Logo-color Logo-white

Markets sentiment in the US stabilized overnight, responding positively to Fed Chair Jerome Powell’s less hawkish-than-anticipated remarks in the post-FOMC press conference. DOW closed slightly up, while S&P 500 and NASDAQ saw mild losses only. Treasury yields and Dollar both fell in response to these developments. Key takeaways from Powell’s address include a clear stance […]

The post Sentiment Stabilizes after FOMC, Yen Jumps Again on Alleged Strategic Intervention appeared first on Action Forex.

previous

Dollar’s Rebound Pauses ahead of FOMC, Oil Prices Decline

next

Swiss Franc Rebounds on Strong Inflation Data, Yen Standing Tall

Read More

Precious Metals Shine as Global Markets Await Central Bank Decisions and Data
08/04/2024

Precious Metals Shine as Global Markets Await Central Bank Decisions and Data

As Asian session unfolded, the forex markets have been relatively quiet. Precious metals, on the other hand, are making headlines with Gold soaring above new record high above 2350 mark and Silver also rallies significantly. Nikkei is having a notable rebound even though 40k psychological level could remain a strong resistance to cap upside. Oil […]
Dollar Strengthens Modestly as Forex Markets Quiet
07/05/2024

Dollar Strengthens Modestly as Forex Markets Quiet

The forex markets are displaying some calmness today. While Dollar is trading as the strongest performer, it lacks clear upside momentum indicating a reversal of the decline started last week. With no significant economic data expected from the US for the remainder of the week, Dollar’s next move hinges on shifts in risk sentiment and […]
Strong Inflation Boosts Aussie, Euro Struggle Returns
26/06/2024

Strong Inflation Boosts Aussie, Euro Struggle Returns

Australian Dollar surged broadly in Asian session following a much stronger-than-expected monthly CPI report, sparking speculation that RBA might return to rate hikes in August. Comments from a top RBA official also indicated that the central bank is vigilant about upside risks to inflation. The upcoming inflation reports for June and the more critical Q2 […]