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 Thu, 27 Feb 2020 13:51:36 +0000 en-US hourly 1 https://wordpress.org/?v=5.3.2 US durable goods orders dropped -0.2%, ex-transport orders rose 0.9% https://www.actionforex.com/live-comments/275383-us-durable-goods-orders-dropped-0-2-ex-transport-orders-rose-0-9/ https://www.actionforex.com/live-comments/275383-us-durable-goods-orders-dropped-0-2-ex-transport-orders-rose-0-9/#respond Thu, 27 Feb 2020 13:51:36 +0000 https://www.actionforex.com/?p=275383 US durable goods orders dropped -0.2% in January to USD 246.2B, better than expectation of -1.5% decline. Ex-transport orders rose 0.9%, above expectation of 0.2%. Ex-defense orders rose 3.6%. The second estimate of US Q4 GDP showed 2.1% annualized growth, unrevised, unchanged from Q3’s reading. PCE price index was revised down from 1.6% to 1.3%. […]

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US initial jobless claims rose 8k to 219k https://www.actionforex.com/live-comments/275380-us-initial-jobless-claims-rose-8k-to-219k/ https://www.actionforex.com/live-comments/275380-us-initial-jobless-claims-rose-8k-to-219k/#respond Thu, 27 Feb 2020 13:42:20 +0000 https://www.actionforex.com/?p=275380 US initial jobless claims rose 8k to 219k in the week ending February 22, above expectation of 211k. Four-week moving average of initial claims rose 0.5k to 209.75k. Continuing claims dropped -9k to 1.724m in the week ending February 15. Four-week moving average of continuing claims rose 5.25k to 1.729m. Full release here.

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ECB Schnabel: We are very worried about spread of coronavirus https://www.actionforex.com/live-comments/275366-ecb-schnabel-we-are-very-worried-about-spread-of-coronavirus/ https://www.actionforex.com/live-comments/275366-ecb-schnabel-we-are-very-worried-about-spread-of-coronavirus/#respond Thu, 27 Feb 2020 12:06:10 +0000 https://www.actionforex.com/?p=275366 ECB Executive Board member Isabel Schnabel said policymakers are “very worried about what is currently happening with respect to the spread of the coronavirus.” “We know that this is really raising uncertainty to a large degree, for the global growth outlook but of course also for the outlook for the euro area.” “But what we […]

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UK threatens to move our from negotiation with EU by June https://www.actionforex.com/live-comments/275364-uk-threatens-to-move-our-from-negotiation-with-eu-by-june/ https://www.actionforex.com/live-comments/275364-uk-threatens-to-move-our-from-negotiation-with-eu-by-june/#respond Thu, 27 Feb 2020 12:03:16 +0000 https://www.actionforex.com/?p=275364 UK government published today the negotiation mandate with EU in the document titled “The Future Relationship with the EU The UK’s Approach to Negotiations“. There the UK government threatens to walk out from the table by June if not enough progress is made. UK reiterated that it “will not extend the transition period”. That still […]

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Eurozone economic sentiment rose to 103.5, on stronger consumers and industry managers https://www.actionforex.com/live-comments/275330-eurozone-economic-sentiment-rose-to-103-5-on-stronger-consumers-and-industry-managers/ https://www.actionforex.com/live-comments/275330-eurozone-economic-sentiment-rose-to-103-5-on-stronger-consumers-and-industry-managers/#respond Thu, 27 Feb 2020 10:25:48 +0000 https://www.actionforex.com/?p=275330 Eurozone economic sentiment indicator rose to 103.5 in February, up from 102.6, beat expectation of 101.5. The improvement resulted from higher confidence among consumers and, to a lesser extent, industry managers. Looking at some details, industry confidence rose from -7.0 to -6.1. Services confidence edged up from 11.0 to 11.2. Consumer confidence rose fro -8.1 […]

