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The Fed announced its first rate cut with a relatively balanced rhetoric History points to a high probability of back-to-back moves Dollar/yen and Treasury yields tend to drop until the second rate cut Barring a major event, stocks’ positive performance could continue The Fed commenced its monetary policy easing cycle in aggressive fashion by announcing […]

The post Stocks’ Positive Reaction Might Continue Until the Second Fed Rate Cut appeared first on Action Forex.

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08/12/2023

Japanese Yen Stays Top of Mind

Markets The Japanese yen stays top of mind. BoJ deputy governor Himino and his boss Ueda triggered a scorching rally amid rising bets of an imminent (December 19) policy shift. USD/JPY fell from an open at 147.31 to an intraday low of 141.71. The pair eventually closed at 144.13 with strong support from the 200dMA […]
19/03/2024

Sunset Market Commentary

Markets The Bank of Japan’s first rate hike since 2007 that ended an 8-year experiment with negative rates remained talk of the town today. Ironically though, the Japanese yen nor yields profited from what is nevertheless a historical shift, quite the contrary. This morning’s policy outcome was telegraphed well in advance to markets and there’s […]
10/06/2024

Euro Falls to Four-Week Low: Politicians to Blame

EUR/USD plummeted below 1.0800 and is currently hovering around 1.0796 on Monday morning. This development came amid heightened political tensions in France. President Emmanuel Macron called for early elections on Sunday in the wake of his party’s crushing defeat and Marine Le Pen’s party’s resounding victory in the European Parliament elections. The far-right, which secured […]