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Key insights from the week that was. In Australia, the central data update of the week certainly did not fail to surprise the market. The September Labour Force Survey (LFS) reported another above-trend increase in employment growth, a gain of +64.1k, driving the employment-to-population ratio to a new record high of 64.4%. Measures of unemployment, […]

The post Cliff Notes: Labour Market Powers Ahead appeared first on Action Forex.

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07/12/2023

USD/JPY: Japanese Yen Surges on Signals that BoJ is About to Exit Ultra-Loose Policy

USDJPY accelerated lower (down 1.4% in Asian/early European session) on Thursday, driven by growing market expectations that the Bank of Japan will soon start exiting its long lasting ultra-low monetary policy, which strongly boosts demand for yen. On the other hand, the US Federal Reserve is likely done with tightening and markets speculate that the […]
15/07/2024

A Clearer Shape of a Long-Term Dollar Decline

While Trump’s rise to power is widely seen as a positive for the dollar, the dollar index hit a one-month low on Monday as it continues to rebound from the Fed’s latest softening tone and inflation slowdown. The impact of Trump’s policies on the dollar is largely based on the experience of his previous presidential […]
25/06/2024

EUR/USD Has Little Upward/Rebound Potential

Markets Fuss about potential Japanese FX interventions (USD/JPY 160) and more French political scenario’s dominated headlines yesterday, but failed to inspire trading. European risk sentiment improved with key indices rising by 0.5% to 1.5%. Safe haven assets like core bonds and the dollar travelled the other direction, resulting in marginally higher German yields and EUR/USD […]