Logo-color Logo-white

Dollar is showing mild strength in early US session despite slightly disappointing PCE inflation data. While the data reinforces the likelihood of a 25bps rate cut by the Fed in September, it does little to support the case for a more aggressive 50bps cut. The greenback is getting a slightly boost from modest recovery in […]

The post Dollar Edges Up in Quiet Month-End Trading, Canada GDP and Eurozone CPI Shrugged Off appeared first on Action Forex.

previous

Resilient Risk Sentiment Limits Dollar Rebound, Eurozone and US Inflation Reports Take Center Stage

next

Rate Cut Hopes Eclipse Recession Concerns, Dollar Tracks Rising Yields

Read More

Markets Unmoved by Japan and Australia Data, Bitcoin Surges
09/01/2024

Markets Unmoved by Japan and Australia Data, Bitcoin Surges

Today’s Asian trading session has been relatively subdued. Japan reported deeper-than-expected contraction in household spending, while Tokyo CPI core showed slowdown in line with market expectations. However, Yen’s near-term rebound seems to be losing steam as these data releases have not provided significant market impetus. Meanwhile, Nikkei index returned from holiday with a bounce, though […]
Sterling Steady as UK Inflation Eases; Australian Dollar Strengthens
19/06/2024

Sterling Steady as UK Inflation Eases; Australian Dollar Strengthens

British Pound held steady following release of UK data showing decrease in both headline and core consumer inflation for May. This development is unlikely to influence BoE decision tomorrow, where a rate hold is widely anticipated. Although BoE is expected to begin cutting interest rates soon, this plan has been delayed due to the unexpected […]
Investor Sentiment Wavers Despite DOW’s Highs, Loonie Pressured Ahead of CPI
17/09/2024

Investor Sentiment Wavers Despite DOW’s Highs, Loonie Pressured Ahead of CPI

Investor sentiment is currently mixed, reflecting the heightened uncertainty surrounding this week’s crucial Fed meeting. While DOW surged to a fresh record high overnight, and S&P 500 edged closer to its historical peak too, the tech-heavy NASDAQ struggled, ending the session in negative territory. The mixed performance extended to Asia, where Nikkei fell sharply in […]