Logo-color Logo-white

Financial markets have steadied following a brief period of heightened volatility triggered by fears of escalating conflict in the Middle East. Initial concerns about a full-scale confrontation were alleviated. Both Israel and Iran played down the significance of recent explosions near an Iranian military base, suggesting a broader conflict might be avoided for now. As […]

The post Market Calm Restored After Middle East Tensions Subside appeared first on Action Forex.

previous

Middle East Conflict Shakes Markets, But Risks Seem Contained for Now

next

Market Turbulence Amid Middle East Tensions Highlights Fragile Investor Sentiment

Read More

Dollar’s Rebound Pauses, Awaiting Direction from ISM Manufacturing and FOMC Minutes
03/01/2024

Dollar’s Rebound Pauses, Awaiting Direction from ISM Manufacturing and FOMC Minutes

Dollar softens mildly in quiet Asian session today. The greenback’s rebound stalled ahead of near term resistance levels, as general market sentiment stabilized in US session overnight. Investors and analysts are now turning their attention ISM Manufacturing PMI and FOMC minutes, seeking guidance on the future on the next move of the greenback. In the […]
Dollar Holds Strong as June Rate Cut Expectations Wane; ECB to be Non-Event
11/04/2024

Dollar Holds Strong as June Rate Cut Expectations Wane; ECB to be Non-Event

Dollar remains firm in Asian session after the strong post-CPI rally. US stocks were deeply sold off as a June Fed rate cut is further priced out by the markets. Market attention is now keenly focused on the upcoming PPI for March, as well as University of Michigan’s consumer survey results. Should today’s PPI data […]
Yen Weakens on Disappointing Wage Growth Data, Nikkei Soars to 33-Year High
10/01/2024

Yen Weakens on Disappointing Wage Growth Data, Nikkei Soars to 33-Year High

Release of Japan’s disappointing wage growth data led markets to scale back expectations of an imminent rate hike by BoJ. The continued lag in wages growth behind inflation undermines the prospects of establishing a virtuous cycle of wages and prices, which is a prerequisite to a BoJ policy shift. Although a rate hike in April […]