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The US markets reacted positively today to stronger-than-expected retail sales data, which posted its fastest growth in a year and a half. Additionally, better-than-expected jobless claims numbers helped alleviate concerns about weaknesses in the employment market. The robust rally in US futures, along with rising yields and a stronger Dollar, suggests that traders have temporarily […]

The post Retail Sales Strength Sparks US Market Surge, Recession Fears Subside appeared first on Action Forex.

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Dollar Recovery Continues, But Bulls Struggle to Secure Full Control
08/05/2024

Dollar Recovery Continues, But Bulls Struggle to Secure Full Control

Dollar’s rebound gained some momentum in Asian session today on resurgence of risk aversion. Selloff in Japan was most notable where key industry leaders like Fast Retailing, Nintendo, and Toyota saw substantial declines. The sentiment was further dampened after remarks from BoJ Governor Kazuo Ueda, who reiterated that Yen’s extended weakness might necessitate monetary policy […]
Yen Strengthens on Recession Avoidance, Dollar and Sterling Await Data-Driven Clarity
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Yen rises broadly in Asian session today, lifted by economic data indicating Japan’s narrow escape from recession last year. This economic turnaround, while not directly influencing BoJ decision on interest rates decision next week, certainly does not obstruct the pathway for a hike. Yen’s momentum, though currently modest, could amplify with anticipated positive developments from […]
Dollar’s Rebound Pauses, Awaiting Direction from ISM Manufacturing and FOMC Minutes
03/01/2024

Dollar’s Rebound Pauses, Awaiting Direction from ISM Manufacturing and FOMC Minutes

Dollar softens mildly in quiet Asian session today. The greenback’s rebound stalled ahead of near term resistance levels, as general market sentiment stabilized in US session overnight. Investors and analysts are now turning their attention ISM Manufacturing PMI and FOMC minutes, seeking guidance on the future on the next move of the greenback. In the […]