Market Overview – 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, 19 Sep 2020 12:50:32 +0000 en-US hourly 1 https://wordpress.org/?v=5.5.1 Yen Surged Again, Dollar Rally Failed, Sterling Pared Losses https://www.actionforex.com/action-insight/market-overview/weekly-report/327711-yen-surged-again-dollar-rally-failed-sterling-pared-losses/ https://www.actionforex.com/action-insight/market-overview/weekly-report/327711-yen-surged-again-dollar-rally-failed-sterling-pared-losses/#respond Sat, 19 Sep 2020 12:50:32 +0000 https://www.actionforex.com/?p=327711 Yen ended up broadly as the strongest one last week, extending this month’s rebound. Domestically, political uncertainty was cleared with Yoshihide Suga took up the job of Prime Minister, ensuring continuity of Abenomics. Externally, geopolitical risks at the South China Sea and Taiwan Strait heightened while US-China relations deteriorated further. Coronavirus infections came back with […]

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Yen Rises Further in Flip-Flopping Markets https://www.actionforex.com/action-insight/market-overview/327616-yen-rises-further-in-flip-flopping-markets/ https://www.actionforex.com/action-insight/market-overview/327616-yen-rises-further-in-flip-flopping-markets/#respond Fri, 18 Sep 2020 13:24:35 +0000 https://www.actionforex.com/?p=327616 Yen picks up some upside momentum again today while the forex markets continue to flip-flop elsewhere. Australian Dollar turn softer, followed by Canadian and Swiss Franc. Kiwi is the second strongest next to Yen, followed by Sterling and Dollar. For the week, Yen remains the strongest one. There is potential for further rally should stocks […]

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Dollar Rally Fades, Sterling Pares Losses, Yen Still Firm https://www.actionforex.com/action-insight/market-overview/327431-dollar-rally-fades-sterling-pares-losses-yen-still-firm/ https://www.actionforex.com/action-insight/market-overview/327431-dollar-rally-fades-sterling-pares-losses-yen-still-firm/#respond Fri, 18 Sep 2020 06:23:42 +0000 https://www.actionforex.com/?p=327431 Dollar is back trading as the weakest one for the week as it’s earlier rally attempt faded quickly. Though, Euro and Swiss Franc are not too far behind as the next weakest. Yen is also paring some of this week’s gain but remains generally firm. New Zealand Dollar is surprisingly the strongest one for the […]

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Sterling Plummets as BoE Hints on Negative Rates, Yen Surges https://www.actionforex.com/action-insight/market-overview/327337-sterling-plummets-as-boe-hints-on-negative-rates-yen-surges/ https://www.actionforex.com/action-insight/market-overview/327337-sterling-plummets-as-boe-hints-on-negative-rates-yen-surges/#respond Thu, 17 Sep 2020 13:17:50 +0000 https://www.actionforex.com/?p=327337 Sterling drops broadly today as BoE minutes indicated that the central bank is already discussing implementation negative interest rates. On the other hand, Yen is currently the strongest one, extending this week’s strong rally. Risk aversion and falling treasury yields are both helping the Yen higher. Dollar lost some momentum after initial post-FOMC rise, but […]

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Dollar Surges as FOMC Risks Cleared, on Asian Risk Aversion https://www.actionforex.com/action-insight/market-overview/327103-dollar-surges-as-fomc-risks-cleared-on-asian-risk-aversion/ https://www.actionforex.com/action-insight/market-overview/327103-dollar-surges-as-fomc-risks-cleared-on-asian-risk-aversion/#respond Thu, 17 Sep 2020 04:05:52 +0000 https://www.actionforex.com/?p=327103 Dollar surges broadly today partly because FOMC announcement and projections overnight removed the risk of extra dovishness. Also, Hong Kong led decline in Asian stocks is providing extra support to the greenback. Yen is following closely as the second strongest for now. On the other hand, New Zealand Dollar is currently the worst one, followed […]

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Yen Surges as Traders Look Forward to FOMC Projections https://www.actionforex.com/action-insight/market-overview/326985-yen-surges-as-traders-look-forward-to-fomc-projections/ https://www.actionforex.com/action-insight/market-overview/326985-yen-surges-as-traders-look-forward-to-fomc-projections/#respond Wed, 16 Sep 2020 13:28:36 +0000 https://www.actionforex.com/?p=326985 Yen rises broadly today as markets are awaiting Fed policy decision. The strength in Yen since last week seems to be related to inflation expectations. It first followed comments from an ECB official that the pandemic impact impact would eventually be demand dominate, and thus deflationary. Such view could be reflected in today’s Fed projections […]

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Dollar Softens Mildly as Focus Turns to FOMC Statement and Projections https://www.actionforex.com/action-insight/market-overview/326757-dollar-softens-mildly-as-focus-turns-to-fomc-statement-and-projections/ https://www.actionforex.com/action-insight/market-overview/326757-dollar-softens-mildly-as-focus-turns-to-fomc-statement-and-projections/#respond Wed, 16 Sep 2020 05:19:17 +0000 https://www.actionforex.com/?p=326757 Dollar trades generally soft in Asian session but losses are so far limited. The greenback is actually still staying above last week’s low against all but Yen and Kiwi. Major focus will turn to FOMC today and traders could finally commit to a direction, after getting Fed’s new economic projections. As for today, euro is […]

