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 Sat, 21 Sep 2019 15:11:52 +0000 en-US hourly 1 https://wordpress.org/?v=5.2.3 Weekly Economic and Financial Commentary: Fed Cuts Again, But Dissent Rises https://www.actionforex.com/contributors/fundamental-analysis/235495-weekly-economic-and-financial-commentary-fed-cuts-again-but-dissent-rises/ https://www.actionforex.com/contributors/fundamental-analysis/235495-weekly-economic-and-financial-commentary-fed-cuts-again-but-dissent-rises/#respond Sat, 21 Sep 2019 08:11:20 +0000 https://www.actionforex.com/?p=235495 U.S. Review Fed Cuts Again, But Dissent Rises The Federal Reserve reduced the fed funds rate 25 bps this week, continuing to cite economic weakness overseas and “muted inflation pressures.” The higher pace of home sales and improving builder confidence should feed through to stronger construction later this year, meaning residential investment should finally contribute […]

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The Weekly Bottom Line: Fed Cuts Rates, More to Come https://www.actionforex.com/contributors/fundamental-analysis/235488-the-weekly-bottom-line-fed-cuts-rates-more-to-come/ https://www.actionforex.com/contributors/fundamental-analysis/235488-the-weekly-bottom-line-fed-cuts-rates-more-to-come/#respond Sat, 21 Sep 2019 07:49:22 +0000 https://www.actionforex.com/?p=235488 U.S. Highlights In the main financial event of the week, the Federal Reserve cut its key lending rate by 25 basis points, but was mum on the prospect for additional cuts. Our latest forecast sees slower economic growth leading to at least one more rate cut. Fed rate cuts will help to offset some of […]

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Forward Guidance: Geopolitical Uncertainty Matters – But Economic Data Still Looks a Little Better https://www.actionforex.com/contributors/fundamental-analysis/235486-forward-guidance-geopolitical-uncertainty-matters-but-economic-data-still-looks-a-little-better/ https://www.actionforex.com/contributors/fundamental-analysis/235486-forward-guidance-geopolitical-uncertainty-matters-but-economic-data-still-looks-a-little-better/#respond Sat, 21 Sep 2019 07:43:13 +0000 https://www.actionforex.com/?p=235486 A week that started off with worries about the stability of global oil supply in the wake of last weekend’s attack on a major oil production facility in Saudi Arabia ended up looking, if anything, a little better in terms of the current growth backdrop for North America. The events are a clear reminder that […]

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Week Ahead – Markets Remain Focused on Geopolitical Risks https://www.actionforex.com/contributors/fundamental-analysis/235483-week-ahead-markets-remain-focused-on-geopolitical-risks/ https://www.actionforex.com/contributors/fundamental-analysis/235483-week-ahead-markets-remain-focused-on-geopolitical-risks/#respond Sat, 21 Sep 2019 07:40:26 +0000 https://www.actionforex.com/?p=235483 Iran, Trade Updates, Fed Speak, more rate decisions in focus  We could see markets return to being fixated on trade updates, some corporate earnings (Nike, Micron, Conagra and Vail Resorts), yield curve inversions and stress on the money markets.  On Saturday, Labour, the main UK opposition party will meet in Brighton for their annual meeting. […]

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Week Ahead: US-China Trade and Brexit Back to Forefront https://www.actionforex.com/contributors/fundamental-analysis/235480-week-ahead-us-china-trade-and-brexit-back-to-forefront/ https://www.actionforex.com/contributors/fundamental-analysis/235480-week-ahead-us-china-trade-and-brexit-back-to-forefront/#respond Sat, 21 Sep 2019 07:37:08 +0000 https://www.actionforex.com/?p=235480 The week ahead features one major central bank decision and only a handful of market-moving data. So, it should be a quieter week. But following this week’s central bank bonanza, there will be some aftershocks to stir volatility. Meanwhile, with geopolitical tensions heating up in the Middle East, the Brexit situation becoming more uncertain and […]

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China Has Instant Response to Trump Comments https://www.actionforex.com/contributors/technical-analysis/235475-china-has-instant-response-to-trump-comments/ https://www.actionforex.com/contributors/technical-analysis/235475-china-has-instant-response-to-trump-comments/#respond Sat, 21 Sep 2019 07:34:41 +0000 https://www.actionforex.com/?p=235475 It appears China may not be buying more agriculture products from the US any time soon as both the Montana Farm Bureau and the Nebraska Department of Agriculture have said that the Chinese delegation has canceled visits with them and is returning to China sooner than expected.  This comes   after US President Trump said Chinese […]

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Weaker Data this Week May Help BOC with Decision https://www.actionforex.com/contributors/fundamental-analysis/235471-weaker-data-this-week-may-help-boc-with-decision/ https://www.actionforex.com/contributors/fundamental-analysis/235471-weaker-data-this-week-may-help-boc-with-decision/#respond Sat, 21 Sep 2019 07:31:47 +0000 https://www.actionforex.com/?p=235471 On Wednesday this week, Canada released its inflation data for the month of August.   Although the MoM data was inline with expectations at -0.1%, the YoY headline number came in at 1.9% vs 2.0% expected.  In addition, the Core Inflation Rate (YoY) came in at 1.9% vs 2.2% expected!  Today, retail sales data was released […]

