Logo-color Logo-white

Global financial markets are trading with a risk-on sentiment today, starting from the Asian session and continuing through the European and early US sessions. However, gains in stocks have been relatively limited, partly constrained by recovery in benchmark treasury yields, and partly capped by low trading activity. In the currency markets, positions have shifted somewhat […]

The post Risk-On Rally Continues in Quiet Markets, Forex Lacks Direction appeared first on Action Forex.

previous

Week Begins with Market Optimism, Metals See Strong Gains

next

Aussie and Yen Decline, Loonie Awaits Crucial CPI Data

Read More

Dollar Finds Its Footing, Euro Faces Headwinds, Aussie at a Critical Point
29/11/2023

Dollar Finds Its Footing, Euro Faces Headwinds, Aussie at a Critical Point

Dollar is stabilizing after earlier selloff but remains the weakest performer for the week. Its modest recovery can be partly attributed to a bounce back against Euro, which is currently under pressure due to Germany’s lower-than-expected CPI readings. Meanwhile, Australian Dollar is experiencing a delayed reaction to Australia’s lower-than-expected monthly CPI readings too. As a […]
Yen Under Pressure Amid Global Yield Rebounds and BoJ Policy Uncertainty
04/01/2024

Yen Under Pressure Amid Global Yield Rebounds and BoJ Policy Uncertainty

Japanese Yen is facing increased selling pressure today, influenced by rebound in US and European benchmark treasury yields. Additionally, traders are scaling back their expectations of imminent monetary policy changes by BoJ, in the wake of the recent devastating earthquake in Japan. This context sets the stage for potential downside risks to Yen in the […]
Central Bankers Work to Recast Rate Expectations, Yet Market Optimism Remains Unwavering
10/02/2024

Central Bankers Work to Recast Rate Expectations, Yet Market Optimism Remains Unwavering

Last week’s financial markets were characterized by a mix of resilience, speculation, and divergent central bank signals. In the US, the narrative remained steadfast with Fed officials emphasizing a patient approach towards monetary policy, firmly pushing back against the market’s eager anticipations for imminent rate cuts. This cautious did little to dampen the spirits of […]