Live Comments – 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, 19 Jun 2019 18:44:02 +0000 en-US hourly 1 https://wordpress.org/?v=5.2.2 Fed Powell press conference live stream https://www.actionforex.com/live-comments/209102-fed-powell-press-conference-live-stream/ https://www.actionforex.com/live-comments/209102-fed-powell-press-conference-live-stream/#respond Wed, 19 Jun 2019 18:38:50 +0000 https://www.actionforex.com/?p=209102 The post Fed Powell press conference live stream appeared first on Action Forex.

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Dollar down but not out, Fed not patient but not impatient https://www.actionforex.com/live-comments/209095-dollar-down-but-not-out-fed-not-patient-but-not-impatient/ https://www.actionforex.com/live-comments/209095-dollar-down-but-not-out-fed-not-patient-but-not-impatient/#respond Wed, 19 Jun 2019 18:36:01 +0000 https://www.actionforex.com/?p=209095 Dollar drops broadly after Fed stands pat, removed “patience” with “will act as appropriate” (statement) . In the new economic projections, Fed forecasts no change in interest rate in 2019, but projects one rate cut in 2020. Selloff in the greenback is so far limited for the moment. Fed does deliver dovishness to the market. […]

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Fed forecasts rate cut in 2020, revised down inflation projections https://www.actionforex.com/live-comments/209092-fed-forecasts-rate-cut-in-2020-revised-down-inflation-projections/ https://www.actionforex.com/live-comments/209092-fed-forecasts-rate-cut-in-2020-revised-down-inflation-projections/#respond Wed, 19 Jun 2019 18:21:56 +0000 https://www.actionforex.com/?p=209092 The most important part of Fed’s new projection is that policymakers are expecting possibly one 25bps rate cut in 2020, instead of one 25bps rate hike. Median federal funds rates is at 2.1% by the end of 2020, revised down from 2.6%. Nevertheless, for this year, median federal funds rates forecast is unchanged at 2.4%. […]

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Fed keeps interest rate at 2.25-2.50%, no longer patient https://www.actionforex.com/live-comments/209086-fed-keeps-interest-rate-at-2-25-2-50-no-longer-patient/ https://www.actionforex.com/live-comments/209086-fed-keeps-interest-rate-at-2-25-2-50-no-longer-patient/#respond Wed, 19 Jun 2019 18:06:29 +0000 https://www.actionforex.com/?p=209086 Fed kept federal funds rate unchanged at 2.25-2.50% as widely expected. The most important change in the statement is dropping the language that “Committee will be patient as it determines what future adjustments”. Instead, the committee “will act as appropriate to sustain the expansion, with a strong labor market and inflation near its symmetric 2 […]

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Boris Johnson wins another round of Conservative leadership vote, Stewart eliminated https://www.actionforex.com/live-comments/209075-boris-johnson-wins-another-round-of-conservative-leadership-vote-stewart-eliminated/ https://www.actionforex.com/live-comments/209075-boris-johnson-wins-another-round-of-conservative-leadership-vote-stewart-eliminated/#respond Wed, 19 Jun 2019 17:41:25 +0000 https://www.actionforex.com/?p=209075 Boris Johnson wong another round of Conservative leadership ballot today, getting 143 votes. Main rival Jeremy Hunt followed as second and won 54 votes. Michael Gove got 51 while Sajid Javid got 38. Rory Stewart got only 27 and was eliminated. GBP/USD is in a strong recovery today but upside is held well below 1.2763 […]

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USTR Lighthizer: It’s in the interests of both China and US to have a deal https://www.actionforex.com/live-comments/209073-ustr-lighthizer-its-in-the-interests-of-both-china-and-us-to-have-a-deal/ https://www.actionforex.com/live-comments/209073-ustr-lighthizer-its-in-the-interests-of-both-china-and-us-to-have-a-deal/#respond Wed, 19 Jun 2019 17:11:53 +0000 https://www.actionforex.com/?p=209073 US Trade Representative Robert Lighthizer told the House Ways and Means Committee that he’s going to have a phone call with Chinese Vice Premier Liu He “in the next day and a half”, regarding restarting trade negotiation. And, he will meet Liu together with Treasury Secretary Steven Mnuchin in Osaka next week, ahead of the […]

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US oil inventory dropped -3.1M barrels, little reaction in WTI, stays bearish https://www.actionforex.com/live-comments/209062-us-oil-inventory-dropped-3-1m-barrels-little-reaction-in-wti-stays-bearish/ https://www.actionforex.com/live-comments/209062-us-oil-inventory-dropped-3-1m-barrels-little-reaction-in-wti-stays-bearish/#respond Wed, 19 Jun 2019 15:46:17 +0000 https://www.actionforex.com/?p=209062 US commercial crude oil inventories dropped -3.1M barrels  in the week ending June 14, larger than expectation of -1.5M. At 482.4 million barrels, U.S. crude oil inventories are about 7% above the five year average for this time of year. WTI crude oil has little reaction the data. The break of 4 hour 55 EMA […]

