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Risk-on sentiment dominated global financial markets last week, with investors buoyed by US inflation report that alleviated fears of another interest rate hike by Fed. The DOW defied gravity and surged to a new record high above the 40k mark, while S&P 500 and NASDAQ also set new records. Commodities mirrored this strong performance, with […]

The post Risk-On Sentiment Pushes US Stocks to New Highs, Safe-Haven Currencies Underperform appeared first on Action Forex.

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Calmer Markets Shift Focus to US PCE Inflation Data
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Calmer Markets Shift Focus to US PCE Inflation Data

The forex markets have calmed down considerably in Asian session after a week of significant wild ride. Despite the pause, the risk-averse sentiment persists. Yen, which has led the charge this week, is starting to take a breather. It remains the runaway leader, followed by Swiss Franc and then Dollar. Meanwhile, New Zealand Dollar has […]
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