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 Wed, 16 Oct 2019 13:45:46 +0000 en-US hourly 1 https://wordpress.org/?v=5.2.4 Dollar Shrugs Poor Retail Sales, Sterling Continues to Await Brexit Deal https://www.actionforex.com/action-insight/market-overview/242279-dollar-shrugs-poor-retail-sales-sterling-continues-to-await-brexit-deal/ https://www.actionforex.com/action-insight/market-overview/242279-dollar-shrugs-poor-retail-sales-sterling-continues-to-await-brexit-deal/#respond Wed, 16 Oct 2019 13:45:46 +0000 https://www.actionforex.com/?p=242279 Sterling is attempting to resume recent rally even though there is no clear break through in Brexit negotiations yet. European Council President Donald Tusk said it may take another seven to eight hours before knowing when Brexit may happen. As news and rumors come in, we may seen more commitment from Pound traders. Meanwhile, Dollar […]

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Sterling Firm as Brexit Deal is Near, Inflation Data Watched https://www.actionforex.com/action-insight/market-overview/241999-sterling-firm-as-brexit-deal-is-near-inflation-data-watched/ https://www.actionforex.com/action-insight/market-overview/241999-sterling-firm-as-brexit-deal-is-near-inflation-data-watched/#respond Wed, 16 Oct 2019 04:13:14 +0000 https://www.actionforex.com/?p=241999 Pound stays generally firm in Asian session after yesterday’s rally. UK and EU are getting closer to a Brexit deal and further progress could give Sterling another punch above. As for today, Yen and Swiss Franc are mildly firmer together with dollar. Meanwhile, Australian Dollar and New Zealand Dollars are the weakest. For the week, […]

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Sterling Firmer in Tight Range, Yen Mildly Higher as US-China Trade Deal Back in Question https://www.actionforex.com/action-insight/market-overview/241903-sterling-firmer-in-tight-range-yen-mildly-higher-as-us-china-trade-deal-back-in-question/ https://www.actionforex.com/action-insight/market-overview/241903-sterling-firmer-in-tight-range-yen-mildly-higher-as-us-china-trade-deal-back-in-question/#respond Tue, 15 Oct 2019 13:09:28 +0000 https://www.actionforex.com/?p=241903 Commodity currencies are generally softer today, as led by New Zealand Dollar. Euro also turned softer despite slightly better than expected German ZEW economic sentiment. US-China trade deal appears to be in question again, but reactions are so far mild. On the other hand, Sterling appears to be slightly strong despite weaker than expected job […]

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Australian Dollar Steady after RBA Minutes, Markets Staying in Tight Range https://www.actionforex.com/action-insight/market-overview/241648-australian-dollar-steady-after-rba-minutes-markets-staying-in-tight-range/ https://www.actionforex.com/action-insight/market-overview/241648-australian-dollar-steady-after-rba-minutes-markets-staying-in-tight-range/#respond Tue, 15 Oct 2019 05:54:31 +0000 https://www.actionforex.com/?p=241648 The forex markets are staying in tight range in Asian session today. More clarity is needed regarding two of the biggest global risks, before traders commit more. It’s unlikely for a Brexit deal to be reached at the EU summit this week. And it’s reported that EU could hold a new emergency summit before end […]

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Yen, Swiss and Dollar Higher as Markets Rethink US-China Deal in Holiday Trading https://www.actionforex.com/action-insight/market-overview/241573-yen-swiss-and-dollar-higher-as-markets-rethink-us-china-deal-in-holiday-trading/ https://www.actionforex.com/action-insight/market-overview/241573-yen-swiss-and-dollar-higher-as-markets-rethink-us-china-deal-in-holiday-trading/#respond Mon, 14 Oct 2019 13:31:50 +0000 https://www.actionforex.com/?p=241573 Yen, Swiss Franc and Dollar continue to regain some grounds today as markets reassess US-China trade negotiations developments. New Zealand Dollar, Sterling and Australian Dollar are generally softer too. But overall trading is rather subdued with Japan, US and Canada on holiday. Today’s price actions are, for now, generally seen as consolidative. That is, Sterling […]

