Logo-color Logo-white

Australian Dollar saw a modest rebound in the Asian session today, buoyed by much stronger-than-expected employment data. The Australian labor market continues to display resilience, with full-time jobs rising sharply, pushing the total over 10 million for the first time, while unemployment rate held steady at 4.1%. This robust labor market data has dashed any […]

The post Aussie Bounces on Strong Employment Data, But Concerns Over China Keep Gains in Check appeared first on Action Forex.

previous

Sterling Weak as BoE Rate Cut Odds Rise, But Downside Limited for Now

next

Dovish ECB Rate Cut Pressures Euro, Gold Breaks to Fresh Record

Read More

Dollar and Euro Slide on Rate Cut Expectations, with US PCE and Eurozone CPI in Focus
30/11/2023

Dollar and Euro Slide on Rate Cut Expectations, with US PCE and Eurozone CPI in Focus

Dollar and Euro are emerging as notable underperformers for the week, largely influenced by increasing market anticipation of interest rate cuts by Fed and ECB in the coming year, a sentiment that is also impacting treasury yields. In US, 10-year treasury yield, a key benchmark for market expectations, has dropped below 4.3% for the first […]
Aussie Weakens, Gold’s Recovery, Global Inflation Data in Spotlights
08/01/2024

Aussie Weakens, Gold’s Recovery, Global Inflation Data in Spotlights

Australian Dollar trades broadly lower in today’s Asian session, influenced by notable decline in Hong Kong and Chinese stock markets as driven by selloff in technology stocks in these regions. Additionally, there is growing investor caution ahead of impending economic data from China, which is anticipated to highlight deepened deflation and challenges in the export […]
Calm Markets Await Powell’s Insights on Disinflation and Rate Cuts
15/07/2024

Calm Markets Await Powell’s Insights on Disinflation and Rate Cuts

Global financial markets lack clear direction today. Major European stock indexes are trading slightly lower, while US futures indicate a modestly higher open. Investors are unfazed by the assassination attempt on former US President Donald Trump, maintaining a calm stance. Focuses are turning to Fed Chair Jerome Powell’s upcoming speech, where the market hopes to […]