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The financial markets are in a state of heightened anticipation as the much-awaited US non-farm payroll report is set to release today. This key data set will be critical in assessing whether the US economy is veering towards a recession, following the jump in the unemployment rate in July. For Fed, the NFP data will […]

The post Markets Brace for NFP Impact as Yen Rally Gains Momentum appeared first on Action Forex.

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Yen Climbs as Markets React to BoJ Ueda’s Talk and China’s Import Contraction
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Yen Climbs as Markets React to BoJ Ueda’s Talk and China’s Import Contraction

Yen and Dollar strengthened notably in Asian session today, amid a backdrop of risk aversion that’s reflected in the continued downturn in Hong Kong’s stock market and softness in Japan. A key factor impacting market sentiment is the unexpected slump in China’s imports, including the decline in crude oil imports – the first such annual […]
Subdued Trading and Anticipation for RBA Minutes
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Activity in the global financial markets are rather muted today, with major European stock indexes reading water within a narrow range. US futures are also showing little change, reflecting the quietness of US market holiday. In the currency sphere, movements are similarly subdued, with Euro and Swiss Franc ranking as the day’s weaker currencies followed […]
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Euro Rebounds With Sterling, Dollar Softens Despite Solid Durable Goods

Euro rebounded notably today despite the absence of substantial news from Europe. Sterling followed suit, shrugging off poor UK retail sales data. Conversely, Dollar ignored upbeat durable goods data and weakened alongside Yen and Swiss Franc. Commodity currencies displayed mixed performance. It appears that traders are lightening up their positions ahead of the long weekend […]