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Markets Higher But Cautiously Await Brexit and US-China Trade Developments https://www.actionforex.com/action-insight/market-overview/241382-markets-higher-but-cautiously-await-brexit-and-us-china-trade-developments/ https://www.actionforex.com/action-insight/market-overview/241382-markets-higher-but-cautiously-await-brexit-and-us-china-trade-developments/#respond Mon, 14 Oct 2019 07:30:47 +0000 https://www.actionforex.com/?p=241382 Asian markets opened higher but there is no clear follow through buying so far. Investors are cautiously assessing the overall developments. Nothing is done until everything is done. Even if, unlike last time, China puts all agreed into texts, it just means no more tariffs escalations at best. Much more are needed to be done […]

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US-China Trade Deal and Brexit Optimism Lifted Sentiments https://www.actionforex.com/action-insight/market-overview/weekly-report/241217-us-china-trade-deal-and-brexit-optimism-lifted-sentiments/ https://www.actionforex.com/action-insight/market-overview/weekly-report/241217-us-china-trade-deal-and-brexit-optimism-lifted-sentiments/#respond Sun, 13 Oct 2019 06:40:31 +0000 https://www.actionforex.com/?p=241217 Global markets were boosted strongly last week as there seemed to be resolution to two major risks finally. UK and Ireland appeared to have found the “pathway” to avoid no-deal Brexit. Meanwhile, US and China agreed an interim trade deal that would avert further tariffs escalation. The improvement in sentiments was best reflected in the […]

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Sterling Skyrockets on Brexit Optimism, Canadian Jumps on Job Data https://www.actionforex.com/action-insight/market-overview/241072-sterling-skyrockets-on-brexit-optimism-canadian-jumps-on-job-data/ https://www.actionforex.com/action-insight/market-overview/241072-sterling-skyrockets-on-brexit-optimism-canadian-jumps-on-job-data/#respond Fri, 11 Oct 2019 12:59:53 +0000 https://www.actionforex.com/?p=241072 Sterling is overwhelmingly the strongest one on optimism that UK will finally reach a deal with EU for an orderly Brexit. EU Chief Brexit negotiator Michel Barnier is said to be given greenlight for tunnel discussions, paving the way for next week’s crucial EU summit. Canadian Dollar is currently the second strongest, as boosted by […]

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Sentiments Lifted by Optimism on Brexit and US-China Trade Talks https://www.actionforex.com/action-insight/market-overview/240810-sentiments-lifted-by-optimism-on-brexit-and-us-china-trade-talks/ https://www.actionforex.com/action-insight/market-overview/240810-sentiments-lifted-by-optimism-on-brexit-and-us-china-trade-talks/#respond Fri, 11 Oct 2019 06:06:31 +0000 https://www.actionforex.com/?p=240810 Sentiments had a drastic turn yesterday as both Brexit and US-China trade talks appeared to show some lights. Sterling rebounded strongly on hope there would finally be a deal to orderly Brexit on October 31. The Pound is set to end the week as the strongest one. Euro is currently the second strong, but clearly […]

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Euro Jumps as ECB Accounts Showed Division on Stimulus, Dollar and Yen Weak https://www.actionforex.com/action-insight/market-overview/240714-euro-jumps-as-ecb-accounts-showed-division-on-stimulus-dollar-and-yen-weak/ https://www.actionforex.com/action-insight/market-overview/240714-euro-jumps-as-ecb-accounts-showed-division-on-stimulus-dollar-and-yen-weak/#respond Thu, 10 Oct 2019 14:09:00 +0000 https://www.actionforex.com/?p=240714 Dollar and Yen are generally softer today following notable rebound in German and US treasury yields. ECB meeting accounts confirmed the divided opinion among policy makers on the stimulus package, in particular QE. That gives a strong support in both Euro and German bund yields. Meanwhile, solid core CPI from US also support US yields. […]

