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 Mon, 10 Dec 2018 04:53:25 +0000 en-US hourly 1 https://wordpress.org/?v=4.9.8 Sterling Might Wake Up as Brexti Vote Approaches, Busy Week Ahead https://www.actionforex.com/action-insight/market-overview/156015-sterling-might-wake-up-as-brexti-vote-approaches-busy-week-ahead/ https://www.actionforex.com/action-insight/market-overview/156015-sterling-might-wake-up-as-brexti-vote-approaches-busy-week-ahead/#respond Mon, 10 Dec 2018 04:52:32 +0000 https://www.actionforex.com/?p=156015 Asian stocks open the week lower, following Friday’s selloff in the US. But the forex markets are pretty steady. Dollar is the weakest one for now, followed by Sterling and then Canadian. On the other hand, New Zealand Dollar leads the way higher, followed by Euro and then Japanese Yen. As usual on a Monday, […]

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Yield Curve Inversion and Global Slowdown Hammered Stocks, Not US-China Trade Talks https://www.actionforex.com/action-insight/market-overview/weekly-report/155866-yield-curve-inversion-and-global-slowdown-hammered-stocks-not-us-china-trade-talks/ https://www.actionforex.com/action-insight/market-overview/weekly-report/155866-yield-curve-inversion-and-global-slowdown-hammered-stocks-not-us-china-trade-talks/#respond Sat, 08 Dec 2018 15:04:50 +0000 https://www.actionforex.com/?p=155866 It was another volatile week with multiple theme working on the markets. US-China trade truce, arrest of Chinese business executive, stock market routs, treasury yield free fall, US yield curve inversion, weak economic data and global slow down, OPEC+ production cut, UK Brexit parliament debate, Italy budget. All have a hand in market volatility. Commodity […]

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Canadian Dollar Strikes Back on Stellar Job Data, Dollar Shrugs NFP Miss https://www.actionforex.com/action-insight/market-overview/155726-canadian-dollar-strikes-back-on-stellar-job-data-dollar-shrugs-nfp-miss/ https://www.actionforex.com/action-insight/market-overview/155726-canadian-dollar-strikes-back-on-stellar-job-data-dollar-shrugs-nfp-miss/#respond Fri, 07 Dec 2018 14:06:57 +0000 https://www.actionforex.com/?p=155726 Dollar spikes lower in early US session after non-farm payroll report showed lower than expected job and wage growth. That adds to argument that the momentum US job growth has peaked. Nevertheless, there is no follow through selling in the greenback seen. The only exception is USD/CAD with Canadian Dollar shot higher by stellar employment […]

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Sentiments Stabilized with DOW’s Late Rebound, Dollar Turns to Non-Farm Payrolls https://www.actionforex.com/action-insight/market-overview/155433-sentiments-stabilized-with-dows-late-rebound-dollar-turns-to-non-farm-payrolls/ https://www.actionforex.com/action-insight/market-overview/155433-sentiments-stabilized-with-dows-late-rebound-dollar-turns-to-non-farm-payrolls/#respond Fri, 07 Dec 2018 04:40:06 +0000 https://www.actionforex.com/?p=155433 Risk sentiments generally stabilized after the late rebound in US stocks overnight. DOW hit as low as 24242.22 but closed at 24947.67. Down just -0.32%. S&P 500 also hit as low as 2621.53 but closed at 2695.95, down only -0.15%. NASDAQ even reversed and closed up 0.42% at 7188.26. Treasury yield, however, closed deeper lower […]

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Dollar Slightly Lower on Job Data Miss, But Risk Aversion Still the Main Theme. https://www.actionforex.com/action-insight/market-overview/155332-dollar-slightly-lower-on-job-data-miss-but-risk-aversion-still-the-main-theme/ https://www.actionforex.com/action-insight/market-overview/155332-dollar-slightly-lower-on-job-data-miss-but-risk-aversion-still-the-main-theme/#respond Thu, 06 Dec 2018 14:07:04 +0000 https://www.actionforex.com/?p=155332 Dollar softens mildly against European majors in early US session after weaker than expected job data. But risk aversion remains the overall theme of the market. Australian Dollar stays the weakest one, followed by Canadian and New Zealand Dollar. WTI crude oil is back at 51.2 as even though OPEC+ might agree to a production […]