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Canada CPI accelerated to 2.4%, beat expectations, CAD jumps https://www.actionforex.com/live-comments/209005-canada-cpi-accelerated-to-2-4-beat-expectations-cad-jumps/ https://www.actionforex.com/live-comments/209005-canada-cpi-accelerated-to-2-4-beat-expectations-cad-jumps/#respond Wed, 19 Jun 2019 12:49:22 +0000 https://www.actionforex.com/?p=209005 Canada CPI accelerated to 2.4% yoy in May, up from 2.0% yoy and beat expectation of 2.1% yoy. CPI core-common was unchanged at 1.8% yoy, missed expectation of 1.9% yoy. But CPI core-median rose to 2.1% yoy, up from 1.9% yoy and beat expectation of 1.9% yoy. CPI core-trim also accelerated to 2.3% yoy, up […]

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Into US session: Risk appetite recedes mildly, Swiss and Sterling Strongest https://www.actionforex.com/live-comments/209002-into-us-session-risk-appetite-recedes-mildly-swiss-and-sterling-strongest/ https://www.actionforex.com/live-comments/209002-into-us-session-risk-appetite-recedes-mildly-swiss-and-sterling-strongest/#respond Wed, 19 Jun 2019 12:17:52 +0000 https://www.actionforex.com/?p=209002 Entering into US session, New Zealand Dollar and Australian Dollar soften mildly ask risk appetite recedes today. ECB Vice President Luis de Guindos affirmed the stance that the central bank is ready to “act” should inflation expectation expectations “de-anchor”. Messages from China affirmed that there will be a Trump-Xi meeting at G20 next week. But […]

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ECB de Guindos: If inflation expectations start to de-anchor, we will act https://www.actionforex.com/live-comments/208988-ecb-de-guindos-if-inflation-expectations-start-to-de-anchor-we-will-act/ https://www.actionforex.com/live-comments/208988-ecb-de-guindos-if-inflation-expectations-start-to-de-anchor-we-will-act/#respond Wed, 19 Jun 2019 11:52:55 +0000 https://www.actionforex.com/?p=208988 ECB Vice President Luis de Guindos said today that the centra bank foresees “lingering softness” n the near term, due to geopolitical factors and trade tensions. Both are weighing on exports and manufacturing in Eurozone economy. He emphasized that “if we see that inflation expectations start to de-anchor, we will act.” ECB has a “wide range of […]

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China: Four decades of history shows it’s possible to have positive outcomes in Xi-Trump meeting https://www.actionforex.com/live-comments/208915-china-four-decades-of-history-shows-its-possible-to-have-positive-outcomes-in-xi-trump-meeting/ https://www.actionforex.com/live-comments/208915-china-four-decades-of-history-shows-its-possible-to-have-positive-outcomes-in-xi-trump-meeting/#respond Wed, 19 Jun 2019 09:13:55 +0000 https://www.actionforex.com/?p=208915 Regarding the upcoming meeting between Trump and Xi at G20, Chinese Foreign Ministry spokesman Lu Kang said “The two leaders will talk about whatever they want”. And, “a deal is not only in the interests of the two peoples but meets the aspirations of the whole world.” He added “I’m not getting ahead of myself, but […]

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UK CPI slowed to 2.0% in May, core CPI slowed to 1.7% https://www.actionforex.com/live-comments/208912-uk-cpi-slowed-to-2-0-in-may-core-cpi-slowed-to-1-7/ https://www.actionforex.com/live-comments/208912-uk-cpi-slowed-to-2-0-in-may-core-cpi-slowed-to-1-7/#respond Wed, 19 Jun 2019 09:09:08 +0000 https://www.actionforex.com/?p=208912 UK CPI rose 0.3% mom in May. Annually, CPI slowed to 2.0% yoy, down from 2.1% yoy. Core CPI slowed to 1.7%, down from 1.8%. All three figures matched expectations. Also released, RPI was unchanged at 3.0% yoy, above expectation of 2.9% yoy. PPI input slowed to 1.3% yoy, beat expectation of 0.8% yoy. PPI […]

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Two Ps to watch in FOMC: Patience and Projections https://www.actionforex.com/live-comments/208793-two-ps-to-watch-in-fomc-patience-and-projections/ https://www.actionforex.com/live-comments/208793-two-ps-to-watch-in-fomc-patience-and-projections/#respond Wed, 19 Jun 2019 06:57:02 +0000 https://www.actionforex.com/?p=208793 Fed is widely expected to keep federal funds rate unchanged at 2.25-2.50% today. After recent rhetorics from Fed officials, markets are now looking for clues on rate cuts later in the year. As of yesterday, Fed fund futures are pricing in 85.3% of an “insurance” cut in July to 2.00-2.25%. By December meeting, markets see […]

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Asian business sentiment sank to decade low, not just uncertainty but true slowdown https://www.actionforex.com/live-comments/208770-asian-business-sentiment-sank-to-decade-low-not-just-uncertainty-but-true-slowdown/ https://www.actionforex.com/live-comments/208770-asian-business-sentiment-sank-to-decade-low-not-just-uncertainty-but-true-slowdown/#respond Wed, 19 Jun 2019 06:14:03 +0000 https://www.actionforex.com/?p=208770 The Thomson Reuters/INSEAD Asian Business Sentiment Index dropped sharply from 63 to 53 in Q2. Worries over US-China trade war sent sentiments down to the worst reading since Q2 of 2009. The index tracks companies’ six-month outlook. The survey interviewed 95 companies in 11 Asia-Pacific countries that together contribute about a third of GDP and […]

