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, 27 Feb 2020 14:12:09 +0000 en-US hourly 1 https://wordpress.org/?v=5.3.2 Euro Surges as Markets Reprice Coronavirus Impacts, Risk Aversion Continues https://www.actionforex.com/action-insight/market-overview/275386-euro-surges-as-markets-reprice-coronavirus-impacts-risk-aversion-continues/ https://www.actionforex.com/action-insight/market-overview/275386-euro-surges-as-markets-reprice-coronavirus-impacts-risk-aversion-continues/#respond Thu, 27 Feb 2020 14:12:09 +0000 https://www.actionforex.com/?p=275386 Global stock market crash on fear of Wuhan coronavirus pandemic continues today, while treasury yields are pressured too. Euro and Swiss Franc are currently the strongest ones. There are a couple of explanations, like safe haven flows out of US, due to free fall in stocks, as well as record low treasury yields. But we […]

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Euro Gaining Upside Momentum While Coronavirus Fears Persist https://www.actionforex.com/action-insight/market-overview/275133-euro-gaining-upside-momentum-while-coronavirus-fears-persist/ https://www.actionforex.com/action-insight/market-overview/275133-euro-gaining-upside-momentum-while-coronavirus-fears-persist/#respond Thu, 27 Feb 2020 03:54:03 +0000 https://www.actionforex.com/?p=275133 Global coronavirus outbreak remain the main theme but markets are having kind of different reactions. US stocks extended this week’s steep decline overnight, down selling pressure seemed to have eased a bit. Nikkei is leading Asian markets low but Chinese stocks are relatively resilient. In the currency markets, commodity currencies remain weakest without a doubt […]

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Dollar Firmer after Hitting Support, While Risk Aversion Eases Mildly https://www.actionforex.com/action-insight/market-overview/275051-dollar-firmer-after-hitting-support-while-risk-aversion-eases-mildly/ https://www.actionforex.com/action-insight/market-overview/275051-dollar-firmer-after-hitting-support-while-risk-aversion-eases-mildly/#respond Wed, 26 Feb 2020 13:58:04 +0000 https://www.actionforex.com/?p=275051 Risk aversion continues today but selloff in the stock markets seem to be easing a bit, with major European indices off lows at the time of writing. Global coronavirus outbreak remains the main focus, with South Korea’s cases surge again to 1261, with 12 deaths. Cases in Italy rose to 323 with 11 deaths. Cases […]

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Aussie Tumbles as Risk Aversion Continues on Global Coronavirus Pandemic Fear https://www.actionforex.com/action-insight/market-overview/274856-aussie-tumbles-as-risk-aversion-continues-on-global-coronavirus-pandemic-fear/ https://www.actionforex.com/action-insight/market-overview/274856-aussie-tumbles-as-risk-aversion-continues-on-global-coronavirus-pandemic-fear/#respond Wed, 26 Feb 2020 07:19:07 +0000 https://www.actionforex.com/?p=274856 Risk aversion continues in Asian session today, following the worst 2-day percentage drop in DOW in two years. Nevertheless, panic is no spreading to other markets so far. Gold is staying in consolidation below 7-year high of 1689, currently hovering around 1645. In the currency markets, Australian is currently the weakest one for today, followed […]

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Markets in Digestion Mode, Awaiting Next Coronavirus Development https://www.actionforex.com/action-insight/market-overview/274762-markets-in-digestion-mode-awaiting-next-coronavirus-development/ https://www.actionforex.com/action-insight/market-overview/274762-markets-in-digestion-mode-awaiting-next-coronavirus-development/#respond Tue, 25 Feb 2020 14:19:58 +0000 https://www.actionforex.com/?p=274762 Global financial markets turned mixed today, digesting yesterday’s steep selloff. Investors are holding their bets again, awaiting next development regarding global outbreak of China’s Wuhan coronavirus. There is no sign of a sustainable recovery European stocks, but US futures point to higher open. In the currency markets, Sterling is so far the strongest one for […]

