Contributors – 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, 21 Nov 2019 06:21:56 +0000 en-US hourly 1 https://wordpress.org/?v=5.3 Market Brief: HK Democracy Bill Could Set Up Cold War 2.0 https://www.actionforex.com/contributors/fundamental-analysis/251704-market-brief-hk-democracy-bill-could-set-up-cold-war-2-0/ https://www.actionforex.com/contributors/fundamental-analysis/251704-market-brief-hk-democracy-bill-could-set-up-cold-war-2-0/#respond Thu, 21 Nov 2019 06:21:56 +0000 https://www.actionforex.com/?p=251704 FX Brief: Hong Kong strongly opposes the passage of the Hong Kong bill by the US house, saying it will not help ease the social unrest. The ebb and flow of FX moves were mostly dictated by the HK bill and contrasting reports over how this phase one deal was looking. Earlier in the session, […]

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HK Bill Could Arrive On Trump’s Desk By As Soon As Thursday Morning https://www.actionforex.com/contributors/fundamental-analysis/251702-hk-bill-could-arrive-on-trumps-desk-by-as-soon-as-thursday-morning/ https://www.actionforex.com/contributors/fundamental-analysis/251702-hk-bill-could-arrive-on-trumps-desk-by-as-soon-as-thursday-morning/#respond Thu, 21 Nov 2019 06:19:36 +0000 https://www.actionforex.com/?p=251702 General Trend: Hang Seng underperforms in Asia amid continued focus on the US’ HK bill and trade, HK-listed banks extend declines as PBOC again skipped its daily liquidity injection Banks also trade generally lower in Shanghai Nikkei declines amid continued press speculation about whether the BoJ is tapering its equity purchases; Softbank declines over 2%, […]

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Germany’s Producer Price Index Declined More-Than-Expected In October https://www.actionforex.com/contributors/fundamental-analysis/251698-germanys-producer-price-index-declined-more-than-expected-in-october/ https://www.actionforex.com/contributors/fundamental-analysis/251698-germanys-producer-price-index-declined-more-than-expected-in-october/#respond Thu, 21 Nov 2019 06:15:37 +0000 https://www.actionforex.com/?p=251698 For the 24 hours to 23:00 GMT, the EUR marginally declined against the USD and closed at 1.1077. On the macro front, Germany’s producer price index (PPI) fell 0.6% on an annual basis in October, more than market expectations for a drop of 0.4%. In the previous month, the PPI had recorded a decline of […]

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British Pound Trading A Tad Higher In The Morning Session https://www.actionforex.com/contributors/fundamental-analysis/251695-british-pound-trading-a-tad-higher-in-the-morning-session-2/ https://www.actionforex.com/contributors/fundamental-analysis/251695-british-pound-trading-a-tad-higher-in-the-morning-session-2/#respond Thu, 21 Nov 2019 06:14:41 +0000 https://www.actionforex.com/?p=251695 For the 24 hours to 23:00 GMT, the GBP marginally declined against the USD and closed at 1.2926. In the Asian session, at GMT0400, the pair is trading at 1.2928, with the GBP trading slightly higher against the USD from yesterday’s close. The pair is expected to find support at 1.2900, and a fall through […]

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Japanese Yen Extends Its Losses In The Asian Session https://www.actionforex.com/contributors/fundamental-analysis/251692-japanese-yen-extends-its-losses-in-the-asian-session-7/ https://www.actionforex.com/contributors/fundamental-analysis/251692-japanese-yen-extends-its-losses-in-the-asian-session-7/#respond Thu, 21 Nov 2019 06:13:34 +0000 https://www.actionforex.com/?p=251692 For the 24 hours to 23:00 GMT, the USD slightly rose against the JPY and closed at 108.47. In the Asian session, at GMT0400, the pair is trading at 108.53, with the USD trading 0.06% higher against the JPY from yesterday’s close. The pair is expected to find support at 108.29, and a fall through […]

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Swiss Franc Trading A Tad Lower In The Morning Session https://www.actionforex.com/contributors/fundamental-analysis/251689-swiss-franc-trading-a-tad-lower-in-the-morning-session-15/ https://www.actionforex.com/contributors/fundamental-analysis/251689-swiss-franc-trading-a-tad-lower-in-the-morning-session-15/#respond Thu, 21 Nov 2019 06:12:47 +0000 https://www.actionforex.com/?p=251689 For the 24 hours to 23:00 GMT, the USD slightly rose against the CHF and closed at 0.9905. In the Asian session, at GMT0400, the pair is trading at 0.9908, with the USD trading a tad higher against the CHF from yesterday’s close. The pair is expected to find support at 0.9887, and a fall […]