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Yen Surges Broadly, Dollar and Euro Weak https://www.actionforex.com/action-insight/market-overview/326692-yen-surges-broadly-dollar-and-euro-weak/ https://www.actionforex.com/action-insight/market-overview/326692-yen-surges-broadly-dollar-and-euro-weak/#respond Tue, 15 Sep 2020 13:33:07 +0000 https://www.actionforex.com/?p=326692 Dollar trades broadly lower today but there seems to be no clear unified theme in the financial markets. Stocks are in risk-on mode, lifting the Australian Dollar. But Yen is also generally higher despite some mild recovery in treasury yields. Sterling’s recovery is understandable as it’s digesting some of last week’s steep losses. Brexit uncertainty […]

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Aussie Rallies as Chinese Data Gives Sentiment Additional Boost https://www.actionforex.com/action-insight/market-overview/326479-aussie-rallies-as-chinese-data-gives-sentiment-additional-boost/ https://www.actionforex.com/action-insight/market-overview/326479-aussie-rallies-as-chinese-data-gives-sentiment-additional-boost/#respond Tue, 15 Sep 2020 06:48:38 +0000 https://www.actionforex.com/?p=326479 Investors seemed to have put last week’s selloff in stocks behind already. Asian markets, except Japan, trade generally higher following the rebound in the US overnight. Additional, upside surprises in data from China boost optimism that it’s back on track for stronger rebound for the rest of the year. In the currency markets, Australian Dollar […]

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Sterling Recovers Mildly ahead of an Eventful Week, Dollar Treads Water https://www.actionforex.com/action-insight/market-overview/326387-sterling-recovers-mildly-ahead-of-an-eventful-week-dollar-treads-water/ https://www.actionforex.com/action-insight/market-overview/326387-sterling-recovers-mildly-ahead-of-an-eventful-week-dollar-treads-water/#respond Mon, 14 Sep 2020 13:07:27 +0000 https://www.actionforex.com/?p=326387 Trading in the forex markets remain generally subdued for now. While US stocks are set for a rebound, currency traders are not to bothered with that. Sterling is so far the stronger one for today, as traders take profits on shorts, ahead of of the string of UK data, BoE and Brexit developments. Australian Dollar […]

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NZD Mildly Higher on Lockdown Exit, Yen Awaits Breakout https://www.actionforex.com/action-insight/market-overview/326149-nzd-mildly-higher-on-lockdown-exit-yen-awaits-breakout/ https://www.actionforex.com/action-insight/market-overview/326149-nzd-mildly-higher-on-lockdown-exit-yen-awaits-breakout/#respond Mon, 14 Sep 2020 06:52:44 +0000 https://www.actionforex.com/?p=326149 New Zealand Dollar trades generally higher in otherwise quiet markets today. The news of lockdown exit is lift sentiments on Kiwi, even though upside is relatively limited. Other major forex pairs and crosses are bounded inside Friday’s range though. Trading could remain subdued due to a light calendar today. But volatility is guaranteed with major […]

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No-Deal Brexit Could Push Sterling Back into Medium Term Down Trend https://www.actionforex.com/action-insight/market-overview/weekly-report/326059-no-deal-brexit-could-push-sterling-back-into-medium-term-down-trend/ https://www.actionforex.com/action-insight/market-overview/weekly-report/326059-no-deal-brexit-could-push-sterling-back-into-medium-term-down-trend/#respond Sat, 12 Sep 2020 14:51:34 +0000 https://www.actionforex.com/?p=326059 Sterling’s selloff was the most decisive move last week. UK-EU negotiations seemed heading to a dead-end as UK published the so-called internal market bill, which violates part of the Brexit Withdrawal Agreement. WTO style of trade relationship after Brexit looks more likely than ever. Technical developments in Sterling pairs suggest that weakness would persist for […]

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Markets Steady ahead of Weekend, USD Shrugs CPI https://www.actionforex.com/action-insight/market-overview/325893-markets-steady-ahead-of-weekend-usd-shrugs-cpi/ https://www.actionforex.com/action-insight/market-overview/325893-markets-steady-ahead-of-weekend-usd-shrugs-cpi/#respond Fri, 11 Sep 2020 13:02:58 +0000 https://www.actionforex.com/?p=325893 The markets are generally rather steady today, awaiting weekly close. Major European indices are mixed in tight range. US futures point to mildly higher open, arguing that yesterday’s selloff might not extend for now. Commodity currencies are generally firmer today while Dollar and Yen are the weakest. Stronger than expected US CPI readings are ignored. […]

