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Risk-on sentiment is back in the global markets, with DOW and S&P 500 surging to new record highs in the latest session. Notably, this rally isn’t limited to just the big tech giants. ETFs tracking both industrials and financials sectors also closed at record highs, signaling that the strength is broad-based, extending across multiple sectors […]

The post Risk Appetite Returns as Focus Shifts to US CPI appeared first on Action Forex.

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Yen Strengthens on BoJ Ueda, Swiss Franc Hits Highs, Dollar Struggles
28/12/2023

Yen Strengthens on BoJ Ueda, Swiss Franc Hits Highs, Dollar Struggles

Japanese Yen soars broadly in Asian session today, likely in delayed reactions to comment made by BoJ Governor Kazuo Ueda. Speaking to NHK, Governor Ueda indicated that the chance of moving the short-term interest rate out of negative territory in 2024 was “not zero.” This remark marks a notable shift in tone from the central […]
Euro Slumps on Weak PMI as ECB Oct Cut Speculation Heats Up
23/09/2024

Euro Slumps on Weak PMI as ECB Oct Cut Speculation Heats Up

Euro took a sharp dive today following disappointing PMI data that fueled fresh speculation about ECB potentially moving up its anticipated rate cut. Markets had been bracing for a December cut, timed with the release of new economic forecasts. However, the mounting risks of stagnation and even recession in the Eurozone have prompted discussions that […]
Consolidation Persists Amid Indecision and Anticipation
14/03/2024

Consolidation Persists Amid Indecision and Anticipation

Consolidative trading continues in the forex markets in general. There is little reaction to the batch of economic data released from there US. Comments from ECB officials were also largely ignored. For now, commodity currencies are the stronger ones for the week, as led by Canadian Dollar, while Euro is also firm. Sterling and Swiss […]