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The forex markets are rather subdued in today’s Asian session, with major currency pairs and crosses largely trading within yesterday’s ranges. Australian Dollar strengthened slightly, ignoring significantly weaker-than-anticipated job data. Instead, it’s lifted by rebound in Asian stock markets and stabilizing risk sentiment. However, the momentum behind Aussie’s rebound appears weak and limited, suggesting it […]

The post Aussie Resilient in Face of Dismal Job Data, Bitcoin Prepares to Conclude Consolidation appeared first on Action Forex.

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Swiss Franc Plummets on CPI Data Which Fuels Expectations of Further SNB Easing
04/04/2024

Swiss Franc Plummets on CPI Data Which Fuels Expectations of Further SNB Easing

Swiss Franc faced broad selling pressure in European session, driven by CPI lower than CPI data. Inflation in Switzerland slowed to its lowest since September 2021 at 1.0%, and remained within the SNB’s target range for the tenth consecutive month. This development sparked speculation among market participants about the possibility of further monetary easing by […]
Nikkei Breaks 40K as Japan’s Capital Spending Fuels Market Optimism
04/03/2024

Nikkei Breaks 40K as Japan’s Capital Spending Fuels Market Optimism

Nikkei surges through 40k mark for the first time ever, standing out in an otherwise subdued Asian session. This index was propelled by Japan’s unexpectedly robust capital spending report for Q4, which significantly bolstered investor confidence. While the surge in capital expenditure may not directly sway BoJ’s immediate monetary policy decisions as wages growth remains […]
Yen Rebounds from 160 Level, Euro Gains but Political Risks Remain
24/06/2024

Yen Rebounds from 160 Level, Euro Gains but Political Risks Remain

USD/JPY attempt to break through the critical 160 level was unsuccessful for, as Yen recovered during a relatively quiet European session today. Although Yen surged briefly, there was no sustained selloff below the 159 mark against the greenback. The scale of the movement makes it challenging to determine if Japan intervened in the market. This […]