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 Thu, 09 Jul 2020 13:22:41 +0000 en-US hourly 1 https://wordpress.org/?v=5.4.2 Sterling Continues to Shine While Stocks Take a Breather https://www.actionforex.com/action-insight/market-overview/309780-sterling-continues-to-shine-while-stocks-take-a-breather/ https://www.actionforex.com/action-insight/market-overview/309780-sterling-continues-to-shine-while-stocks-take-a-breather/#respond Thu, 09 Jul 2020 13:22:41 +0000 https://www.actionforex.com/?p=309780 Sterling continues to trade as the strongest one on stimulus optimism while Europe majors are also firm. On the other hand, Dollar remains the weakest one, even worse than Japanese Yen. Stock market rally might take a breath again today with US futures pointing to flat open. Major European indices are also mixed. After all, […]

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Dollar Selloff Resumes as Euro Powers Up https://www.actionforex.com/action-insight/market-overview/309512-dollar-selloff-resumes-as-euro-powers-up/ https://www.actionforex.com/action-insight/market-overview/309512-dollar-selloff-resumes-as-euro-powers-up/#respond Thu, 09 Jul 2020 05:03:18 +0000 https://www.actionforex.com/?p=309512 Dollar is sold off broadly while Yen is following as the second weakest. Sentiments are apparently lifted by stimulus hopes despite surge in global coronavirus cases. European majors are leading the way higher, with Sterling having a touch more strength. Commodity currencies, on the other hand, somewhat lag behind. In particular, Australian Dollar is troubled […]

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Gold Surges Through 1800 While Currencies Range Bound https://www.actionforex.com/action-insight/market-overview/309426-gold-surges-through-1800-while-currencies-range-bound/ https://www.actionforex.com/action-insight/market-overview/309426-gold-surges-through-1800-while-currencies-range-bound/#respond Wed, 08 Jul 2020 12:55:49 +0000 https://www.actionforex.com/?p=309426 Major forex pairs and crosses are staying inside yesterday’s range as trading turned subdued. US futures are nearly flat despite mild weakness in European markets. Europe majors are currently the strongest ones for the week, as led by Sterling. The Pound is paying no attention to the deadlock in Brexit negotiations. Commodity currencies are the […]

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Commodity Currencies Weaken as Risk Rally Lost Momentum, Sterling Shrugs Brexit Deadlock https://www.actionforex.com/action-insight/market-overview/309228-commodity-currencies-weaken-as-risk-rally-lost-momentum-sterling-shrugs-brexit-deadlock/ https://www.actionforex.com/action-insight/market-overview/309228-commodity-currencies-weaken-as-risk-rally-lost-momentum-sterling-shrugs-brexit-deadlock/#respond Wed, 08 Jul 2020 07:21:00 +0000 https://www.actionforex.com/?p=309228 Australian Dollar weakens generally today and takes commodity currencies lower too. Risk-on markets have taken a halt this week, with some notably pullbacks in the US markets overnight. But Asian markets are just mixed. European majors are generally firmer for today, as led by Sterling. Brexit negotiations deadlock is so far generally ignored. Dollar is […]

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Sterling Regains Ground as Dollar Lacks Follow Through Buying https://www.actionforex.com/action-insight/market-overview/309114-sterling-regains-ground-as-dollar-lacks-follow-through-buying/ https://www.actionforex.com/action-insight/market-overview/309114-sterling-regains-ground-as-dollar-lacks-follow-through-buying/#respond Tue, 07 Jul 2020 12:58:29 +0000 https://www.actionforex.com/?p=309114 Markets are in mild risk-off mode today but losses are so far limited so far. Dollar attempts for a rebound but upside is so far limited. The greenback is somewhat outshone by Sterling, which is regaining so strength, in particular against Euro and Yen. Australian Dollar is currently the worst performing one as its second […]

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Aussie Lower as Melbourne Back in Lockdown, RBA Stands Pat https://www.actionforex.com/action-insight/market-overview/308876-aussie-lower-as-melbourne-back-in-lockdown-rba-stands-pat/ https://www.actionforex.com/action-insight/market-overview/308876-aussie-lower-as-melbourne-back-in-lockdown-rba-stands-pat/#respond Tue, 07 Jul 2020 06:27:01 +0000 https://www.actionforex.com/?p=308876 Australian Dollar trades mildly lower today as Asian stocks outside China are paring gains. Also, as coronavirus virus cases surged again in Victoria state, Melbourne is back in lockdown. Meanwhile, RBA stands pat as widely expected and provide little inspirations. As for now, commodity currencies are also weak while Dollar and Sterling are the stronger […]

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Markets in Full Risk On, Dollar Tumbles While Euro Surges https://www.actionforex.com/action-insight/market-overview/308763-markets-in-full-risk-on-dollar-tumbles-while-euro-surges/ https://www.actionforex.com/action-insight/market-overview/308763-markets-in-full-risk-on-dollar-tumbles-while-euro-surges/#respond Mon, 06 Jul 2020 12:55:00 +0000 https://www.actionforex.com/?p=308763 Powerful rally in Chinese stock markets push global equities sharply higher today. Europeans indices are all in black, DOW future is up nearly 400 pts while NASDAQ is set to extend record run. Yen and Dollar are both the worst performing ones in risk-on markets. Euro is the strongest this time, and takes Swiss Franc […]