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Risk Aversion Dominates as China Coronavirus Spreads Quickly Globally https://www.actionforex.com/action-insight/market-overview/274488-risk-aversion-dominates-as-china-coronavirus-spreads-quickly-globally/ https://www.actionforex.com/action-insight/market-overview/274488-risk-aversion-dominates-as-china-coronavirus-spreads-quickly-globally/#respond Tue, 25 Feb 2020 03:33:38 +0000 https://www.actionforex.com/?p=274488 Risk aversion dominates the financial markets as global outbreak of China’s Wuhan coronavirus worsens. DOW suffered the third-worst point drop in history overnight. 30-year yield hit new record low while 10-year yield also hit 3-year low. Though, Asian markets turned mixed, except that Nikkei is in deep red coming back form holiday. In the currency […]

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European Markets Crash on Coronavirus Outbreak in Italy, Risk Aversion Intensifies https://www.actionforex.com/action-insight/market-overview/274409-european-markets-crash-on-coronavirus-outbreak-in-italy-risk-aversion-intensifies/ https://www.actionforex.com/action-insight/market-overview/274409-european-markets-crash-on-coronavirus-outbreak-in-italy-risk-aversion-intensifies/#respond Mon, 24 Feb 2020 14:02:10 +0000 https://www.actionforex.com/?p=274409 Global markets are clearly in deep risk-off mode today. In particular, with the sudden explosion in coronavirus cases in Italy (150 infections and 4 deaths), European stocks are suffering their biggest plunge since 2016. Italian stocks leads the decline, down -4.5%. South Korea is even worse (833 cases and 8 deaths) while KOSPI dropped -3.9%. […]

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Risk Aversion Deepens as China Coronavirus Spreads Quickly to other Countries https://www.actionforex.com/action-insight/market-overview/274146-risk-aversion-deepens-as-china-coronavirus-spreads-quickly-to-other-countries/ https://www.actionforex.com/action-insight/market-overview/274146-risk-aversion-deepens-as-china-coronavirus-spreads-quickly-to-other-countries/#respond Mon, 24 Feb 2020 06:20:28 +0000 https://www.actionforex.com/?p=274146 Risk aversion deepens in global financial markets today as China’s Wuhan coronavirus is clearly spreading to other countries. Gold surges to seven-year high on safe haven flow while Asian stocks are generally pressured. The currency markets are relatively quiet though as major pairs and crosses settle back into Friday’s range after initial spike. Dollar and […]

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Safe Haven Flows into Gold and Treasuries on China Coronavirus Contagion https://www.actionforex.com/action-insight/market-overview/weekly-report/274009-safe-haven-flows-into-gold-and-treasuries-on-china-coronavirus-contagion/ https://www.actionforex.com/action-insight/market-overview/weekly-report/274009-safe-haven-flows-into-gold-and-treasuries-on-china-coronavirus-contagion/#respond Sat, 22 Feb 2020 12:06:41 +0000 https://www.actionforex.com/?p=274009 Outbreak of China’s Wuhan coronavirus continued to be a big market mover last week. According to China’s own numbers, new cases in the country seemed to have slowed even though new daily deaths maintained at around 100 level. What’s worrying is that contagion to other countries, in particular Asia, is getting alarmingly serious. In particular, […]

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European Majors Recover after UK and Eurozone PMIs https://www.actionforex.com/action-insight/market-overview/273914-european-majors-recover-after-uk-and-eurozone-pmis/ https://www.actionforex.com/action-insight/market-overview/273914-european-majors-recover-after-uk-and-eurozone-pmis/#respond Fri, 21 Feb 2020 13:57:47 +0000 https://www.actionforex.com/?p=273914 European majors recover today following better than expected PMI data from UK and Eurozone. Concerns of China’s coronavirus hasn’t materialized into business confidence data yet. On the other hand, commodity currencies are generally lower, followed by Dollar. For the week, while New Zealand and Australian Dollars are among the weakest, Yen remains the worst performing. […]

