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Dollar continues to dominate the currency markets this week, holding its position as the strongest performer as focus shifts to the upcoming non-farm payroll report from the US. Market reactions to this data will be crucial in shaping financial movements leading up to FOMC rate decision in November. If the employment figures support a standard […]

The post Dollar Firm Ahead of NFP, Can Jobs Data Fuel Further Gains? appeared first on Action Forex.

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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 […]
Market Optimism Endures Through a Week of Economic Paradoxes
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Market Optimism Endures Through a Week of Economic Paradoxes

This past week showcased a rollercoaster of economic revelations and market responses. Despite a mix of apprehensions, especially surrounding inflation and monetary policies, the prevailing mood remained decidedly risk-on. That culminated in DOW and S&P 500 reaching unprecedented highs, even though both concluded the week on a relatively subdued note. Inflation data stood at the […]
Market Sentiment Stabilizes, Attention on BoC Decision and US ADP Job
06/12/2023

Market Sentiment Stabilizes, Attention on BoC Decision and US ADP Job

Global market sentiment shows signs of stabilization in Asia today, marked by gains in major indices like Nikkei Hong Kong’s HSI. This shift indicates that the markets have largely absorbed the impact of Moody’s downgrade of China’s rating outlook, redirecting attention towards economic data and central bank policies. The spotlight is now on BoC’s interest […]