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Trading activity is rather subdued in the last Asian session of the year. With no major economic events on the calendar for the day, trading is expected to remain quiet. Dollar is making an attempt to recover but continues to be the weakest performer for the week. It is followed by Euro and Sterling in […]

The post End-of-Year Forex Market Lull; Bitcoin’s Prospects for Resurgence in 2024 Under Watch appeared first on Action Forex.

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Yen and Swiss Franc Rally in Subdued Markets; Downside Acceleration in GBP/CHF

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Dollar Wanes as Fed Sticks to Three Cuts Projection; Aussie Jumps; BoE and SNB Next
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Dollar Wanes as Fed Sticks to Three Cuts Projection; Aussie Jumps; BoE and SNB Next

Dollar took a nosedive overnight as investors were apparently relieved that Fed is still on track to cut interest rates three times this year. The odds for a June cut as indicated by fed fund futures also jumped back to above 70%. The positive sentiment shoot major US stocks indexes to new record highs. The […]
Dollar Soars and Stocks Hit Records as Markets Rethink Rate Cut Timing
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Dollar Soars and Stocks Hit Records as Markets Rethink Rate Cut Timing

Last week’s market development suggest growing skepticism among traders on their own aggressive bets on early rate cut by major central banks. After a batch of economic data from US and UK, as well as the chorus of central banker comments, Q2 is starting to look much less likely for the start of a global […]
Yen Traders Exercise Caution Ahead of BoJ
18/12/2023

Yen Traders Exercise Caution Ahead of BoJ

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