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Canada’s Inflation Rose As Estimated In October https://www.actionforex.com/contributors/fundamental-analysis/251684-canadas-inflation-rose-as-estimated-in-october/ https://www.actionforex.com/contributors/fundamental-analysis/251684-canadas-inflation-rose-as-estimated-in-october/#respond Thu, 21 Nov 2019 06:11:24 +0000 https://www.actionforex.com/?p=251684 For the 24 hours to 23:00 GMT, the USD rose 0.37% against the CAD and closed at 1.3313. On the data front, Canada’s consumer price index (CPI) advanced 1.9% on an annual basis in October, in line with market expectations. In the prior month, the CPI had registered a similar rise. In the Asian session, […]

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Aussie Trading Slightly Lower In The Morning Session https://www.actionforex.com/contributors/fundamental-analysis/251681-aussie-trading-slightly-lower-in-the-morning-session-2/ https://www.actionforex.com/contributors/fundamental-analysis/251681-aussie-trading-slightly-lower-in-the-morning-session-2/#respond Thu, 21 Nov 2019 06:10:31 +0000 https://www.actionforex.com/?p=251681 For the 24 hours to 23:00 GMT, the AUD declined 0.38% against the USD and closed at 0.6798. LME Copper prices rose 0.9% or $51.5/MT to $5873.0/MT. Aluminium prices rose 0.8% or $13.5/MT to $1748.0/MT. In the Asian session, at GMT0400, the pair is trading at 0.6797, with the AUD trading marginally lower against the […]

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Gold: Yellow Metal Trading A Tad Lower In The Morning Session https://www.actionforex.com/contributors/fundamental-analysis/251677-gold-yellow-metal-trading-a-tad-lower-in-the-morning-session-11/ https://www.actionforex.com/contributors/fundamental-analysis/251677-gold-yellow-metal-trading-a-tad-lower-in-the-morning-session-11/#respond Thu, 21 Nov 2019 06:09:23 +0000 https://www.actionforex.com/?p=251677 For the 24 hours to 23:00 GMT, Gold declined 0.20% against the USD and closed at USD1472.00 per ounce, amid strength in the greenback. In the Asian session, at GMT0400, the pair is trading at 1471.60, with gold trading slightly lower against the USD from yesterday’s close. The pair is expected to find support at […]

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Silver: White Metal Trading On A Weaker Footing This Morning https://www.actionforex.com/contributors/fundamental-analysis/251674-silver-white-metal-trading-on-a-weaker-footing-this-morning-93/ https://www.actionforex.com/contributors/fundamental-analysis/251674-silver-white-metal-trading-on-a-weaker-footing-this-morning-93/#respond Thu, 21 Nov 2019 06:07:10 +0000 https://www.actionforex.com/?p=251674 For the 24 hours to 23:00 GMT, Silver rose 0.12% against the USD and closed at USD17.31 per ounce. In the Asian session, at GMT0400, the pair is trading at 17.24, with silver trading 0.43% lower against the USD from yesterday’s close. The pair is expected to find support at 17.15, and a fall through […]

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Crude Oil: Oil Reverses Its Gains In The Asian Session https://www.actionforex.com/contributors/fundamental-analysis/251671-crude-oil-oil-reverses-its-gains-in-the-asian-session-11/ https://www.actionforex.com/contributors/fundamental-analysis/251671-crude-oil-oil-reverses-its-gains-in-the-asian-session-11/#respond Thu, 21 Nov 2019 06:05:30 +0000 https://www.actionforex.com/?p=251671 For the 24 hours to 23:00 GMT, Crude Oil rose 3.30% against the USD and closed at USD56.98 per barrel, after the Energy Information Administration (EIA) report indicated that US crude oil stockpiles rose less-than-anticipated by 1.4 million barrels to 450.4 million in the week ended 15 November 2019. Additionally, Russian President, Vladimir Putin, stated […]

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ASX200: The Long And Short Of It | NAN, GXY, REA, BPT https://www.actionforex.com/contributors/fundamental-analysis/251663-asx200-the-long-and-short-of-it-nan-gxy-rea-bpt/ https://www.actionforex.com/contributors/fundamental-analysis/251663-asx200-the-long-and-short-of-it-nan-gxy-rea-bpt/#respond Thu, 21 Nov 2019 06:01:28 +0000 https://www.actionforex.com/?p=251663 Consumer stocks (staples and discretionary) are the leaders the past 5 sessions and trade just off their record highs. All sectors remain in positive territory the past 52-weeks However, its been the worst two sessions for the ASX200 since the first week of October and the week is on track for a bearish outside candle. […]

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Hong Kong Now A Feature In Trade Negotiations? https://www.actionforex.com/contributors/fundamental-analysis/251658-hong-kong-now-a-feature-in-trade-negotiations/ https://www.actionforex.com/contributors/fundamental-analysis/251658-hong-kong-now-a-feature-in-trade-negotiations/#respond Thu, 21 Nov 2019 04:06:04 +0000 https://www.actionforex.com/?p=251658 Hong Kong Bill passed by Congress The US Senate and House have both passed the Hong Kong Human Rights and Democracy Bill, so now it heads to the desk of US President Trump to either sign or veto it. Sources suggest that the President will sign it into law, which will no doubt displease the […]