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Euro Rebound Fades Quickly, Sterling Decline Continues https://www.actionforex.com/action-insight/market-overview/325714-euro-rebound-fades-quickly-sterling-decline-continues/ https://www.actionforex.com/action-insight/market-overview/325714-euro-rebound-fades-quickly-sterling-decline-continues/#respond Fri, 11 Sep 2020 07:27:07 +0000 https://www.actionforex.com/?p=325714 Sterling weakness remains the unified theme in the markets this week. The Pound remain under pressure in Asian session today while recovery attempt was brief and weak. As for the week, Canadian Dollar is currently the second weakest, in tandem with the sharp decline in oil price. Swiss Franc and Yen are the strongest so […]

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Euro Surges as ECB Gives No Red Light to Appreciation https://www.actionforex.com/action-insight/market-overview/325574-euro-surges-as-ecb-gives-no-red-light-to-appreciation/ https://www.actionforex.com/action-insight/market-overview/325574-euro-surges-as-ecb-gives-no-red-light-to-appreciation/#respond Thu, 10 Sep 2020 13:20:21 +0000 https://www.actionforex.com/?p=325574 Euro jumps notably as ECB insist that it doesn’t target the exchange rate, despite recent appreciation, suggesting that they’re still comfortable with the current level. The common currency also takes Swiss Franc higher with it. On the other hand, Sterling is left behind as European majors. The Pound suffers another round of selloff as EU […]

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Euro Awaits ECB for Next Move, Sterling Weakness Persists https://www.actionforex.com/action-insight/market-overview/325342-euro-awaits-ecb-for-next-move-sterling-weakness-persists/ https://www.actionforex.com/action-insight/market-overview/325342-euro-awaits-ecb-for-next-move-sterling-weakness-persists/#respond Thu, 10 Sep 2020 05:45:39 +0000 https://www.actionforex.com/?p=325342 Sterling remains the weakest one for the week, without a doubt in the otherwise mixed forex markets. Overall risk sentiments stabilized with the overnight rebound in US stocks. Dollar has pared back much of this week’s gains together with Yen. Euro is currently the stronger one for today, as helped by cross buying against the […]

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Pound Selloff Continues, Risk Sentiments Stabilized https://www.actionforex.com/action-insight/market-overview/325261-pound-selloff-continues-risk-sentiments-stabilized/ https://www.actionforex.com/action-insight/market-overview/325261-pound-selloff-continues-risk-sentiments-stabilized/#respond Wed, 09 Sep 2020 13:24:45 +0000 https://www.actionforex.com/?p=325261 The Pound’s selloff continues today as the UK government’s so called internal market bill draws wide criticism, from EU to Scotland and Wales. Traders continue to off-load Sterling on no-deal Brexit risks. European markets, though, somewhat stabilized and recovered from yesterday’s selloff. US stocks futures also point to recovery at open. Yen and Dollar turns […]

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Euro Vulnerable Against Dollar and Yen as Risk Aversion Intensifies https://www.actionforex.com/action-insight/market-overview/325018-euro-vulnerable-against-dollar-and-yen-as-risk-aversion-intensifies/ https://www.actionforex.com/action-insight/market-overview/325018-euro-vulnerable-against-dollar-and-yen-as-risk-aversion-intensifies/#respond Wed, 09 Sep 2020 05:09:21 +0000 https://www.actionforex.com/?p=325018 Yen remains generally firm as Asian session as deep risk aversion carries forward from US markets. Concerns over coronavirus vaccine development was a major factor weighing on sentiments. Dollar turns softer, digesting yesterday’s gains, but remains generally firm. Sterling continues to trade as the weakest one and selloff is continuing on no-deal Brexit worries. A […]

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Risk Aversion Comes Back on Tech Rout, No-Deal Brexit https://www.actionforex.com/action-insight/market-overview/324926-risk-aversion-comes-back-on-tech-rout-no-deal-brexit/ https://www.actionforex.com/action-insight/market-overview/324926-risk-aversion-comes-back-on-tech-rout-no-deal-brexit/#respond Tue, 08 Sep 2020 12:44:15 +0000 https://www.actionforex.com/?p=324926 Risk aversion is back in the markets today. On the one hand, US stocks are set to open sharply lower as they return from holiday. Tech rout is continuing with NASAQ futures down more than -3% at the time of writing. On the other hand, no-deal Brexit worries intensify as UK continues with its hard-line […]

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Dollar Firm But No Breakthrough Yet, Except Versus Swiss Franc https://www.actionforex.com/action-insight/market-overview/324716-dollar-firm-but-no-breakthrough-yet-except-versus-swiss-franc/ https://www.actionforex.com/action-insight/market-overview/324716-dollar-firm-but-no-breakthrough-yet-except-versus-swiss-franc/#respond Tue, 08 Sep 2020 04:46:01 +0000 https://www.actionforex.com/?p=324716 Sterling remains generally weaker today, on Brexit concerns. But Swiss Franc is apparently worse for now, dropping through a near term support level against the greenback. On the other hand, Yen and Dollar stay firm in mixed Asian markets. Yen is not too troubled by data that showed deeper than estimated economic contraction in Q2. […]

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