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The financial markets continued to see extreme volatility. DOW dropped by over -1000 points overnight, but the global rout seems to have paused for now. Nikkei staged a dramatic 10% rebound in early trading after yesterday’s history plunge of -12.4%. However, this recovery was not mirrored by other Asian markets. Investor sentiment remains fragile, with […]

The post Market Volatility Persists, Aussie Steady with RBA’s Intricate Inflation Forecast appeared first on Action Forex.

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Global Markets Crashing: Nikkei’s Historic 12.4% Plunge, DOW Futures Down 1100 Points

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Dollar Strengthens Mildly Amid Market Calm, Sterling Weakens

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Euro Pressured by Weak Investor Confidence Sentiment, Dollar Edges Higher
09/09/2024

Euro Pressured by Weak Investor Confidence Sentiment, Dollar Edges Higher

Dollar strengthened modestly in today’s quiet trading as market participants continued to scale back expectations for a more aggressive 50bps rate cut by Fed this month. However, the greenback’s momentum remains modest as it awaits a crucial test from the upcoming US CPI data this week. Stabilizing risk sentiment is also keeping a lid on […]
Euro Edges Down Following Left-Wing Triumph in French Elections
08/07/2024

Euro Edges Down Following Left-Wing Triumph in French Elections

Euro dips mildly a in Asian session after French parliamentary elections on Sunday delivered unexpected results. The markets had anticipated a challenging outcome for centrist President Emmanuel Macron, including a hung parliament. Yet, the outcome was particularly surprising for Marine Le Pen’s National Rally. Despite being a frontrunner, her party only secured the third spot. […]
Yen Approaches 160 Against Dollar, Will Japan Tolerate a Move to 165 or 170?
21/06/2024

Yen Approaches 160 Against Dollar, Will Japan Tolerate a Move to 165 or 170?

Yen is under intense scrutiny today as it continues a six-day losing streak, approaching the key psychological level of 160 against Dollar. This move comes despite Japan’s core inflation reaccelerating in May, but failed to meet market expected pace. Additionally, core-core CPI, which excludes both food and energy, and services inflation both continued to decline. […]