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Euro is facing immense selling pressure today as US session commences, driven by both external trade concerns and internal political challenges in Germany. The market is wary of escalation in trade tensions with the US following Donald Trump’s election victory, with reports suggesting that Robert Lighthizer—a trade hawk known for his aggressive stance—could make a […]

The post Renewed US Tariff Concerns and German Instability Hammer Euro appeared first on Action Forex.

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Diverging Trends in Asian Markets; EUR/USD Awaits Eurozone CPI and US NFP
30/09/2024

Diverging Trends in Asian Markets; EUR/USD Awaits Eurozone CPI and US NFP

Asian financial markets are displaying significant divergence today. Japan’s Nikkei index has plummeted over -4%, reacting sharply to the ruling Liberal Democratic Party’s election results from last Friday. Shigeru Ishiba, the newly elected LDP leader and Japan’s incoming Prime Minister, attempted to soften his previously hawkish stance on the BoJ monetary policy during a interview […]
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01/08/2024

Sterling Stabilizes After Initial Selloff, BoE Easing Not Automatic Despite First Cut

Sterling suffered an initial sell-off in European trading and remained weak following BoE’s decision to cut the Bank Rate by 25 basis points to 5.00%. However, it stabilized during Governor Andrew Bailey’s press conference. The tight 5-4 vote to cut the rate underscored that monetary policy easing is not on auto-pilot for BoE. Bailey highlighted […]
Global Markets Rally on Central Bank Easing Signals; Currencies Show Subdued Movements
11/05/2024

Global Markets Rally on Central Bank Easing Signals; Currencies Show Subdued Movements

Global markets were buoyed by pervasive risk-on sentiment last week, with both FTSE and DAX setting new records and major US indices posting substantial gains. Even Hong Kong HSI extended its rally from January’s lows by 25%, underscoring a broad uptick in investor confidence. In Europe, enthusiasm was particularly pronounced following the ECB’s reaffirmation of […]