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Markets Stay Cautious as US-China Trade Talks Awaited https://www.actionforex.com/action-insight/market-overview/240427-markets-stay-cautious-as-us-china-trade-talks-awaited/ https://www.actionforex.com/action-insight/market-overview/240427-markets-stay-cautious-as-us-china-trade-talks-awaited/#respond Thu, 10 Oct 2019 05:23:58 +0000 https://www.actionforex.com/?p=240427 Overall, the forex markets remain generally quiet in very tight range. Australian dollar edged higher in Asian session as lifted by stronger than expected consumer inflation expectations. Yet, there was on follow through buying. Yen and Dollar are both softer as sentiments remain cautious. Traders are very skeptical on whether any progress could be made […]

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Consolidation Continues as Markets Await FOMC Minutes and Trade Talks https://www.actionforex.com/action-insight/market-overview/240348-consolidation-continues-as-markets-await-fomc-minutes-and-trade-talks/ https://www.actionforex.com/action-insight/market-overview/240348-consolidation-continues-as-markets-await-fomc-minutes-and-trade-talks/#respond Wed, 09 Oct 2019 13:02:25 +0000 https://www.actionforex.com/?p=240348 Consolidative trading continues in the financial markets. US futures point to recovery despite uncertainties over US-China trade talks. Yet, markets are just paring some of yesterday’s losses. The currency markets are also generally bounded inside yesterday’s range. Dollar is slightly softer, awaiting FOMC minutes. Sterling had a rollercoaster ride on Brexit rumors. Commodity currencies are […]

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Sterling Stays Weak on Brexit, Investors Uneased by US-China Tensions https://www.actionforex.com/action-insight/market-overview/240096-sterling-stays-weak-on-brexit-investors-uneased-by-us-china-tensions/ https://www.actionforex.com/action-insight/market-overview/240096-sterling-stays-weak-on-brexit-investors-uneased-by-us-china-tensions/#respond Wed, 09 Oct 2019 06:34:40 +0000 https://www.actionforex.com/?p=240096 The forex markets are rather steady in tight range in Asian session today. Over the week, Sterling is the weakest as Prime Minister Boris Johnson’s Brexit proposal appeared to be unwelcome by EU. And he’s facing fresh rebellions from his cabinet. Investors are a bit uneasy as political tensions between US and China heat up […]

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Sterling Tumbles on Brexit, Investors Cautious on Trade Talks https://www.actionforex.com/action-insight/market-overview/240005-sterling-tumbles-on-brexit-investors-cautious-on-trade-talks/ https://www.actionforex.com/action-insight/market-overview/240005-sterling-tumbles-on-brexit-investors-cautious-on-trade-talks/#respond Tue, 08 Oct 2019 13:35:12 +0000 https://www.actionforex.com/?p=240005 Investors turned generally cautious again after Bloomberg came back with another report that US is on ways to further scrutinize index providers’ decision to add Chinese firms that could be material risks for investors. The administration believed that Americans are harmed by channeling funds into Chinese companies which pose national security threats the US, and […]

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Sentiments Improved Mildly as Trade Talks Awaited, Yen and Dollar Softer https://www.actionforex.com/action-insight/market-overview/239772-sentiments-improved-mildly-as-trade-talks-awaited-yen-and-dollar-softer/ https://www.actionforex.com/action-insight/market-overview/239772-sentiments-improved-mildly-as-trade-talks-awaited-yen-and-dollar-softer/#respond Tue, 08 Oct 2019 06:28:36 +0000 https://www.actionforex.com/?p=239772 Yen weakens generally today in response to rebounds in Asian markets, as China and Hong Kong are back from holidays. Additionally, US 10-year yield closed mildly higher at 2.045 overnight, seemed to be drawing some support from 2% handle. But sentiments are still capped by uncertainties over US-China trade negotiations. For now, Dollar is the […]