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Eurozone Flash PMIs to Hold Steady, Unlikely to Knock Euro Out of Range https://www.actionforex.com/contributors/fundamental-analysis/235467-eurozone-flash-pmis-to-hold-steady-unlikely-to-knock-euro-out-of-range/ https://www.actionforex.com/contributors/fundamental-analysis/235467-eurozone-flash-pmis-to-hold-steady-unlikely-to-knock-euro-out-of-range/#respond Fri, 20 Sep 2019 15:44:11 +0000 https://www.actionforex.com/?p=235467 The preliminary readings for the September PMIs are due out of the Eurozone on Monday at 08:00 GMT. The data will be closely watched as there have been some signs that business confidence has started to perk up lately, albeit only moderately. And with the European Central Bank unlikely to turn on the stimulus taps […]

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Week Ahead – RBNZ Meets, But Geopolitics May Steal the Show https://www.actionforex.com/contributors/fundamental-analysis/235461-week-ahead-rbnz-meets-but-geopolitics-may-steal-the-show/ https://www.actionforex.com/contributors/fundamental-analysis/235461-week-ahead-rbnz-meets-but-geopolitics-may-steal-the-show/#respond Fri, 20 Sep 2019 15:42:15 +0000 https://www.actionforex.com/?p=235461 The Reserve Bank of New Zealand (RBNZ) will be the sole major central bank that meets next week, but there’s a flood of economic data to keep traders busy – most importantly the euro area’s preliminary PMIs due on Monday. Beyond these, markets will also keep a close eye on the geopolitical arena as tensions […]

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China Weekly Letter: Interim Deal Possible, But Still a Long Way to the Real Deal https://www.actionforex.com/contributors/fundamental-analysis/235454-china-weekly-letter-interim-deal-possible-but-still-a-long-way-to-the-real-deal/ https://www.actionforex.com/contributors/fundamental-analysis/235454-china-weekly-letter-interim-deal-possible-but-still-a-long-way-to-the-real-deal/#respond Fri, 20 Sep 2019 15:37:30 +0000 https://www.actionforex.com/?p=235454 Lower-level officials meet in Washington. Small interim deal a possibility in October but real break-through is hard to envision at this stage. CNY strengthens ahead of trade talks where currency is likely to be on the agenda. Huawei offers to sell its 5G technology to Western companies. Trump warns China of ‘toughest trade deal ever’ […]

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Weekly Focus: Central Banks Have Spoken, How is the Economy Doing? https://www.actionforex.com/contributors/fundamental-analysis/235452-weekly-focus-central-banks-have-spoken-how-is-the-economy-doing/ https://www.actionforex.com/contributors/fundamental-analysis/235452-weekly-focus-central-banks-have-spoken-how-is-the-economy-doing/#respond Fri, 20 Sep 2019 15:27:19 +0000 https://www.actionforex.com/?p=235452 Market movers ahead After two weeks of central bank action, focus will likely turn to the real economy, where we will start to get PMI data for September. If there is no increase in PMIs in the US, this will indicate that Q3 showed the weakest growth since 2009. In Europe, it will be interesting […]

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GBPNZD’s Nearly 2-Month Rally Dries up ahead of May High https://www.actionforex.com/contributors/technical-analysis/235449-gbpnzds-nearly-2-month-rally-dries-up-ahead-of-may-high/ https://www.actionforex.com/contributors/technical-analysis/235449-gbpnzds-nearly-2-month-rally-dries-up-ahead-of-may-high/#respond Fri, 20 Sep 2019 14:50:18 +0000 https://www.actionforex.com/?p=235449 GBPNZD after a decisive push north on September 13, fell inches short of the May high of 2.0020, plotting a shooting star suggesting the bears have taken control. The pattern was followed by an engulfing candle, backed by the momentum indicators reflecting a possible top reversal. The Tenkan-sen and Kijun-sen lines have flattened, with the […]

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EUR/USD Outlook: Euro Eases Towards 1.10 Support after Repeated Rejection at Trendline Resistance https://www.actionforex.com/contributors/technical-analysis/235446-eur-usd-outlook-euro-eases-towards-1-10-support-after-repeated-rejection-at-trendline-resistance/ https://www.actionforex.com/contributors/technical-analysis/235446-eur-usd-outlook-euro-eases-towards-1-10-support-after-repeated-rejection-at-trendline-resistance/#respond Fri, 20 Sep 2019 14:47:50 +0000 https://www.actionforex.com/?p=235446 The Euro fell near 1.10 support in mid-European/early US trading on Friday, following repeated upside rejection at bear-trendline, drawn from 1.1412 (25 June high) and reinforced by falling 30DMA. The US dollar regained traction on Friday, pushing the single currency towards the mid-point of recent 1.0926/1.1109 range and shifting near-term focus lower. Daily momentum is […]