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Australian Dollar Dives Again as Risk Aversion Intensifies on Chinese Tech Giant Huawei https://www.actionforex.com/action-insight/market-overview/155040-australian-dollar-dives-again-as-risk-aversion-intensifies-on-chinese-tech-giant-huawei/ https://www.actionforex.com/action-insight/market-overview/155040-australian-dollar-dives-again-as-risk-aversion-intensifies-on-chinese-tech-giant-huawei/#respond Thu, 06 Dec 2018 04:44:29 +0000 https://www.actionforex.com/?p=155040 Risk aversion intensifies in Asian session again. In particular, Hong Kong stocks lead the decline on news of arrest of Chinese tech giant Huawei’s CFO Meng Wanzhou. The arrest is reported to be in relation to Huawei violating US sanctions by shipping US originated products to Iran and some other countries. Canada also confirmed that […]

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Sterling Rebounds on Brexit Rethinks and Technical Support https://www.actionforex.com/action-insight/market-overview/154957-sterling-rebounds-on-brexit-rethinks-and-technical-support/ https://www.actionforex.com/action-insight/market-overview/154957-sterling-rebounds-on-brexit-rethinks-and-technical-support/#respond Wed, 05 Dec 2018 14:08:31 +0000 https://www.actionforex.com/?p=154957 Sterling stages a broad based rebound today despite poor PMI services data. The Pound is partly helped by technical support from GBP/USD (at 1.2661) and EUR/GBP (at 0.8939). Additionally, traders are probably reassessing Brexit scenarios. A tricky point is on what would Common’s rejection of Prime Minister Theresa May’s Brexit deal lead to. One far […]

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Dollar Regains Ground as Investors Rush from Stocks to Bonds, Aussie Additionally Pressured by GDP Miss https://www.actionforex.com/action-insight/market-overview/154630-dollar-regains-ground-as-investors-rush-from-stocks-to-bonds-aussie-additionally-pressured-by-gdp-miss/ https://www.actionforex.com/action-insight/market-overview/154630-dollar-regains-ground-as-investors-rush-from-stocks-to-bonds-aussie-additionally-pressured-by-gdp-miss/#respond Wed, 05 Dec 2018 05:56:02 +0000 https://www.actionforex.com/?p=154630 The US stock markets closed sharply lower overnight while treasury yields also dived. Such patterns continue in Asia, seeing major indices pressured while JGB year yields also drop. There are clear flows out of stocks into bonds. Fed has already turned less hawkish with Chair Jerome Powell’s turn last week. US and China also announced […]

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Dollar Broadly Lower as 10 Year Yield Breaks Below 3% https://www.actionforex.com/action-insight/market-overview/154541-dollar-broadly-lower-as-10-year-yield-breaks-below-3/ https://www.actionforex.com/action-insight/market-overview/154541-dollar-broadly-lower-as-10-year-yield-breaks-below-3/#respond Tue, 04 Dec 2018 13:51:47 +0000 https://www.actionforex.com/?p=154541 Dollar is under broad based selling pressure on falling treasury yields, globally. In particular, 10 year yield drops below 3% level for the first time since September. Canadian Dollar and Swiss Franc are following as the next weakest. On the other hand, return to risk aversion and falling global yields pop up Yen as the […]

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Yen Surges as Nikkei Tumbles and JGB Yield Falls https://www.actionforex.com/action-insight/market-overview/154295-yen-surges-as-nikkei-tumbles-and-jgb-yield-falls/ https://www.actionforex.com/action-insight/market-overview/154295-yen-surges-as-nikkei-tumbles-and-jgb-yield-falls/#respond Tue, 04 Dec 2018 06:45:30 +0000 https://www.actionforex.com/?p=154295 Yen jumps broadly today as Asian stocks weaken, moving past the positive catalyst of US-China trade truce quickly. Nikkei closed down -2.39%, more than enough to reverse Monday’s 1.00% gain. Additionally, 10 year JGB yield is down is down -0.010 at 0.073, comparing to October’s high at 0.162. There is notably some safe haven flows […]

