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, 22 Sep 2018 09:10:48 +0000 en-US hourly 1 https://wordpress.org/?v=4.9.8 Summary 9/24 – 9/28 https://www.actionforex.com/economic-calendar/133248-summary-9-24-9-28/ https://www.actionforex.com/economic-calendar/133248-summary-9-24-9-28/#respond Sat, 22 Sep 2018 09:10:48 +0000 https://www.actionforex.com/?p=133248 Monday, Sep 24, 2018 Tuesday, Sep 25, 2018 Wednesday, Sep 26 2018 Thursday, Sep 27, 2018 Friday, Sep 28, 2018

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Weekly Economic and Financial Commentary: Firmer Global Growth to Be a Gradual Process https://www.actionforex.com/contributors/fundamental-analysis/133227-weekly-economic-and-financial-commentary-firmer-global-growth-to-be-a-gradual-process/ https://www.actionforex.com/contributors/fundamental-analysis/133227-weekly-economic-and-financial-commentary-firmer-global-growth-to-be-a-gradual-process/#respond Sat, 22 Sep 2018 05:36:38 +0000 https://www.actionforex.com/?p=133227 U.S. Review Housing Remains in a Soft Patch Housing starts rose 9.2% in August. Volatile multifamily starts increased 29.3%, while single-family units rose 1.9%. Building permits dropped 5.7% during the month. Existing home sales were unchanged at a 5.34-million unit annual pace in August. The total inventory of available homes was also unchanged at 1.92 […]

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The Weekly Bottom Line: Positive Data Releases Overshadowed by NAFTA https://www.actionforex.com/contributors/fundamental-analysis/133219-the-weekly-bottom-line-positive-data-releases-overshadowed-by-nafta/ https://www.actionforex.com/contributors/fundamental-analysis/133219-the-weekly-bottom-line-positive-data-releases-overshadowed-by-nafta/#respond Sat, 22 Sep 2018 03:12:48 +0000 https://www.actionforex.com/?p=133219 U.S. Highlights U.S. equity markets were unbowed by escalating trade actions between the U.S. and China this week. The S&P500 reached new highs bolstered by healthy earnings reports and growth in share buybacks. Equity market optimism is backed up by an economy set to grow by an impressive 2.9% this year, boosted by fiscal stimulus. […]

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How Will the US Mid-Term Elections Impact Markets? https://www.actionforex.com/contributors/fundamental-analysis/133213-how-will-the-us-mid-term-elections-impact-markets/ https://www.actionforex.com/contributors/fundamental-analysis/133213-how-will-the-us-mid-term-elections-impact-markets/#respond Sat, 22 Sep 2018 03:04:24 +0000 https://www.actionforex.com/?p=133213 Geopolitical risk has been a dominant theme of 2018, with escalating trade tensions, Australia’s Prime Minister getting ousted, traders questioning the independence of Turkey’s institutions, and high-stakes negotiations around NAFTA and Brexit all grabbing headlines at various points this year. With traders focused on these day-to-day developments, arguably the most impactful political development of the […]

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Brexit, Trade and FOMC to Dominate Agenda Next Week https://www.actionforex.com/contributors/fundamental-analysis/133210-brexit-trade-and-fomc-to-dominate-agenda-next-week/ https://www.actionforex.com/contributors/fundamental-analysis/133210-brexit-trade-and-fomc-to-dominate-agenda-next-week/#respond Sat, 22 Sep 2018 03:00:43 +0000 https://www.actionforex.com/?p=133210 Another week has flown by and what a week it has been! The biggest story this week was perhaps the easing of trade wars as China apparently blinked first in its dispute with the US. Global stock markets, led by China, and base metal prices all staged a relief rally. The firmer metal prices and […]

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Week Ahead; Theresa May, Trump, Trade War, Fed https://www.actionforex.com/contributors/technical-analysis/133202-week-ahead-theresa-may-trump-trade-war-fed/ https://www.actionforex.com/contributors/technical-analysis/133202-week-ahead-theresa-may-trump-trade-war-fed/#respond Fri, 21 Sep 2018 15:46:08 +0000 https://www.actionforex.com/?p=133202 Thersa May created a lot of uncertainty in the market by saying no deal is better than a bad deal. She has nothing on the table and traders knows about this. Minutes from the 4 September monetary policy meeting at the Reserve Bank of Australia confirmed that the next move in interest rates is likely […]

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Trump’s Trade Crusade: Good or Bad for World Economy? https://www.actionforex.com/contributors/fundamental-analysis/133198-trumps-trade-crusade-good-or-bad-for-world-economy/ https://www.actionforex.com/contributors/fundamental-analysis/133198-trumps-trade-crusade-good-or-bad-for-world-economy/#respond Fri, 21 Sep 2018 15:16:35 +0000 https://www.actionforex.com/?p=133198 Key points The tit-for-tat trade dispute between the US and China escalated this week. However, the market reaction was positive, as the actions were not as bad as expected. Indeed, both countries pushed for lower trade barriers (with other countries). While it will be a long and difficult path, we think a deal will be […]