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PBoC pledges ample liquidity and targeted support https://www.actionforex.com/live-comments/275280-pboc-pledges-ample-liquidity-and-targeted-support/ https://www.actionforex.com/live-comments/275280-pboc-pledges-ample-liquidity-and-targeted-support/#respond Thu, 27 Feb 2020 08:53:31 +0000 https://www.actionforex.com/?p=275280 China’s PBoC insisted that economy goals for 2020 can still be achieved in spite of the coronavirus outbreak, and pledged to have measures to ensure ample liquidity. Liu Guoqiang, Vice Governor of PBoC said “We’ll further release the long-term liquidity via multiple open market operations. And make targeted RRR cuts in appropriate time for banks […]

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One coronavirus infected Korean flight attendant traveled US route https://www.actionforex.com/live-comments/275278-one-coronavirus-infected-korean-flight-attendant-traveled-us-route/ https://www.actionforex.com/live-comments/275278-one-coronavirus-infected-korean-flight-attendant-traveled-us-route/#respond Thu, 27 Feb 2020 08:47:33 +0000 https://www.actionforex.com/?p=275278 The Korea Centers for Disease Control and Prevention (KCDC) confirmed that a coronavirus infected flight attendant travelled a Korea-US route. KCDC said “she took a flight after showing symptoms, and we are investigating people who had contact with the employee on the flight”. It’s believed that she worked on Korean Air’s flight KE017 from Seoul’s Incheon […]

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Bank of Korean stands pat, micro support for businesses more effective than rate cut https://www.actionforex.com/live-comments/275244-bank-of-korean-stands-pat-micro-support-for-businesses-more-effective-than-rate-cut/ https://www.actionforex.com/live-comments/275244-bank-of-korean-stands-pat-micro-support-for-businesses-more-effective-than-rate-cut/#respond Thu, 27 Feb 2020 07:02:08 +0000 https://www.actionforex.com/?p=275244 Bank of Korea defied some expectations and kept base rate unchanged at 1.25%, despite intensifying coronavirus outbreak in the country. The decision was not unanimous, though, as two board members voted for a cut. Governor Lee Ju-yeo wide reaching rate cut is not the appropriate response to the outbreak at this instead. Instead, there should […]

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BoJ Kataoka: Coronavirus outbreak may weaken consumption and capital expenditure https://www.actionforex.com/live-comments/275204-boj-kataoka-coronavirus-outbreak-may-weaken-consumption-and-capital-expenditure/ https://www.actionforex.com/live-comments/275204-boj-kataoka-coronavirus-outbreak-may-weaken-consumption-and-capital-expenditure/#respond Thu, 27 Feb 2020 06:26:41 +0000 https://www.actionforex.com/?p=275204 BoJ known dove Goushi Kataoka warned today coronavirus out break could hurt consumption and poses uncertainty to the economy. He called by stronger actions by the central bank. He said, “we need to be mindful that consumption may weaken further as a trend”, and, “worsening sentiment among automakers and retailers could also affect the outlook […]

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Australia private capital expenditure dropped -2.8% in Q4 https://www.actionforex.com/live-comments/275127-australia-private-capital-expenditure-dropped-2-8-in-q4/ https://www.actionforex.com/live-comments/275127-australia-private-capital-expenditure-dropped-2-8-in-q4/#respond Thu, 27 Feb 2020 03:25:15 +0000 https://www.actionforex.com/?p=275127 Australia private capital expenditure dropped -2.8% in Q4, much worse than expectation of 0.5% increase. In seasonally adjust terms, building and structures dropped -5.9%. Mining dropped -2.7%. Equipment, plant and machinery rose 0.8% Manufacturing dropped -10.1%. Other selected industries fell -1.9% The set of data is rather disappointing as weak economic outlook appeared to have […]

