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Mild risk-off mood is seen in the global financial markets today, starting from the the noticeable retreat in Japan’s Nikkei, then the marginal declines across European stock indices, alongside soft US futures. However, this sense of caution has not significantly rippled through the currency markets, where activity remains largely subdued. Notably, most major currency pairs […]

The post Subdued Currency Movements, Cautious Stocks, Range Trading Gold appeared first on Action Forex.

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Aussie Down on Risk Sentiment and Business Confidence, Yen Also Soft
11/06/2024

Aussie Down on Risk Sentiment and Business Confidence, Yen Also Soft

Australian Dollar is trading broadly lower today, primarily due to selloff in stocks in Hong Kong and China as markets reopened after holiday. This downward pressure is compounded by the decline in Australian business confidence, which turned negative. ANZ has become the first of the big four banks to push its forecast for RBA next […]
29/01/2024

Forex Markets in Slow Motion: Anticipation Builds for Fed, BoE and Crucial Economic Data

Tentative risk-on sentiment is perceptible in Asian session, as Japan’s Nikkei rallied with energy shares lifted by rally in oil prices. Concurrently, stock markets Hong Kong are continuing their near-term rebound, reflecting cautious optimism in the region. Nevertheless, this momentum has not translated into significant activity in the forex markets, which are showing a slow […]
NZD Spikes on Hawkish RBNZ Decision, Focus Shifts to UK Inflation Data
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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 […]