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Yen recovered mildly in quiet Asian session along with the Swiss Franc, driven by mild risk aversion in the region. Despite this uptick, there is no strong indication of a significant rebound for the Japanese currency following its sharp decline last week. Notably, Japan did not utilize the thin liquidity at the beginning of the […]

The post Japan’s Inaction and Refrained Rhetoric Lead to Speculation on New Intervention Threshold appeared first on Action Forex.

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Sterling Climb as Markets Dial Back BoE Rate Cut Expectations
25/05/2024

Sterling Climb as Markets Dial Back BoE Rate Cut Expectations

Last week, global financial markets were heavily influenced by evolving expectations surrounding central bank monetary easing paths and unexpected political developments. British Pound emerged as the most significant gainer, buoyed by fading expectations of an immediate BoE rate cut in June. This shift was precipitated by latest inflation data and compounded by the UK government’s […]
Swiss Franc Declines Persist as DAX Hits New Heights, Aussie Awaits CPI
26/03/2024

Swiss Franc Declines Persist as DAX Hits New Heights, Aussie Awaits CPI

Risk-on sentiment is pressuring e Swiss Franc and, to a lesser extent, Yen and Dollar today. DAX soared to new record highs, undeterred by the latest weak German consumer sentiment data, while CAC and FTSE are also marking gains. Similarly, the CAC and FTSE indices are registering gains, with U.S. futures indicating a positive start […]
Sterling Stabilizes After Initial Selloff, BoE Easing Not Automatic Despite First Cut
01/08/2024

Sterling Stabilizes After Initial Selloff, BoE Easing Not Automatic Despite First Cut

Sterling suffered an initial sell-off in European trading and remained weak following BoE’s decision to cut the Bank Rate by 25 basis points to 5.00%. However, it stabilized during Governor Andrew Bailey’s press conference. The tight 5-4 vote to cut the rate underscored that monetary policy easing is not on auto-pilot for BoE. Bailey highlighted […]