contracts. Traders trimmed bets on the greenback ahead of the FOMC meeting next week. Concerning […]

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