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New Zealand exports to China surged in January, coronavirus impact to be seen https://www.actionforex.com/live-comments/275111-new-zealand-exports-to-china-surged-in-january-coronavirus-impact-to-be-seen/ https://www.actionforex.com/live-comments/275111-new-zealand-exports-to-china-surged-in-january-coronavirus-impact-to-be-seen/#respond Thu, 27 Feb 2020 02:58:36 +0000 https://www.actionforex.com/?p=275111 New Zealand trade deficit came in at NZD -340m in January, better than expectation of NZD -530m. Goods exports rose 8.8% yoy to NZD 4.7B. Goods imports dropped -4.0% yoy to NZD 5.1B. In particular, exports to China jumped 31% yoy to NZD 3.1B. “China is New Zealand’s top trading partner and exports have grown […]

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New Zealand ANZ business confidence plunged to -19.4, coronavirus taking a heavy toll https://www.actionforex.com/live-comments/275108-new-zealand-anz-business-confidence-plunged-to-19-4-coronavirus-taking-a-heavy-toll/ https://www.actionforex.com/live-comments/275108-new-zealand-anz-business-confidence-plunged-to-19-4-coronavirus-taking-a-heavy-toll/#respond Thu, 27 Feb 2020 02:56:33 +0000 https://www.actionforex.com/?p=275108 New Zealand ANZ Business Confidence dropped sharply from -13.2 to -19.4 in February. Confidence is worst in Agriculture at -63.6, and best in construction at 0. Activity Outlook index dropped from 17.2 to 12.0. Agriculture also scored the worst outlook at -30.3, with construction best at 21.9. ANZ noted, “it is clear that the human […]

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Coronavirus cases in South Korea and Italy continue to surge https://www.actionforex.com/live-comments/275093-coronavirus-cases-in-south-korea-and-italy-continue-to-surge/ https://www.actionforex.com/live-comments/275093-coronavirus-cases-in-south-korea-and-italy-continue-to-surge/#respond Thu, 27 Feb 2020 02:28:46 +0000 https://www.actionforex.com/?p=275093 In China, the National Health Commission reported 433 new confirmed coronavirus cases on February 26, bringing to accumulated total to 78497. Death toll rose 29 to 2641. South Korea, the worst outbreaks outside of mainland China, reported another 334 cases, bringing the total to 1595. Italy and Iran are having the worst developments next to South […]

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US oil inventories rose 0.5m barrels, WTI crude recovers back above 50 https://www.actionforex.com/live-comments/275088-us-oil-inventories-rose-0-5m-barrels-wti-crude-recovers-back-above-50/ https://www.actionforex.com/live-comments/275088-us-oil-inventories-rose-0-5m-barrels-wti-crude-recovers-back-above-50/#respond Wed, 26 Feb 2020 15:49:55 +0000 https://www.actionforex.com/?p=275088 US commercial crude oil inventories rose 0.5m barrels in the week ending February 21, below expectation of 2.3m barrels. At 443.3 barrels, crude oil inventories are about 3% below the five year average for this time of year. WTI crude oil dipped to as low as 48.98 earlier today but recovered after the release, back […]

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ECB Makhlouf: There is uncertainty about exactly what ‘close to, but below’ means https://www.actionforex.com/live-comments/275049-ecb-makhlouf-there-is-uncertainty-about-exactly-what-close-to-but-below-means/ https://www.actionforex.com/live-comments/275049-ecb-makhlouf-there-is-uncertainty-about-exactly-what-close-to-but-below-means/#respond Wed, 26 Feb 2020 12:46:27 +0000 https://www.actionforex.com/?p=275049 ECB Governing Council member Gabriel Makhlouf said that “we central banks need to do a better job at communicating and explaining”. He criticized “there continues to be uncertainty about exactly what ‘close to, but below’ means” regarding ECB’s price stability definition of “below but close to 2%”. Makhlouf added, “it has been argued that since […]

