Logo-color Logo-white

Trading in the early US session is relatively subdued, with little momentum driving market moves. Canadian Dollar, despite an initial attempt to rally on the back of stronger-than-expected job data, has not been able to attract sustained buying interest. The market continues to price in further easing from BoC, as expectations mount that the central […]

The post Muted Trading as Canadian Dollar Fails to Bounce on Strong Job Data appeared first on Action Forex.

previous

Risk Sentiment Steadies as Dollar Softens, GBP/CAD Eyes UK and Canada Data

next

Dollar Strengthens with Fed Clarity, China Ambiguity Drags Regional Sentiment

Read More

Yen Pressured by Political Uncertainty and BoJ Rate Hesitation
11/11/2024

Yen Pressured by Political Uncertainty and BoJ Rate Hesitation

Yen started the week under notable pressure, facing challenges from both political uncertainty in Japan and a cautious BoJ. A highly anticipated parliamentary vote will decide whether Prime Minister Shigeru Ishiba remains in office. Ishiba’s leadership is on the line after his party, the Liberal Democratic Party, lost its majority in a recent snap election. […]
Aussie Weakens, Gold’s Recovery, Global Inflation Data in Spotlights
08/01/2024

Aussie Weakens, Gold’s Recovery, Global Inflation Data in Spotlights

Australian Dollar trades broadly lower in today’s Asian session, influenced by notable decline in Hong Kong and Chinese stock markets as driven by selloff in technology stocks in these regions. Additionally, there is growing investor caution ahead of impending economic data from China, which is anticipated to highlight deepened deflation and challenges in the export […]
Market Volatility Persists, Aussie Steady with RBA’s Intricate Inflation Forecast
06/08/2024

Market Volatility Persists, Aussie Steady with RBA’s Intricate Inflation Forecast

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 […]