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Markets Worried as Coronavirus Outbreak Widens, Aussie Decline Continues https://www.actionforex.com/action-insight/market-overview/273656-markets-worried-as-coronavirus-outbreak-widens-aussie-decline-continues/ https://www.actionforex.com/action-insight/market-overview/273656-markets-worried-as-coronavirus-outbreak-widens-aussie-decline-continues/#respond Fri, 21 Feb 2020 05:17:42 +0000 https://www.actionforex.com/?p=273656 Market moods turned sour again today as outbreak of the coronavirus seems to be getting more serious outside China. In particular, South Korea cases surged by 52 to 156. In China, there were 889 new confirmed cases yesterday, with total accumulated cases rose to 75465. China’s Science and Technology¬†said vaccine could be submitted for clinical […]

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Dollar Firm after Solid Job and Manufacturing Data, Selling Focus Turns to Sterling https://www.actionforex.com/action-insight/market-overview/273589-dollar-firm-after-solid-job-and-manufacturing-data-selling-focus-turns-to-sterling/ https://www.actionforex.com/action-insight/market-overview/273589-dollar-firm-after-solid-job-and-manufacturing-data-selling-focus-turns-to-sterling/#respond Thu, 20 Feb 2020 14:11:15 +0000 https://www.actionforex.com/?p=273589 Dollar remains generally firm today as supported by solid job and manufacturing data. Euro’s selloff seem to have temporary passed a near term climate and focuses turn to other major currencies. Australian Dollar suffer deep selling after job data, dragging New Zealand Dollar lower. Meanwhile, Yen is closing following as markets are deeply concerned with […]

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Aussie Tumbles as Unemployment Rate Surged, Yen Weak on Coronavirus Contagion https://www.actionforex.com/action-insight/market-overview/273309-aussie-tumbles-as-unemployment-rate-surged-yen-weak-on-coronavirus-contagion/ https://www.actionforex.com/action-insight/market-overview/273309-aussie-tumbles-as-unemployment-rate-surged-yen-weak-on-coronavirus-contagion/#respond Thu, 20 Feb 2020 04:42:13 +0000 https://www.actionforex.com/?p=273309 Australian Dollar is in free fall in Asian session today as surge in unemployment rate adds to case of April RBA cut. Sentiments are also generally weak as markets disapprove China’s tiny rate cut. Instead, investors are concerned with sign of contagion of Wuhan coronavirus to other Asian countries, in particular Japan and South Korea. […]

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Sentiments Stabilized on China Stimulus Hope, Yen Falls on Political Pressure https://www.actionforex.com/action-insight/market-overview/273224-sentiments-stabilized-on-china-stimulus-hope-yen-falls-on-political-pressure/ https://www.actionforex.com/action-insight/market-overview/273224-sentiments-stabilized-on-china-stimulus-hope-yen-falls-on-political-pressure/#respond Wed, 19 Feb 2020 14:28:50 +0000 https://www.actionforex.com/?p=273224 Yen is under broad based selling pressure today as sentiments somewhat improved with expectations of more stimulus from China to counter the impact of Wuhan coronavirus outbreak. Additionally, Japanese Prime Minister Shinzo Abe is under increasing political pressure on handling the spread of the coronavirus in the country. Sterling is following as second weakest for […]

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Markets Stabilized as Focus Turns to FOMC Minutes, Dollar Resilient https://www.actionforex.com/action-insight/market-overview/272965-markets-stabilized-as-focus-turns-to-fomc-minutes-dollar-resilient/ https://www.actionforex.com/action-insight/market-overview/272965-markets-stabilized-as-focus-turns-to-fomc-minutes-dollar-resilient/#respond Wed, 19 Feb 2020 05:18:45 +0000 https://www.actionforex.com/?p=272965 Yen, Swiss Franc and Dollar weaken mildly today as risk markets stabilized. On the other hand, commodity currencies recover generally. But the movements are so far limited. Investors remain vigilant on the development of China’s Wuhan coronavirus outbreak, but there is no breakthrough in either direction yet. FOMC minutes will be a focus today but […]

