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Global markets were buoyed by pervasive risk-on sentiment last week, with both FTSE and DAX setting new records and major US indices posting substantial gains. Even Hong Kong HSI extended its rally from January’s lows by 25%, underscoring a broad uptick in investor confidence. In Europe, enthusiasm was particularly pronounced following the ECB’s reaffirmation of […]

The post Global Markets Rally on Central Bank Easing Signals; Currencies Show Subdued Movements appeared first on Action Forex.

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Lower Inflation Expectations Weigh on NZD, Anticipation Builds for US CPI Release

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CAD Sinks after CPI, NZD Await RBNZ
21/05/2024

CAD Sinks after CPI, NZD Await RBNZ

Canadian Dollar sees a broad decline in early US session due to growing speculation about rate cut by BoC in the near future. April’s headline CPI slowed as expected, despite a significant increase in gasoline prices. Core inflation measures also showed more progress in disinflation than anticipated. While it remains uncertain if this progress will […]
Yen Stabilizes After Sharp Rally, Japan Withholds Confirmation of Intervention
29/04/2024

Yen Stabilizes After Sharp Rally, Japan Withholds Confirmation of Intervention

Yen is currently trading as the strongest currency for the day as the markets enter into US session. The earlier dip below 160 psychological support against Dollar spurred a wave of buying, propelling Yen sharply higher. However, subsequent trading has not shown clear follow-through momentum, indicating that the initial surge may have been more of […]
Dollar Fluctuates After US CPI, Decisive Moves Pending
12/12/2023

Dollar Fluctuates After US CPI, Decisive Moves Pending

In the aftermath of US CPI release, the forex markets are staying in a state of consolidation, with mixed reactions. Initially, there was an attempt to sell Dollar following the data, but this momentum quickly dissipated as the data largely aligned with market expectations. Headline CPI showed a gradual decline, albeit at a slow pace, […]