Logo-color Logo-white

Trading in the forex markets remained relatively subdued today, with limited momentum across major pairs. Sterling saw a brief uptick following robust UK employment data, but the rally quickly lost steam. The data did little to alter expectations that BoE will likely keep rates unchanged next week and wait until November to reassess its stance. […]

The post Sterling Briefly Lifted by UK Jobs Data, But Forex Markets Remain Subdued appeared first on Action Forex.

previous

UK Employment Data Takes Center Stage Amid Market Caution

next

Dollar Weakens as Treasury Yields Slip, Market Awaits US CPI for Clarity on Fed’s Next Move

Read More

Dollar’s Rally Unfazed by Weak Manufacturing Data, Bolstered by Risk Aversion
16/01/2024

Dollar’s Rally Unfazed by Weak Manufacturing Data, Bolstered by Risk Aversion

Dollar continues its strong rally in early U.S. session, making an attempt to surpass January high against Euro. The market appears to be ignoring surprisingly poor results of Empire State Manufacturing survey. Instead, mild risk-off sentiment is prevailing, offering some support to the greenback. New Zealand and Australian Dollars are the weakest performers so far […]
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 […]
NZD Spikes on Hawkish RBNZ Decision, Focus Shifts to UK Inflation Data
22/05/2024

NZD Spikes on Hawkish RBNZ Decision, Focus Shifts to UK Inflation Data

New Zealand Dollar surged sharply higher following RBNZ’s unexpectedly hawkish rate decision. While OCR was left unchanged, the central bank signaled the increased possibility of another rate hike this year and delayed projected timing of the first rate cut to the second half of 2025. However, Kiwi quickly gave back some of its gains after […]