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Sterling Lower on Brexit Uncertainties, But Ignore Scottish Court Ruling https://www.actionforex.com/action-insight/market-overview/239673-sterling-lower-on-brexit-uncertainties-but-ignore-scottish-court-ruling/ https://www.actionforex.com/action-insight/market-overview/239673-sterling-lower-on-brexit-uncertainties-but-ignore-scottish-court-ruling/#respond Mon, 07 Oct 2019 13:01:11 +0000 https://www.actionforex.com/?p=239673 Sterling trades generally soft today as markets are awaiting Brexit developments. Scotland’s Outer House of the Court of Session┬áruled against the request to force Prime Minister Boris Johnson to seek Brexit delay. But that was only because “government’s clearly stated position before the court, there is no need for coercive orders against it or against […]

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Yen Firmer in Quiet Markets, Eye on US-China Trade Talks https://www.actionforex.com/action-insight/market-overview/239404-yen-firmer-in-quiet-markets-eye-on-us-china-trade-talks/ https://www.actionforex.com/action-insight/market-overview/239404-yen-firmer-in-quiet-markets-eye-on-us-china-trade-talks/#respond Mon, 07 Oct 2019 05:37:12 +0000 https://www.actionforex.com/?p=239404 The forex markets are generally quiet today, staying in tight ranges. Trading is subdued with China and Hong Kong on holiday. Yen, Euro and Dollar are the mildly firmer ones. Australian Dollar, Sterling and Swiss Franc are the relatively weaker ones. US-China trade talks and Brexit will be the focuses this week. And we’d see […]

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Dollar Ended Lower on Recession Fear and Fed Cut Bets, Awaits Trade Talks https://www.actionforex.com/action-insight/market-overview/weekly-report/239265-dollar-ended-lower-on-recession-fear-and-fed-cut-bets-awaits-trade-talks/ https://www.actionforex.com/action-insight/market-overview/weekly-report/239265-dollar-ended-lower-on-recession-fear-and-fed-cut-bets-awaits-trade-talks/#respond Sat, 05 Oct 2019 13:51:24 +0000 https://www.actionforex.com/?p=239265 Dollar ended last week generally lower, except versus Swiss Franc and Canadian Dollar. The greenback was pressured as poor economic data raised recessions fears while traders added to bet of Fed cut this month. Though, there is no clear sign of bearish reversal in the greenback yet, except versus Yen. After all, even though Fed […]

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Dollar Directionless after Mixed Non-Farm Payrolls https://www.actionforex.com/action-insight/market-overview/239141-dollar-directionless-after-mixed-non-farm-payrolls/ https://www.actionforex.com/action-insight/market-overview/239141-dollar-directionless-after-mixed-non-farm-payrolls/#respond Fri, 04 Oct 2019 13:08:02 +0000 https://www.actionforex.com/?p=239141 Dollar is relatively directionless in after mixed job data. The headline number is a slight miss and wage growth disappoints. Yet, unemployment rate dropped to lowest level since 1969. For today, Sterling is the weakest one as it looks like EU is not so happy with UK’s new Brexit plan. Yen is the second weakest, […]

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Dollar Soft ahead of Non-Farm Payroll, 10-Year Yield Dived https://www.actionforex.com/action-insight/market-overview/238883-dollar-soft-ahead-of-non-farm-payroll-10-year-yield-dived/ https://www.actionforex.com/action-insight/market-overview/238883-dollar-soft-ahead-of-non-farm-payroll-10-year-yield-dived/#respond Fri, 04 Oct 2019 05:36:57 +0000 https://www.actionforex.com/?p=238883 Dollar trades generally softer today as markets turned cautious ahead of non-farm payroll report. After a string of weak economic data from the US this week, recession fears intensified. NFP today could be a make-or-break point for investor sentiments in general. For now, Swiss Franc is the weakest for today, followed by Dollar. New Zealand […]

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