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Sentiments Supported by Trade Truce, But Sterling Down on Renewed Brexit Worries https://www.actionforex.com/action-insight/market-overview/154190-sentiments-supported-by-trade-truce-but-sterling-down-on-renewed-brexit-worries/ https://www.actionforex.com/action-insight/market-overview/154190-sentiments-supported-by-trade-truce-but-sterling-down-on-renewed-brexit-worries/#respond Mon, 03 Dec 2018 13:09:43 +0000 https://www.actionforex.com/?p=154190 The global financial markets are blessed by strong risk appetite today, as US and China agreed on 90 days ceasefire on trade war. US stock futures point to sharply higher open, following strengthen and European and Asian markets. Australian Dollar, being a close trade partner of both the US and China, and a risk sensitive […]

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US-China Trade War Ceasefire, Stocks and Aussie Surge, Dollar and Yen Weaken https://www.actionforex.com/action-insight/market-overview/153914-us-china-trade-war-ceasefire-stocks-and-aussie-surge-dollar-and-yen-weaken/ https://www.actionforex.com/action-insight/market-overview/153914-us-china-trade-war-ceasefire-stocks-and-aussie-surge-dollar-and-yen-weaken/#respond Mon, 03 Dec 2018 07:29:58 +0000 https://www.actionforex.com/?p=153914 US and China agreed not to escalate trade war after meeting between Trump and Xi. A cease-fire agreement was reached. Even though it’s just for 90 days, Asian markets responded positively to the development with all major indices recording solid gains. DOW futures are also pointing to a day of 2% gain for now. In […]

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A Look at Market Pricing on Fed Rate Path after Powell’s U-Turn https://www.actionforex.com/action-insight/market-overview/weekly-report/153701-a-look-at-market-pricing-on-fed-rate-path-after-powells-u-turn/ https://www.actionforex.com/action-insight/market-overview/weekly-report/153701-a-look-at-market-pricing-on-fed-rate-path-after-powells-u-turn/#respond Sat, 01 Dec 2018 14:07:13 +0000 https://www.actionforex.com/?p=153701 Fed Chair Jerome Powell’s speech last week was sort of a turning point. Stocks staged a strong rally and helped lifted Kiwi and Aussie as the strongest ones. Nevertheless, despite being sold off steeply, Dollar has indeed reversed much the the losses and ended as the third strongest one. Sterling ended as the weakest one […]

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Euro Lower after Inflation Data, Dollar Pare Losses ahead of Trump-Xi Meeting https://www.actionforex.com/action-insight/market-overview/153584-euro-lower-after-inflation-data-dollar-pare-losses-ahead-of-trump-xi-meeting/ https://www.actionforex.com/action-insight/market-overview/153584-euro-lower-after-inflation-data-dollar-pare-losses-ahead-of-trump-xi-meeting/#respond Fri, 30 Nov 2018 14:09:39 +0000 https://www.actionforex.com/?p=153584 The forex markets are generally staying in familiar range as traders turn cautious ahead of G20 summit and, of course, the highly anticipated Trump-Xi summit. There are rumors flying around on whether there will be a deal of no deal. But it’s no to productive to guess at this point. We’ll see soon. For today, […]

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Dollar Recovers after FOMC Minutes, But Overall Markets in Consolidative Mode https://www.actionforex.com/action-insight/market-overview/153288-dollar-recovers-after-fomc-minutes-but-overall-markets-in-consolidative-mode/ https://www.actionforex.com/action-insight/market-overview/153288-dollar-recovers-after-fomc-minutes-but-overall-markets-in-consolidative-mode/#respond Fri, 30 Nov 2018 04:58:27 +0000 https://www.actionforex.com/?p=153288 Dollar is trying to recover again today, with rather weak momentum so far. FOMC minutes released overnight didn’t prompt renewed selling in the greenback. Instead, traders are turning cautious ahead of the highly anticipated meeting between Trump and China Xi in Argentina. For now, Yen is the second strongest one for today, following Kiwi. Swiss […]