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FOMC Preview: Destination Neutral https://www.actionforex.com/contributors/fundamental-analysis/133190-fomc-preview-destination-neutral/ https://www.actionforex.com/contributors/fundamental-analysis/133190-fomc-preview-destination-neutral/#respond Fri, 21 Sep 2018 15:10:15 +0000 https://www.actionforex.com/?p=133190 As the real economy is in good shape, the Fed is on autopilot until the target range reaches 2.75-3.00% (most FOMC members’ estimate of the neutral rate) After neutral is reached, it is more ‘stop and go’ depending on how the economy is doing and how markets are reacting to the monetary tightening. We expect […]

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Week Ahead – FOMC Meeting and PCE Inflation Eyed as Dollar Loses Momentum; RBNZ also Meets https://www.actionforex.com/contributors/fundamental-analysis/133184-week-ahead-fomc-meeting-and-pce-inflation-eyed-as-dollar-loses-momentum-rbnz-also-meets/ https://www.actionforex.com/contributors/fundamental-analysis/133184-week-ahead-fomc-meeting-and-pce-inflation-eyed-as-dollar-loses-momentum-rbnz-also-meets/#respond Fri, 21 Sep 2018 15:01:03 +0000 https://www.actionforex.com/?p=133184 All eyes will be on the Federal Reserve policy meeting in the United States next week as markets await the central bank’s response to a firming inflation outlook and rising global trade tensions. The Reserve Bank of New Zealand will too be holding a policy meeting. But it will be a more muted week for […]

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Weekly Focus: Italy Countdown https://www.actionforex.com/contributors/fundamental-analysis/133182-weekly-focus-italy-countdown/ https://www.actionforex.com/contributors/fundamental-analysis/133182-weekly-focus-italy-countdown/#respond Fri, 21 Sep 2018 14:57:04 +0000 https://www.actionforex.com/?p=133182 Market movers ahead In the US, we expect the Fed to hike the target range to 2.00-2.25% and PCE core inflation to rise +0.1% m/m which leaves y/y unchanged at 2.0%. In the trade war, we are still awaiting an official response to the US invitation for highlevel talks sent on 12 September. In the […]

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GBPUSD Outlook: Sterling Slumps on Signals of Brexit Talks Stall https://www.actionforex.com/contributors/technical-analysis/133179-gbpusd-outlook-sterling-slumps-on-signals-of-brexit-talks-stall/ https://www.actionforex.com/contributors/technical-analysis/133179-gbpusd-outlook-sterling-slumps-on-signals-of-brexit-talks-stall/#respond Fri, 21 Sep 2018 14:54:28 +0000 https://www.actionforex.com/?p=133179 Sterling crashed on Friday, losing 1.45% for the day so far, on dip to session low at 1.3063, driven by signals that Brexit talks stalled. UK PM May said the UK and EU Brexit negotiations are at an impasse after the EU rejected proposals from Britain and offered no alternative. May also said that the […]

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GBP/USD Mid-Day Outlook (Update) https://www.actionforex.com/technical-outlook/gbpusd-outlook/133175-gbp-usd-mid-day-outlook-update-2/ https://www.actionforex.com/technical-outlook/gbpusd-outlook/133175-gbp-usd-mid-day-outlook-update-2/#respond Fri, 21 Sep 2018 14:14:15 +0000 https://www.actionforex.com/?p=133175 Daily Pivots: (S1) 1.3169; (P) 1.3233; (R1) 1.3335; More… GBP/USD’s sharp fall and break of 1.3096 minor support argues that rebound from 1.2661 might be completed at 1.3297 already. That was accompanied by rejection from 1.3316 key fibonacci resistance and is in line with our original view. Intraday bias is turned back to the downside […]

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Canada: Headline Inflation Eases in August, but Core Measures Accelerate https://www.actionforex.com/contributors/fundamental-analysis/133173-canada-headline-inflation-eases-in-august-but-core-measures-accelerate/ https://www.actionforex.com/contributors/fundamental-analysis/133173-canada-headline-inflation-eases-in-august-but-core-measures-accelerate/#respond Fri, 21 Sep 2018 14:10:24 +0000 https://www.actionforex.com/?p=133173 Consumer prices rose 2.8% year-on-year in Canada in August, a slight deceleration from the 3% posted in July but right in line with market expectations. Adjusted for seasonal patterns, prices rose 0.1% month-on-month following a large 0.5% increase in July. Some of the key categories that boosted inflation in July have eased off in August. […]

