ActionForex

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By ActionForex On Friday, March 16th, 2018
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AUD, NZD, CAD Weaken On Fear Of Rising Protectionism

Commodity currencies, including Canadian, Australian and New Zealand Dollar are suffering steep selling towards the end of the week. New White House economic adviser Larry Kudlow’s strong Dollar comment was More...

By ActionForex On Thursday, March 15th, 2018
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Trade War Theme Dominates Markets, Dollar Stays Weak

Trade war continued to be the main theme in the financial markets. In particular, investors are getting increasing concerned with the reported USD 40b tariffs on Chinese goods by the US. DOW closed -1.0% lower overnight More...

By ActionForex On Thursday, March 15th, 2018
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Dollar Tumbles As Trump Preparing For Full Blown Trade War With China

Global markets tumbled on concern that US President Donald Trump is finally starting the steps towards a full blown trade war with China. DOW ended down -0.68%, or -171.58 pts at 25007.03. also lost -0.64%, or More...

By ActionForex On Tuesday, March 13th, 2018
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Forex Markets Indecisive, US CPI Awaited

Movements in the forex markets are not too decisive for the moment. Sterling made a bull run yesterday but there was no follow through buying. is staying below 1.3929 near term resistance despite the rally attempt. More...

By ActionForex On Monday, March 12th, 2018
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Australian Dollar Lifted By Risk Appetite And Steel Tariff Exemption

Australian Dollar and New Zealand Dollar jump broadly as another week starts in full risk-on mode. Japanese opened sharply higher and is trading up 1.4% at the time of writing. Hong Kong HSI is also up close to More...

By ActionForex On Friday, March 9th, 2018
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Dollar Survived Event Risks, Strong As Focus Turns To Non-Farm Payrolls

The greenback emerged as a winner after most of the the event risks this week and is staying firm in Asian session. In particular, Euro’s selloff after just slightly less dovish than expected ECB provides More...

By ActionForex On Thursday, March 8th, 2018
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Euro Pares Gains Ahead Of ECB, Canadian Dollar Rebounds On Tariff Exclusion

The financial markets show that investors are well prepared for the steel and aluminum tariff by the US. closed down just -0.33% overnight, at 24801.36. 10 year yield gained 0.006 to 2.883, staying in near term More...

By ActionForex On Wednesday, March 7th, 2018
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Dollar Lower On Gary Cohn Resignation, Stocks Shrugged Off

Dollar is broadly pressured on news of White House economic advisor Gary Cohn’s resignation. The dipped to as low as 89.42 and staying below 90 handle. is staying comfortably back above 1.24 and is set to More...

By ActionForex On Tuesday, March 6th, 2018
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Trump Said He Won’t Back Down On Tariffs, But Markets Bet He Will

Market sentiments improved as some considered US President Donald Trump’s threat of trade war is merely a “political show”. And pressures from the Republicans and business executives will More...

By ActionForex On Monday, March 5th, 2018
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Markets Stay Defensive As Trump Steps Up His Words On Trade Wars

The forex markets are pretty steady in Asian session as an extremely busy week starts. Reactions to Italy election and Germany SPD vote on grand coalition were muted. Euro remains steady so far, staying as the second More...