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Markets US tech stocks rebounded sharply with the likes of Nvidia surging 9% after losing market capitalization +/- the size of Belgium’s economy. The Nasdaq’s 2% gain almost wiped out Monday’s 3% drop. US Treasuries marginally outperformed Bunds with rates closing slightly lower in the former and about 2-3 bps higher in the latter. The […]

The post Fed Will Hold Rates Steady Against Backdrop of Healthy Economy and Still-Above Target Inflation appeared first on Action Forex.

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29/04/2024

Japanese Yen Shows Volatility Amid Speculation of Intervention

The USD/JPY pair is hovering around 155.00 on Monday, having earlier touched a new 34-year peak at 160.00. Market rumours suggest that the Japanese authorities might have intervened in the currency market, although there has been no official confirmation. Today’s market movement is particularly notable due to a public holiday in Japan, which has resulted […]
05/08/2024

Crypto Investors Have Lost Their Nerve

Market picture The cryptocurrency market was hit by a sell-off over the weekend, the likes of which haven’t been seen in a long time. We would not have been surprised to see such a sell-off before the halving due to the last takeout of buyers before the start of active growth. There is nothing unusual […]
29/11/2024

Yen Soars as Japan’s Core Inflation Jumps

The Japanese yen has surged higher on Friday after a strong inflation release. In the European session, USD/JPY is trading at 150.19, down 0.87% on the day. Earlier, the yen has broken below the symbolic 150 level for the first time since Oct. 21. Tokyo Core CPI beats expectations Tokyo Core CPI, a key inflation […]