Logo-color Logo-white

Released over the weekend, China’s economic data revealed a concerning trend as CPI plunged further into negative territory in November, marking the country’s deepest deflationary period in three years. CPI fell to -0.5% yoy, a notable decline from -0.2% yoy in the previous month and falling short of the expected -0.2% yoy. This deflationary reading […]

The post China’s CPI fell to -0.5% yoy in Nov, deepening deflation appeared first on Action Forex.

previous

A Week of Market Shifts, Yen Skyrockets on BoJ Speculations

next

Yen and Aussie Soften in the Wake of Yuan’s Decline

Read More

Yen Jumps Amid Rumored Intervention; Pound Rises with Fading BoE Rate Cut Hopes
17/07/2024

Yen Jumps Amid Rumored Intervention; Pound Rises with Fading BoE Rate Cut Hopes

Yen surged significantly against all major currencies during European session, with speculation on whether Japan has intervened again in the markets. Last week, it was rumored that Japanese authorities had spent JPY 3.5 trillion to prop up Yen. Despite this, top officials have been tight-lipped, refusing to confirm any direct actions. Outgoing top currency diplomat […]
Risk-On Sentiment Prevails in US, Mixed Trends in Asia, Sterling Eyes UK CPI
20/12/2023

Risk-On Sentiment Prevails in US, Mixed Trends in Asia, Sterling Eyes UK CPI

Robust risk-on sentiment was seen in the US markets overnight, with DOW extending its record-breaking run. S&P 500 is also approaching its historical peak, now just 50 points shy, and appears poised to challenge this high. The bullish momentum is underpinned by messages from Fed officials, suggesting that while an immediate rate cut is not […]
Dollar Strengthens as DOW Plunges; Yen Struggles to Extend Rally
19/07/2024

Dollar Strengthens as DOW Plunges; Yen Struggles to Extend Rally

Dollar rebounded broadly overnight following steep 500+ point selloff in DOW. Some analysts cited rotation away from big tech as the cause, but the decline was broad-based. Profit-taking could be a more likely factor after recent record runs, as traders and Fed policymakers await more data to determine the number of rate cuts needed this […]