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Japan exports shrank for sixth straight months, won’t take sides on US-China trade war https://www.actionforex.com/live-comments/208738-japan-exports-shrank-for-sixth-straight-months-wont-take-sides-on-us-china-trade-war/ https://www.actionforex.com/live-comments/208738-japan-exports-shrank-for-sixth-straight-months-wont-take-sides-on-us-china-trade-war/#respond Wed, 19 Jun 2019 05:54:33 +0000 https://www.actionforex.com/?p=208738 In Japan, trade balance recorded deficit of JPY -0.97T (non seasonally adjusted) in May, first deficit in four months. Exports dropped -7.8% yoy to JPY 5.84T, sixth consecutive month of decline. Imports dropped -1.5% to JPY 6.80T, first decline in three months. Sluggish exports are generally seen as the results of on-going, escalating US-China trade […]

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UK Johnson stays as the far and away favorite after Tuesday votes https://www.actionforex.com/live-comments/208730-uk-johnson-stays-as-the-far-and-away-favorite-after-tuesday-votes/ https://www.actionforex.com/live-comments/208730-uk-johnson-stays-as-the-far-and-away-favorite-after-tuesday-votes/#respond Wed, 19 Jun 2019 05:30:47 +0000 https://www.actionforex.com/?p=208730 Former UK Foreign Minister Boris Johnson further solidified his place as far and away favorite to be the next Conservative Leader and Prime Minister. In the last round of leadership vote on Thursday, Johnson got 126 votes, nearly three times of runner-up, current Foreign Minister, Jeremy Hunt’s 46. Environment Secretary Michael Gove was third with […]

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Trump: I think we have a chance for a trade deal with China https://www.actionforex.com/live-comments/208726-trump-i-think-we-have-a-chance-for-a-trad-deal-with-china/ https://www.actionforex.com/live-comments/208726-trump-i-think-we-have-a-chance-for-a-trad-deal-with-china/#respond Wed, 19 Jun 2019 05:15:14 +0000 https://www.actionforex.com/?p=208726 Risk appetite was given a strong boost as US and China are returning to the table for trade negotiations. At the time of writing, Nikkei is up 1.74%, Hong Kong HSI is up 2.37% and China Shanghai SSE is up 1.50%. Overnight, DOW rose 1.35%, S&P 500 rose 0.97% and NASDAQ rose 1.39%. Of course, […]

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Kudlow: There’s a certain joy Trump and Xi are back to discussion https://www.actionforex.com/live-comments/208686-kudlow-theres-a-certain-joy-trump-and-xi-are-back-to-discussion/ https://www.actionforex.com/live-comments/208686-kudlow-theres-a-certain-joy-trump-and-xi-are-back-to-discussion/#respond Tue, 18 Jun 2019 16:01:06 +0000 https://www.actionforex.com/?p=208686 Trump tweeted earlier today that he had a phone call Chinese President Xi Jinping. And both agreed to have an “extended meeting” next week at G20 in Japan. This news is confirmed by Chinese State media. And XI said “the key is to show consideration to each other’s legitimate concerns. We also hope that the […]

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Stocks given further lift as Trump will meet Xi for an extended meeting at G20 https://www.actionforex.com/live-comments/208662-stocks-given-further-lift-as-trump-will-meet-xi-for-an-extended-meeting-at-g20/ https://www.actionforex.com/live-comments/208662-stocks-given-further-lift-as-trump-will-meet-xi-for-an-extended-meeting-at-g20/#respond Tue, 18 Jun 2019 14:38:35 +0000 https://www.actionforex.com/?p=208662 US stocks open higher, following German DAX, as lifted by ECB President Mario Draghi’s hint on further stimulus. Stocks was then further lifted by Trump’s tweet regarding phone conversation with Chinese President Xi Jinping. Trump said they’re going to have an “extended meeting” at G20 in Osaka, Japan, next week. And the “respective teams will […]

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Into US session: Euro weakest on ECB Draghi, Yen strongest on falling yields https://www.actionforex.com/live-comments/208602-into-us-session-euro-weakest-on-ecb-draghi-yen-strongest-on-falling-yields/ https://www.actionforex.com/live-comments/208602-into-us-session-euro-weakest-on-ecb-draghi-yen-strongest-on-falling-yields/#respond Tue, 18 Jun 2019 12:11:46 +0000 https://www.actionforex.com/?p=208602 Entering into US session, Euro is the weakest one for today, overshadowing Aussie and Sterling. Euro was knocked down by ECB President Mario Draghi’s comments, which suggests that more monetary stimulus is underway. Additionally, German ZEW economic sentiments also tumbles sharply from -2.1 to -21.1 in June. German 10-year yield also dropped to new record […]

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