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Sunset Market Commentary https://www.actionforex.com/contributors/fundamental-analysis/133171-sunset-market-commentary-164/ https://www.actionforex.com/contributors/fundamental-analysis/133171-sunset-market-commentary-164/#respond Fri, 21 Sep 2018 14:08:31 +0000 https://www.actionforex.com/?p=133171 Markets Global core bonds trade mixed today with German Bunds outperforming US Treasuries. The only noteworthy move of the day occurred at the start of European trading after disappointing French and German PMI’s. The Bund leapfrogged higher. EMU PMI’s remain at decent levels though, pointing to 0.5% Q/Q Q3 GDP growth, but details of the […]

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Canadian Retail Sales Up in July Though Volumes Dipped https://www.actionforex.com/contributors/fundamental-analysis/133169-canadian-retail-sales-up-in-july-though-volumes-dipped/ https://www.actionforex.com/contributors/fundamental-analysis/133169-canadian-retail-sales-up-in-july-though-volumes-dipped/#respond Fri, 21 Sep 2018 13:57:43 +0000 https://www.actionforex.com/?p=133169 Highlights: Retail sales rose 0.3% in July though were off 0.1% in volume terms (excluding the impact of prices) The volume of sales ex motor vehicles, parts and gasoline increased 0.7% E-commerce sales — only some of which are captured in headline retail sales — were up 9.4% from a year earlier Our Take: Retail […]

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Canada’s Headline Inflation Rate Eased Mildly in August; Core Measures Up https://www.actionforex.com/contributors/fundamental-analysis/133167-canadas-headline-inflation-rate-eased-mildly-in-august-core-measures-up/ https://www.actionforex.com/contributors/fundamental-analysis/133167-canadas-headline-inflation-rate-eased-mildly-in-august-core-measures-up/#respond Fri, 21 Sep 2018 13:55:52 +0000 https://www.actionforex.com/?p=133167 Highlights: CPI dipped 0.1% in August in line with expectations The year-over-year rate slid to 2.8% from 3.0% in July Bank of Canada’s core measures averaged 2.1% in August, after holding around 2.0% over the prior six months Our Take: Canada’s inflation rate dipped in August from July’s 3% but remained elevated at 2.8%. Relative […]

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Sterling Down on May Brexit Warnings https://www.actionforex.com/contributors/fundamental-analysis/133165-sterling-down-on-may-brexit-warnings/ https://www.actionforex.com/contributors/fundamental-analysis/133165-sterling-down-on-may-brexit-warnings/#respond Fri, 21 Sep 2018 13:54:43 +0000 https://www.actionforex.com/?p=133165 Theresa May took to the podium on Friday in an attempt to hit back at the EU after she was humiliated in Salzburg in what was meant to be a positive meeting ahead of the Tory Party Conference. While May will be desperate for the takeaway from the speech to be that the UK is […]

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GBP/JPY Mid-Day Outlook https://www.actionforex.com/technical-outlook/gbpjpy-outlook/133161-gbp-jpy-mid-day-outlook-39/ https://www.actionforex.com/technical-outlook/gbpjpy-outlook/133161-gbp-jpy-mid-day-outlook-39/#respond Fri, 21 Sep 2018 13:51:51 +0000 https://www.actionforex.com/?p=133161 Daily Pivots: (S1) 147.99; (P) 148.64; (R1) 149.94; More… GBP/JPY’s sharp fall and break of 148.51 minor support suggests temporary topping at 149.70. Intraday bias is turned neutral first. For now, further rise is still expected as long as 145.67 resistance turned support holds. Break of 149.70 will target 153.84/156.69 resistance zone. However, break of […]

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EUR/GBP Mid-Day Outlook https://www.actionforex.com/technical-outlook/eurgbp-outlook/133156-eur-gbp-mid-day-outlook-33/ https://www.actionforex.com/technical-outlook/eurgbp-outlook/133156-eur-gbp-mid-day-outlook-33/#respond Fri, 21 Sep 2018 13:47:45 +0000 https://www.actionforex.com/?p=133156 Daily Pivots: (S1) 0.8850; (P) 0.8871; (R1) 0.8897; More… EUR/GBP surges strongly to as high as 0.8984 and takes our 0.8935 minor resistance decisively. The strong upside momentum, with bullish convergence condition in 4 hour MACD, argues that pull back from 0.9097 has completed at 0.8847 already. The corrective structure in turns carries bullish implication. […]

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EUR/USD Mid-Day Outlook https://www.actionforex.com/technical-outlook/eurusd-outlook/133152-eur-usd-mid-day-outlook-426/ https://www.actionforex.com/technical-outlook/eurusd-outlook/133152-eur-usd-mid-day-outlook-426/#respond Fri, 21 Sep 2018 13:40:30 +0000 https://www.actionforex.com/?p=133152 Daily Pivots: (S1) 1.1702; (P) 1.1744; (R1) 1.1819; More….. Focus in EUR/USD remains on 38.2% retracement of 1.2555 to 1.1300 at 1.1779 key resistance level. Rejection from 1.1779 and break of 1.1649 minor support will indicate that corrective rise from 1.1300 has completed. That will be in line with our original view and turn bias […]

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