Logo-color Logo-white

While Dollar had a sharp decline following US consumer inflation data overnight, the selloff was short-lived. The greenback stabilized and recovered after FOMC projections indicated that only one rate cut is likely this year. Stock and bond markets showed little reaction to Fed’s announcement. Attention now turns to upcoming US PPI and jobless claims data […]

The post Dollar Stabilizes After FOMC Projections, Eyes on US PPI and Jobless Claims appeared first on Action Forex.

previous

Dollar Plummets on Softer Inflation Data Ahead of Crucial FOMC Decision

next

Dollar’s Rebound Stalls Amid Weak PPI and Jobless Claims; Focus Shifts to BoJ

Read More

Inflation Fears Resurface as Commodities Spike, Thwarting Central Bank Easing Hopes
06/04/2024

Inflation Fears Resurface as Commodities Spike, Thwarting Central Bank Easing Hopes

Global financial markets are bracing for potential upheaval as geopolitical strains drive gold to new record while oil prices surge. This surge, alongside the rally in metals like Copper, ignites concerns over an inflation comeback. Such inflationary pressures, combined with a revival in manufacturing and service sectors, could deter major central banks from implementing significant […]
Resilient Risk Sentiment Limits Dollar Rebound, Eurozone and US Inflation Reports Take Center Stage
30/08/2024

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

Trading activity was notably subdued in the final Asian session of the week and August, but with a busy economic calendar ahead, volatility could pick up soon. Euro remains the weakest performer of the week, as the broad slowdown in inflation, reflected in data from Germany, Spain, Belgium, and Ireland, points towards another ECB rate […]
Yen Weakens Amid BoJ’s Dovish Signals, S&P 500 Poised to Break Through 5000 Milestone
08/02/2024

Yen Weakens Amid BoJ’s Dovish Signals, S&P 500 Poised to Break Through 5000 Milestone

Japanese Yen declines broadly in today’s Asian session, reacting to dovish remarks made by BoJ Deputy Governor. The official’s commentary emphasized a cautious approach to monetary tightening, highlighting that even with exit from negative interest rate policy, the pace of interest rate hikes would remain measured. This outlook, especially the suggestion that inflation could stabilize […]