Logo-color Logo-white

Dollar is gradually recovering from the selloff triggered by US CPI data release earlier in the week. However, the recovery momentum remains indecisive. US stock markets, after a record run, are taking a breather, but bullish sentiment still appears dominant. The stock rally might resume if DOW convincingly breaks the 40k mark, which could again […]

The post Dollar Still in Recovery With Indecisive Momentum; Eyes on USD/CHF Resistance appeared first on Action Forex.

previous

Selling Pressure Shifts to Yen and Swiss Franc, Dollar Recovers on Fed’s Hawkish Remarks

next

Risk-On Sentiment Pushes US Stocks to New Highs, Safe-Haven Currencies Underperform

Read More

Canadian Dollar Slips as CPI Solidifies Case for BoC Sep Cut, Gold Marches On
20/08/2024

Canadian Dollar Slips as CPI Solidifies Case for BoC Sep Cut, Gold Marches On

Canadian Dollar has come under broad pressure in the early US session following the release of the latest inflation data, which showed a further slowdown in inflation, with headline CPI fell to a 40-month low and core measures also easing. This set of data has strengthened market’s expectation that BoC would deliver its third rate […]
Yen Hits 34-Year Low Against Dollar Amid Inaction from Japanese Authorities
15/04/2024

Yen Hits 34-Year Low Against Dollar Amid Inaction from Japanese Authorities

The forex markets are primarily focused on Yen’s continued broad-based decline as another trading week commences. In particular, the Japanese currency has now reached a new 34-year low against Dollar. Despite frequent official warnings and the expressed readiness to intervene against speculative movements, Japanese authorities have yet to take concrete action. Finance Minister Shunichi Suzuki […]
Dollar Stabilizes After FOMC Projections, Eyes on US PPI and Jobless Claims
13/06/2024

Dollar Stabilizes After FOMC Projections, Eyes on US PPI and Jobless Claims

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 […]