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DIW: German economy to grow 0.1% in Q1 only, risk from coronavirus outbreak https://www.actionforex.com/live-comments/275016-diw-german-economy-to-grow-0-1-in-q1-only-risk-from-coronavirus-outbreak/ https://www.actionforex.com/live-comments/275016-diw-german-economy-to-grow-0-1-in-q1-only-risk-from-coronavirus-outbreak/#respond Wed, 26 Feb 2020 10:53:28 +0000 https://www.actionforex.com/?p=275016 German Institute for Economic Research, DIW, said the country’s economy would grew only 0.1% in Q1, nearing stagnation. Economic Director Claus Michelsen warned economic performance could be even worse if global outbreak of China’s coronavirus continue. “So far, however, the corona effect has been unclear and cannot be quantified”, he said, “The export-dependent German industry […]

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ECB Holzmann said there were heated discussions regarding inflation target https://www.actionforex.com/live-comments/275005-ecb-holzmann-said-there-were-heated-discussions-regarding-inflation-target/ https://www.actionforex.com/live-comments/275005-ecb-holzmann-said-there-were-heated-discussions-regarding-inflation-target/#respond Wed, 26 Feb 2020 10:40:06 +0000 https://www.actionforex.com/?p=275005 ECB Governing Council member Robert Holzmann said that policymakers had “heated discussions” regarding inflation target last week. Currently the central bank’s definition of price stability is having inflation “below but close to 2%”. Holzmann said, “Is our monetary policy target – (inflation of) just under 2% – where it should be? Should it be less, should […]

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World not ready for Wuhan coronavirus pandemic, as cases in South Korea and Italy continue to surge https://www.actionforex.com/live-comments/274792-world-not-ready-for-wuhan-coronavirus-pandemic-as-cases-in-south-korea-and-italy-continue-to-surge/ https://www.actionforex.com/live-comments/274792-world-not-ready-for-wuhan-coronavirus-pandemic-as-cases-in-south-korea-and-italy-continue-to-surge/#respond Wed, 26 Feb 2020 03:46:46 +0000 https://www.actionforex.com/?p=274792 A team of 25 global health experts returned from China’s Wuhan, the epicenter of the coronavirus outbreak. Team leader Bruce Aylward warned in a press conference that the Wuhan coronavirus is a “rapidly escalating epidemic in different places that we’ve got to tackle superfast to prevent a pandemic.” However, “big conclusion for the world is […]

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Fed Clarida: To soon to speculate the spillover effects of China’s coronavirus outbreak https://www.actionforex.com/live-comments/274789-fed-clarida-to-soon-to-speculate-the-spillover-effects-of-chinas-coronavirus-outbreak/ https://www.actionforex.com/live-comments/274789-fed-clarida-to-soon-to-speculate-the-spillover-effects-of-chinas-coronavirus-outbreak/#respond Wed, 26 Feb 2020 03:23:18 +0000 https://www.actionforex.com/?p=274789 Fed Vice Chair Richard Clarida reiterated overnight that monetary policy is “in a good place”. “As long as incoming information about the economy remains broadly consistent with this outlook, the current stance of monetary policy likely will remain appropriate.” Also, the economy is “in a good place” too. FOMC will “proceed on a meeting-by-meeting basis […]

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US consumer confidence rose to 130.7, improving expectation enough to support spending and growth https://www.actionforex.com/live-comments/274772-us-consumer-confidence-rose-to-130-7-improving-expectation-enough-to-support-spending-and-growth/ https://www.actionforex.com/live-comments/274772-us-consumer-confidence-rose-to-130-7-improving-expectation-enough-to-support-spending-and-growth/#respond Tue, 25 Feb 2020 15:14:27 +0000 https://www.actionforex.com/?p=274772 Conference Board US Consumer Confidence rose to 130.7 in February, up from 130.4, but missed expectation of 132.6. Present Situation Index dropped from 173.9 to 165.1. Expectation Index rose fro m101.4 to 107.8. “Consumer confidence improved slightly in February, following an increase in January,” said Lynn Franco, Senior Director of Economic Indicators. “Despite the decline […]

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