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Crude Oil Price Holding Key Uptrend Supports https://www.actionforex.com/contributors/technical-analysis/251655-crude-oil-price-holding-key-uptrend-supports/ https://www.actionforex.com/contributors/technical-analysis/251655-crude-oil-price-holding-key-uptrend-supports/#respond Thu, 21 Nov 2019 04:03:13 +0000 https://www.actionforex.com/?p=251655 Key Highlights Crude oil price found support near $55.00 and bounced back against the US dollar. Earlier, there was a break below a major bullish trend line with support near $55.80 on the 4-hours chart of XTI/USD. Canada’s CPI increased 0.3% in Oct 2019 (MoM), similar to the market forecast. The US Existing Home Sales […]

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Daily Markets Broadcast https://www.actionforex.com/contributors/technical-analysis/251650-daily-markets-broadcast-197/ https://www.actionforex.com/contributors/technical-analysis/251650-daily-markets-broadcast-197/#respond Thu, 21 Nov 2019 04:01:23 +0000 https://www.actionforex.com/?p=251650 Stocks slide on Hong Kong confrontation The US Hong Kong Democracy bill has now passed both the Senate and House and could be sent to US President Trump as early as today for either signing or vetoing. This could put the Phase 1 trade talks in jeopardy with one news outlet suggesting it could be […]

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Market Morning Briefing: Aussie Looks Bearish While Below 0.6850 https://www.actionforex.com/contributors/technical-analysis/251648-market-morning-briefing-aussie-looks-bearish-while-below-0-6850/ https://www.actionforex.com/contributors/technical-analysis/251648-market-morning-briefing-aussie-looks-bearish-while-below-0-6850/#respond Thu, 21 Nov 2019 03:52:01 +0000 https://www.actionforex.com/?p=251648 STOCKS Equity indices are witnessing some profit booking as the market turns cautious on the back of the increasing uncertainty over the US-China trade deal. Dow can dip to test its crucial 27600-27500 support zone which needs to hold. DAX looks vulnerable for a fresh corrective fall. Nikkei has declined sharply and has room to […]

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USDCAD Upside Ahead Of Scheduled Risk https://www.actionforex.com/contributors/fundamental-analysis/251646-usdcad-upside-ahead-of-scheduled-risk/ https://www.actionforex.com/contributors/fundamental-analysis/251646-usdcad-upside-ahead-of-scheduled-risk/#respond Thu, 21 Nov 2019 03:39:07 +0000 https://www.actionforex.com/?p=251646 Short-term bulls, long-term bears Our contention is that in the near-term it’s very likely we see USDCAD push towards Q3 highs of 1.3380-85 having arguably broken multi-month trend resistance and the key 1.3 level. Though, the driving factor will primarily come from USD risk and not what some would say is Canadian sluggishness. We believe […]

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Asia Morning: Scandinavian Defence https://www.actionforex.com/contributors/fundamental-analysis/251641-asia-morning-scandinavian-defence/ https://www.actionforex.com/contributors/fundamental-analysis/251641-asia-morning-scandinavian-defence/#respond Thu, 21 Nov 2019 03:38:01 +0000 https://www.actionforex.com/?p=251641 To eat or not to eat If you’ve ever played chess before you’ll know Scandinavian defence is one of the oldest recorded openings typically made by beginners. The tactic involves each player’s pawn sitting in front of the King to be moved forward two spaces. Both pawns then stand-off as minor plays take place around […]

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Yen Pairs Test Key Support Whilst ‘Phase One’ Sits On A Knife’s Edge https://www.actionforex.com/contributors/technical-analysis/251635-yen-pairs-test-key-support-whilst-phase-one-sits-on-a-knifes-edge/ https://www.actionforex.com/contributors/technical-analysis/251635-yen-pairs-test-key-support-whilst-phase-one-sits-on-a-knifes-edge/#respond Thu, 21 Nov 2019 03:34:56 +0000 https://www.actionforex.com/?p=251635 Whilst the constant stream of hot and cold trade headlines risk trade-tease fatigue among market participants (for which I am guilty as charged…) it’s possible we’re at an inflection point which could impact risk sentiment, one way or another. A phase one deal is looking less and less likely and has all but been pushed […]

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Market Brief: Stocks Slump On Trade Worries https://www.actionforex.com/contributors/fundamental-analysis/251630-market-brief-stocks-slump-on-trade-worries/ https://www.actionforex.com/contributors/fundamental-analysis/251630-market-brief-stocks-slump-on-trade-worries/#respond Thu, 21 Nov 2019 03:28:36 +0000 https://www.actionforex.com/?p=251630 A Reuters report midday suggested that the much-ballyhooed “Phase One” trade deal between the US and China may not be completed this year, driving risk assets lower across the board. Later comments from the White House that “progress is being made” stemmed the selloff, but traders are getting increasingly fed up with rhetoric and will […]

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