Logo-color Logo-white

Sterling emerged as the star performer in today’s market, largely driven by surprising inflation data from the UK. CPI inflation in December showed an unexpected acceleration, with core CPI remaining at elevated level. This development led to a swift change in the market’s perspective concerning BoE’s policy, reducing the anticipated number rate cuts this year […]

The post Unexpected UK CPI Boosts Sterling, Risk Aversion Continues appeared first on Action Forex.

previous

Market Trepidation Over Chinese Data, Dollar Marches On

next

Forex Markets Steady with Stabilized Sentiment, Aussie’s Recovery Dampened by Job Data

Read More

Banking Jitters Propel Yen to Forefront, Overshadowing Fed; BoE Next
01/02/2024

Banking Jitters Propel Yen to Forefront, Overshadowing Fed; BoE Next

In a week crowded with high-profile events like FOMC rate decision overnight and the upcoming BoE meeting today, Japanese Yen is surprisingly stealing the show as the star performer in the currency markets. This rally in Yen’s can be attributed to the significant drop in global benchmark treasury yields, driven by renewed flight to safety […]
Aussie Recovers with RBA Hold and China Stocks Rally, But Momentum Tepid
06/02/2024

Aussie Recovers with RBA Hold and China Stocks Rally, But Momentum Tepid

Australian Dollar recovered mildly today, but momentum is so far limited. While RBA softened the hawkish stances after standing pat on rates, the left is still left open for more tightening. Governor Michele Bullock emphasized in the post-meeting press conference that the inflationary battle is far from won, while the board would keep this option […]
Market Sentiment Stabilizes, Attention on BoC Decision and US ADP Job
06/12/2023

Market Sentiment Stabilizes, Attention on BoC Decision and US ADP Job

Global market sentiment shows signs of stabilization in Asia today, marked by gains in major indices like Nikkei Hong Kong’s HSI. This shift indicates that the markets have largely absorbed the impact of Moody’s downgrade of China’s rating outlook, redirecting attention towards economic data and central bank policies. The spotlight is now on BoC’s interest […]