Logo-color Logo-white

Dollar faced some selling pressure overnight, as dragged down by the sharp decline in the 10-year treasury yield. Despite this, the impact on the greenback was relatively contained, thanks to significant pullbacks in major stock indices, which provided a cushion against more substantial losses. Today’s spotlight turns to Fed Chair Jerome Powell’s semiannual testimony, an […]

The post Record-Breaking Gold Amid Falling US Yields, Eyes Set on Fed Powell and BoC appeared first on Action Forex.

previous

Aussie Falters While Dollar Sees Slight Uptick

next

Dollar and Yields Downturn Continues, Fed Chair Powell Offers No Respite

Read More

Dollar Rises on Fed Reassessment, But Reversal Pending Confirmation
16/03/2024

Dollar Rises on Fed Reassessment, But Reversal Pending Confirmation

Dollar ended the week as the strongest currency, boosted by the fresh round of inflation data that led markets to reassess expectations around Fed’s rate cuts. This recalibration was also marked a pronounced rebound in treasury yields and a notably cautious sentiment pervading the stock market. Despite this rally, Dollar remained confined within the previous […]
Sterling Tumbles Broadly Amid Speculation of BoE Dovish Turn
22/04/2024

Sterling Tumbles Broadly Amid Speculation of BoE Dovish Turn

British Pound faced broad selloff today, continuing its decline in response to comments made last Friday by BoE Deputy Governor Dave Ramsden. Ramsden expressed he is now much less worried about inflation, and expects upcoming data to show significant slowdown in April. More importantly, he emphasized that UK inflation trends are likely to realign more […]
Japan’s Stock Market Breaks Through the “Iron Coffin Lid”, Yen Broadly Lower
22/02/2024

Japan’s Stock Market Breaks Through the “Iron Coffin Lid”, Yen Broadly Lower

Japanese Yen had a broad-based declined in Asian session today, while Nikkei extended its recent up trend, momentarily reaching a new record high, ending the 34-year wait. This milestone is of considerable psychological significance for Japan, symbolizing the end of over three decades of economic stagnation ensued after the burst of the country’s stock and […]