Logo-color Logo-white

Market sentiment was clearly mixed in Asian session today, highlighted by Nikkei’s remarkable resilience and Hong Kong’s stocks’ downturn. The day commenced with Nikkei momentarily succumbing to profit taking pressure, dropping below 40k mark after Tokyo’s CPI was reported to have risen to 2.5%. This initial dip, however, was short-lived as the index swiftly recaptured […]

The post Nikkei’s Resilience Contrasts With Hong Kong’s Setback, US ISM Services watched appeared first on Action Forex.

previous

Swiss Franc Pressured after After Fleeting Bounce; Bitcoin Surges Above 65k

next

Aussie Falters While Dollar Sees Slight Uptick

Read More

Nikkei Dips on New Fiscal Year, Gold Soars to New Highs, Currencies Unmoved
01/04/2024

Nikkei Dips on New Fiscal Year, Gold Soars to New Highs, Currencies Unmoved

Activity in global financial markets remain generally subdued due to the extended Easter holiday in many regions. Nevertheless, Japan’s markets kicked off the new fiscal year on a tumultuous note, with Nikkei index having a sharp sell-off. Analysts have largely dismissed the latest quarterly Tankan survey as the catalyst for this downturn. Instead, the sell-off […]
Yen Jumps Amid Rumored Intervention; Pound Rises with Fading BoE Rate Cut Hopes
17/07/2024

Yen Jumps Amid Rumored Intervention; Pound Rises with Fading BoE Rate Cut Hopes

Yen surged significantly against all major currencies during European session, with speculation on whether Japan has intervened again in the markets. Last week, it was rumored that Japanese authorities had spent JPY 3.5 trillion to prop up Yen. Despite this, top officials have been tight-lipped, refusing to confirm any direct actions. Outgoing top currency diplomat […]
Strong Retail Sales Spur Brief Dollar Bounce; More Consolidations First?
15/04/2024

Strong Retail Sales Spur Brief Dollar Bounce; More Consolidations First?

Dollar bounces slightly in early US trading following unexpectedly strong retail sales data. However, there is no clear follow through buying in the greenback for now. The only exception is USD/JPY which continues to make new 34-year highs. Against others, Dollar might extend its consolidation phase for a while longer, as the impact from rising […]