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Euro Jumps as China Markets Extend Powerful Rally https://www.actionforex.com/action-insight/market-overview/308489-euro-jumps-as-china-markets-extend-powerful-rally/ https://www.actionforex.com/action-insight/market-overview/308489-euro-jumps-as-china-markets-extend-powerful-rally/#respond Mon, 06 Jul 2020 04:48:32 +0000 https://www.actionforex.com/?p=308489 Dollar and Yen are under pressure today as Asian markets opened the week with strong rally. In particular, Chinese stocks are extending last week’s powerful rise, taking Hong Kong equities up too. In the currency markets, though, Euro is currently the largest beneficiary and is so far the strongest. it’s followed by commodity currencies, with […]

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Markets Welcome Solid Economic Data and Ignored Coronavirus Numbers https://www.actionforex.com/action-insight/market-overview/weekly-report/308390-markets-welcome-solid-economic-data-and-ignored-coronavirus-numbers/ https://www.actionforex.com/action-insight/market-overview/weekly-report/308390-markets-welcome-solid-economic-data-and-ignored-coronavirus-numbers/#respond Sat, 04 Jul 2020 08:56:00 +0000 https://www.actionforex.com/?p=308390 Markets looked rather indifferent to the resurgence of coronavirus infections. Daily new cases surged to new high above 200k. Total cases broke 11m while deaths is closing in to 530k. But traders and investors couldn’t care less. Instead, sentiments were lifted by hope of recovery ahead, with Q3 already started. US ISM manufacturing turned back […]

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Sentiments Supported Further by China Services Data, Yen and Dollar Soft https://www.actionforex.com/action-insight/market-overview/308084-sentiments-supported-further-by-china-services-data-yen-and-dollar-soft/ https://www.actionforex.com/action-insight/market-overview/308084-sentiments-supported-further-by-china-services-data-yen-and-dollar-soft/#respond Fri, 03 Jul 2020 05:31:01 +0000 https://www.actionforex.com/?p=308084 Markets are generally trading in risk-on mode today. NASDAQ surged to new record highs overnight following solid US job data. Better than expected China services data continue to support sentiment. Yen, Dollar and Euro are set to end the week as the worst performing ones while Sterling and commodity currencies would be the strongest. Technically, […]

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Strong NFP Lifts Stock But Not Dollar, Yen Weakens https://www.actionforex.com/action-insight/market-overview/308030-strong-nfp-lifts-stock-but-not-dollar-yen-weakens/ https://www.actionforex.com/action-insight/market-overview/308030-strong-nfp-lifts-stock-but-not-dollar-yen-weakens/#respond Thu, 02 Jul 2020 13:16:30 +0000 https://www.actionforex.com/?p=308030 Strong employment data from the US boosts market sentiments as DOW future is up over 400 pts at the time of writing. European indices are also extending gains. The greenback however, shrugs of the data and it’s trading as the second weakest for today, next to Yen. New Zealand Dollar is currently the strongest, followed […]

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Sterling Could Steal the Show From Dollar as Focus Turns to NFP https://www.actionforex.com/action-insight/market-overview/307803-sterling-could-steal-the-show-from-dollar-as-focus-turns-to-nfp/ https://www.actionforex.com/action-insight/market-overview/307803-sterling-could-steal-the-show-from-dollar-as-focus-turns-to-nfp/#respond Thu, 02 Jul 2020 06:53:23 +0000 https://www.actionforex.com/?p=307803 Dollar and Yen are both trading as the weakest ones for the week for now. FOMC minutes released overnight gave little support to the greenback, nor that ADP job number and ISM manufacturing. Focus is turning to non-farm payrolls report to be released today. Sterling’s roller coaster ride continues and it’s now the strongest one […]

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Euro Tumbles in Indecisive Markets, Mildly Risk-off https://www.actionforex.com/action-insight/market-overview/307683-euro-tumbles-in-indecisive-markets-mildly-risk-off/ https://www.actionforex.com/action-insight/market-overview/307683-euro-tumbles-in-indecisive-markets-mildly-risk-off/#respond Wed, 01 Jul 2020 13:08:18 +0000 https://www.actionforex.com/?p=307683 Markets continue to trade in rather indecisive mode today. DOW futures point to mildly lower open, following European stocks, and is getting not support from solid ADP job data. Yen appears to be rebounding but it’s kept well above near term resistance level against others. Swiss Fran, on the other hand, is paring some of […]