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Sunset Market Commentary https://www.actionforex.com/contributors/fundamental-analysis/235444-sunset-market-commentary-391/ https://www.actionforex.com/contributors/fundamental-analysis/235444-sunset-market-commentary-391/#respond Fri, 20 Sep 2019 14:45:27 +0000 https://www.actionforex.com/?p=235444 Markets There were few economic data in Europe and the US today. European and US equities indices show modest gains. Investors probably felt some comfort from India’s government announcing tax cuts. The move can be seen as a first important example of fiscal stimulus joining the efforts of global central banks to support ailing growth. […]

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Canadian Retail Sales Increase in July, but Volumes Flat https://www.actionforex.com/contributors/fundamental-analysis/235442-canadian-retail-sales-increase-in-july-but-volumes-flat/ https://www.actionforex.com/contributors/fundamental-analysis/235442-canadian-retail-sales-increase-in-july-but-volumes-flat/#respond Fri, 20 Sep 2019 14:04:57 +0000 https://www.actionforex.com/?p=235442 Canadian retail sales were up 0.4% (m/m) in July, following a downwardly revised 0.1% decline in June (previously reported as 0%). The release came close to consensus expectations for a 0.6% increase. After stripping out price effects, the picture was subdued, with volumes effectively flat on the month. July saw sales increase in 6 of […]

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Canadian Retail Sales Still Soft in July https://www.actionforex.com/contributors/fundamental-analysis/235422-canadian-retail-sales-still-soft-in-july/ https://www.actionforex.com/contributors/fundamental-analysis/235422-canadian-retail-sales-still-soft-in-july/#respond Fri, 20 Sep 2019 13:18:18 +0000 https://www.actionforex.com/?p=235422 Headline sales edged up 0.4% Volume sales were unchanged in July, both from the prior month and a year earlier Canadian retail sales have remained (somewhat puzzlingly) soft. The headline sales increase in July was the first in three months and, excluding price impacts, volume sales were unchanged, both from a month earlier and from […]

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Market Brief: GBP Dumped As Brexit Hopes Dashed https://www.actionforex.com/contributors/fundamental-analysis/235406-market-brief-gbp-dumped-as-brexit-hopes-dashed/ https://www.actionforex.com/contributors/fundamental-analysis/235406-market-brief-gbp-dumped-as-brexit-hopes-dashed/#respond Fri, 20 Sep 2019 11:44:06 +0000 https://www.actionforex.com/?p=235406 At midday in London, the GBP has gone from being the strongest yesterday to one of the weakest currencies today, although only bettered by the NZD which tumbled to a new 2019 low against the dollar today. GBP/USD has come sharply off overnight highs, allowing the FTSE to rebound again, after Irish Foreign Minister dashed […]

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GBPAUD Spikes To 4-Month High, Additional Gains Could Be Limited https://www.actionforex.com/contributors/technical-analysis/235403-gbpaud-spikes-to-4-month-high-additional-gains-could-be-limited/ https://www.actionforex.com/contributors/technical-analysis/235403-gbpaud-spikes-to-4-month-high-additional-gains-could-be-limited/#respond Fri, 20 Sep 2019 11:41:14 +0000 https://www.actionforex.com/?p=235403 GBPAUD stretched Thursday’s impressive rally to a four-month high of 1.8492 on Friday and is ready to close the week up by 1.7%. The RSI has also picked up steam and is currently pointing towards its 70 overbought mark, while the Stochastics have yet to confirm overbought conditions, suggesting that the bullish momentum is likely […]

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EURNZD Possibly Forming Triple Top Near 10-Month High https://www.actionforex.com/contributors/technical-analysis/235400-eurnzd-possibly-forming-triple-top-near-10-month-high/ https://www.actionforex.com/contributors/technical-analysis/235400-eurnzd-possibly-forming-triple-top-near-10-month-high/#respond Fri, 20 Sep 2019 11:38:18 +0000 https://www.actionforex.com/?p=235400 EURNZD is again attempting to overcome the 1.7590 resistance region tested multiple times over August. The bulls recent rally from 1.7000 is backed by the Tenkan-sen that has already distanced itself from the Kijun-sen, as well as the momentum oscillators reflecting a persisting positive picture. Furthermore, the 21-period simple moving average (SMA) has completed a […]

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Brexit Warnings Overlooked, Exhausted Trading And Cannabis Banking Bill https://www.actionforex.com/contributors/fundamental-analysis/235398-brexit-warnings-overlooked-exhausted-trading-and-cannabis-banking-bill/ https://www.actionforex.com/contributors/fundamental-analysis/235398-brexit-warnings-overlooked-exhausted-trading-and-cannabis-banking-bill/#respond Fri, 20 Sep 2019 11:26:29 +0000 https://www.actionforex.com/?p=235398 Brexit surpasses BoE warnings The statement made by the BoE has a rather muted impact on financial markets as most market reaction is mainly driven by Brexit headlines. The constructive signals sent by European Commission President Jean-Claude Juncker on a potential trade deal by 31 October 2019 deadlines gives the British pound a boost, trading […]

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