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Euro Tumbles Again as Economic Sentiments Deteriorates Sharply, Markets Stays Risk-Off https://www.actionforex.com/action-insight/market-overview/272902-euro-tumbles-again-as-economic-sentiments-deteriorates-sharply-markets-stays-risk-off/ https://www.actionforex.com/action-insight/market-overview/272902-euro-tumbles-again-as-economic-sentiments-deteriorates-sharply-markets-stays-risk-off/#respond Tue, 18 Feb 2020 14:05:36 +0000 https://www.actionforex.com/?p=272902 Markets remain in risk-off mode today after Apple’s warning that China’s Wuhan coronavirus outbreak would hurt sales. Deep deterioration in German economic sentiment also reflect the impact on confidence. Investors will likely remain fragile until there is sign of full operation resumption in China. But that won’t happen soon. In the currency markets, commodity currencies […]

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Risk-off after Apple Warning, Euro Extending Decline ahead of German ZEW https://www.actionforex.com/action-insight/market-overview/272622-risk-off-after-apple-warning-euro-extending-decline-after-of-german-zew/ https://www.actionforex.com/action-insight/market-overview/272622-risk-off-after-apple-warning-euro-extending-decline-after-of-german-zew/#respond Tue, 18 Feb 2020 05:04:55 +0000 https://www.actionforex.com/?p=272622 Markets are back in risk off mode in Asia after Apple’s warning. While Wuhan coronavirus cases in China might appear to have slowed, investors remain vigilant. More risks lie ahead with German economic sentiment data featured today. For now, commodity currencies are the weakest ones as led by Australian Dollar. Yen and Swiss Franc are […]

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Markets Quiet With US on Holiday, Investors Shrug PBoC Stimulus https://www.actionforex.com/action-insight/market-overview/272589-markets-quiet-with-us-on-holiday-investors-shrug-pboc-stimulus/ https://www.actionforex.com/action-insight/market-overview/272589-markets-quiet-with-us-on-holiday-investors-shrug-pboc-stimulus/#respond Mon, 17 Feb 2020 14:21:24 +0000 https://www.actionforex.com/?p=272589 Markets are generally quite today with US on holiday. PBoC’s stimulus measure might have boosted Chinese stocks higher. Reactions from other markets are rather muted. Investors remain generally cautious as this week’s February sentiment data will reveal how much China’s Wuhan Coronavirus outbreak is hurting confidence. In the currency markets, Canadian is currently the strongest, […]

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Yen and Nikkei Lower on GDP Contraction, Pessimistic Outlook https://www.actionforex.com/action-insight/market-overview/272317-yen-and-nikkei-lower-on-gdp-contraction-pessimistic-outlook/ https://www.actionforex.com/action-insight/market-overview/272317-yen-and-nikkei-lower-on-gdp-contraction-pessimistic-outlook/#respond Mon, 17 Feb 2020 05:32:08 +0000 https://www.actionforex.com/?p=272317 Asian markets are mixed as another week starts. Nikkei weakens, together with Yen, as data showed the Japan economy suffered worst contraction in six years. Singapore Strait Times is also mildly lower after the government downgrade this year’s growth forecast. Yet, China and Hong Kong stocks are trading mildly higher despite continuation of Wuhan coronavirus […]

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Euro Collapsed on Coronavirus Spillover Fears, Next Two Weeks Crucial https://www.actionforex.com/action-insight/market-overview/weekly-report/272280-euro-collapsed-on-coronavirus-spillover-fears-next-two-weeks-crucial/ https://www.actionforex.com/action-insight/market-overview/weekly-report/272280-euro-collapsed-on-coronavirus-spillover-fears-next-two-weeks-crucial/#respond Sun, 16 Feb 2020 07:30:28 +0000 https://www.actionforex.com/?p=272280 While China’s Wuhan coronavirus outbreak remained a major focus last week and triggered much volatility. But overall, stocks investors seemed not too bothered, with US indices continuing record runs. Other major markets are mixed only FTSE and Nikkei ended the week lower only. Gold closed higher but is well short of 1600 handle. WTI crude […]

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