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Yen Up after Poor Tankan, Mixed Markets Await Guidance https://www.actionforex.com/action-insight/market-overview/307425-yen-up-after-poor-tankan-mixed-markets-await-guidance/ https://www.actionforex.com/action-insight/market-overview/307425-yen-up-after-poor-tankan-mixed-markets-await-guidance/#respond Wed, 01 Jul 2020 04:31:05 +0000 https://www.actionforex.com/?p=307425 The overall markets remain rather mixed so far. Rebound in US stocks overnight didn’t carry forward to Asian session. Nikkei is weighed down by poor Tankan survey data. Dollar’s rally attempt was somewhat knocked down by up trend resumption in Gold. Recovery in oil prices also dragged down the greenback and lifted Canadian. Focus will […]

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Dollar Firms Up But Yet to Break Resistance Against Weakening Euro https://www.actionforex.com/action-insight/market-overview/307348-dollar-firms-up-but-yet-to-break-resistance-against-weakening-euro/ https://www.actionforex.com/action-insight/market-overview/307348-dollar-firms-up-but-yet-to-break-resistance-against-weakening-euro/#respond Tue, 30 Jun 2020 13:21:29 +0000 https://www.actionforex.com/?p=307348 Dollar continues to stay firm in early US session as supported by strength against Sterling, Yen and to a lesser extent Canadian. Yet, the moves are rather indecisive elsewhere. The greenback remains bounded in range against Euro and Aussie, and even Swiss Franc. Euro receives no support from stronger than expected inflation data. The common […]

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Yen and Franc Weaken Broadly, Euro Strength Uncertain https://www.actionforex.com/action-insight/market-overview/307091-yen-and-franc-weaken-broadly-euro-strength-uncertain/ https://www.actionforex.com/action-insight/market-overview/307091-yen-and-franc-weaken-broadly-euro-strength-uncertain/#respond Tue, 30 Jun 2020 06:20:16 +0000 https://www.actionforex.com/?p=307091 Yen and Swiss Franc are trading as the weakest ones for the week so far, partly due to the strong rebound in stock markets overnight. Sterling is following as the next worst performing as traders continue to price in Brexit uncertainties. Yet, it’s unsure which currency is benefiting most from the current developments. Dollar, Euro […]

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Euro Lifted By Improve Confidence, and Tumbling Sterling https://www.actionforex.com/action-insight/market-overview/307016-euro-lifted-by-improve-confidence-and-tumbling-sterling/ https://www.actionforex.com/action-insight/market-overview/307016-euro-lifted-by-improve-confidence-and-tumbling-sterling/#respond Mon, 29 Jun 2020 13:09:15 +0000 https://www.actionforex.com/?p=307016 Sterling tumbles broadly today, appeared to be weighed down by UK Prime Minister Boris Johnson’s plan to double down on public investments. The selloff is particularly apparent against Euro, as the latter was lifted mildly by improvements in Eurozone confidence indicators, and better than expected Germany CPI. The developments also took Swiss Franc higher. On […]

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Dollar Turned Mildly Softer in Subdued Trading, Import Data Lie Ahead https://www.actionforex.com/action-insight/market-overview/306909-dollar-turned-mildly-softer-in-subdued-trading-import-data-lie-ahead/ https://www.actionforex.com/action-insight/market-overview/306909-dollar-turned-mildly-softer-in-subdued-trading-import-data-lie-ahead/#respond Mon, 29 Jun 2020 08:05:59 +0000 https://www.actionforex.com/?p=306909 The markets opened the week with mild risk aversion, in response to continuously surging global coronavirus cases. Japanese stock was additionally weighed down by poor retail sales data. But outside of Japan, losses are relatively limited. European indices have indeed opened mixed only while US futures are slightly up. In the currency markets, Dollar turned […]

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Risk Reversal Building Up on Coronavirus and US-China Tensions https://www.actionforex.com/action-insight/market-overview/weekly-report/306663-risk-reversal-building-up-on-coronavirus-and-us-china-tensions/ https://www.actionforex.com/action-insight/market-overview/weekly-report/306663-risk-reversal-building-up-on-coronavirus-and-us-china-tensions/#respond Sat, 27 Jun 2020 13:08:36 +0000 https://www.actionforex.com/?p=306663 The conditions for risk reversal continued to build up last week and somewhat intensified. On the one hand, daily new coronavirus cases surged to new high for the world world, as well as for the US. Daily global new deaths were steady and the US death tolls trended down. Yet, the development is enough for […]

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Sterling Dips, Swiss Franc Rises as Weekly Close Approaches https://www.actionforex.com/action-insight/market-overview/306515-sterling-dips-swiss-franc-rises-as-weekly-close-approaches/ https://www.actionforex.com/action-insight/market-overview/306515-sterling-dips-swiss-franc-rises-as-weekly-close-approaches/#respond Fri, 26 Jun 2020 13:13:53 +0000 https://www.actionforex.com/?p=306515 Sterling appears to be under some selling pressure today, without any special driver. A possible reason is some repositioning ahead of next week’s Brexit talks. Meanwhile, Yen appears to be regaining some growth, together with Swiss Franc. There is some upside potential on risk-off traders ahead of the weekly close, as US futures point to […]

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