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Dollar Rebound Attempt Capped by Weaker Core Inflation, Yen Gains ahead of G20 https://www.actionforex.com/action-insight/market-overview/153203-dollar-rebound-attempt-capped-by-weaker-core-inflation-yen-gains-ahead-of-g20/ https://www.actionforex.com/action-insight/market-overview/153203-dollar-rebound-attempt-capped-by-weaker-core-inflation-yen-gains-ahead-of-g20/#respond Thu, 29 Nov 2018 14:23:09 +0000 https://www.actionforex.com/?p=153203 After yesterday selloff triggered by Fed Chair Jerome Powell, Dollar turns mixed today. It did try to regain some grounds in early European session. But the attempt falters after weaker than expected inflation reading from the US. Focus will now turn to minutes of the November FOMC meeting. It’s important to see whether it’s a […]

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Dollar Tumbled on Fed Powell’s Awkward Dovish Turn, FOMC Minutes Now Awaited https://www.actionforex.com/action-insight/market-overview/152903-dollar-tumbled-on-fed-powells-awkward-dovish-turn-fomc-minutes-now-awaited/ https://www.actionforex.com/action-insight/market-overview/152903-dollar-tumbled-on-fed-powells-awkward-dovish-turn-fomc-minutes-now-awaited/#respond Thu, 29 Nov 2018 04:44:38 +0000 https://www.actionforex.com/?p=152903 Dollar tumbled steeply overnight on Fed chair Jerome Powell’s awkward dovish turn. Within a matter of weeks, interests rate went from being “long way from” to “just below” neutral. Markets took that as a sign Fed is nearing a pause in the current hike cycle. DOW staged a decisive 617.7 pts or 2.50% rally. Minutes […]

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Sterling Makes a Come Back, Dollar Awaits Fed Powell https://www.actionforex.com/action-insight/market-overview/152815-sterling-makes-a-come-back-dollar-awaits-fed-powell/ https://www.actionforex.com/action-insight/market-overview/152815-sterling-makes-a-come-back-dollar-awaits-fed-powell/#respond Wed, 28 Nov 2018 13:54:42 +0000 https://www.actionforex.com/?p=152815 The British Pound makes a strong come back today and is trading as the strongest one at the time of writing. UK government released its long term Brexit economic analysis, showing that Prime Minister Theresa May’s Brexit deal could bring as little as -0.1% drag in GDP in 15 years. Though, Sterling’s rebound today is […]

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Dollar Turns Mixed as Rally Attempt Lost Steam, Trump Attacks Fed Again https://www.actionforex.com/action-insight/market-overview/152497-dollar-turns-mixed-as-rally-attempt-lost-steam-trump-attacks-fed-again/ https://www.actionforex.com/action-insight/market-overview/152497-dollar-turns-mixed-as-rally-attempt-lost-steam-trump-attacks-fed-again/#respond Wed, 28 Nov 2018 05:36:40 +0000 https://www.actionforex.com/?p=152497 Dollar turned mixed after yesterday rally attempt met with no follow through commitments from bulls. Trump reiterated his attack on Fed and on Jay Powell personally. Comments from Fed officials were mixed. But the greenback paid little attention overall. Australian and New Zealand Dollar are again the strongest ones today but upside is very limited. […]

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Sterling and Euro Turn Weaker, But Dollar Struggles to Extend Gain https://www.actionforex.com/action-insight/market-overview/152411-sterling-and-euro-turn-weaker-but-dollar-struggles-to-extend-gain/ https://www.actionforex.com/action-insight/market-overview/152411-sterling-and-euro-turn-weaker-but-dollar-struggles-to-extend-gain/#respond Tue, 27 Nov 2018 13:27:39 +0000 https://www.actionforex.com/?p=152411 Sterling and Euro are trading as the weaker ones today, in otherwise mixed markets. Dollar appeared to be lifted by Trump’s renewed threats to China on tariffs. He said it’s “highly unlikely” to drop the planned tariff hike on Jan 1 and more could come if no deal is made with Xi this week. But […]

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