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The forex markets are ending the week in a sluggish and indecisive mood, despite a flurry of notable economic data releases. The highlight was the hotter-than-expected US core PCE inflation, which firmed expectations that Fed will hold rates steady in May, with market pricing now around 90% chance. However, expectations for a June rate cut […]

The post Markets Sluggish Despite Data Surprises, Caution Prevails Ahead of Tariff Unveil appeared first on Action Forex.

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Dollar Strengthens Amidst Global Tech Selloff and Treasury Yield Recovery
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Dollar Strengthens Amidst Global Tech Selloff and Treasury Yield Recovery

Dollar is having a renewed attempt to extend its near-term rebound, buoyed by mild risk-off sentiment prevalent in Europe and US premarkets. This resurgence in the greenback’s strength coincides with ongoing selloff in technology stocks, which has now extended to major Asian markets, with key indexes in South Korea and Taiwan closing down. Additionally, Dollar […]
Aussie Weakens as Market Eyes Upcoming RBA Rate Decision
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Aussie Weakens as Market Eyes Upcoming RBA Rate Decision

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Euro Weakens Sharply, Sterling and Swiss Franc Also Under Pressure
24/11/2024

Euro Weakens Sharply, Sterling and Swiss Franc Also Under Pressure

Euro stole the limelight last week with a steep selloff triggered by poor activity data. This downturn has intensified the pressing need for the ECB to ease monetary policy swiftly back to neutral levels. While Euro’s decline was pronounced, Sterling and the Swiss Franc are not far behind, each facing their own set of challenges. […]