Logo-color Logo-white

Asian markets are maintaining a risk-on tone today, despite the lackluster US market performance overnight. Sentiment remains buoyed by China’s recent monetary stimulus measures, even as doubts linger about their overall effectiveness due to the absence of significant fiscal support. Nevertheless, stocks in Hong Kong and China continue to trade higher. In Japan, Nikkei is […]

The post Risk-On Sentiment Drives Asian Markets; Focus Shifts to SNB Rate Decision appeared first on Action Forex.

previous

Euro Gains Momentum Despite ECB Rate Cut Speculations

next

Swiss Franc Steady as Dovish SNB Tone Balances Offsets Rate Cut

Read More

Euro Rallies on Inflation Surprise, US PCE Data Bolsters Stocks
31/05/2024

Euro Rallies on Inflation Surprise, US PCE Data Bolsters Stocks

Euro surges broadly today after Eurozone inflation data showed larger than expected re-acceleration in May. While this increase doesn’t shift the consensus that ECB will proceed with a rate cut next week, it significantly dampens any remaining expectations for a subsequent cut in July. Market speculation now leans towards the possibility of only two ECB […]
Dollar Gains Post-US CPI, But Momentum Subdued
11/01/2024

Dollar Gains Post-US CPI, But Momentum Subdued

The financial markets’ initial reactions to stronger than expected US CPI readings are relatively subdued. While there was an immediate response with Dollar and yields rising, and stock futures dipping, these movements lacked significant follow-through. The exception in the currency markets was USD/JPY, which broke through last week’s high. However, this move is attributed to […]
Dollar Rebounds on Strong Employment Cost Data, Euro Supported by GDP and CPI Core
30/04/2024

Dollar Rebounds on Strong Employment Cost Data, Euro Supported by GDP and CPI Core

Dollar’s rebound is picking up momentum in early US session, bolstered by latest Employment Cost Index which rose by 1.2% in Q3, marking the fastest pace since Q3 2022. This unexpected acceleration in employment costs adds to a series of economic data that suggests the US economy remains hotter than preferred. Especially, persistently elevated services […]