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Sterling is sold off notably today after dismal UK labor market data intensified expectations of a BoE rate cut in August. The most striking element was the -109k drop in payrolled employment—the largest non-pandemic decline since records began in 2014—coupled with a rise in the unemployment rate to its highest level since mid-2023. While wage […]

The post Sterling Slumps as UK Jobs Data Fuels August BoE Rate Cut Bets appeared first on Action Forex.

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Muted Markets Await ECB Cut, While US-Japan Trade Talks Show Tentative Progress
17/04/2025

Muted Markets Await ECB Cut, While US-Japan Trade Talks Show Tentative Progress

The forex markets held steady in tight ranges during Asian session, with investors treading cautiously ahead of the Easter long weekend. Market mood has been mildly lifted by signs of progress in US-Japan trade negotiations. In a surprise move, US President Donald Trump joined preliminary talks and later declared “Big Progress!” via social media, injecting […]
Risk Appetite Eases; Markets Await Clarity from US-Japan Negotiations
16/04/2025

Risk Appetite Eases; Markets Await Clarity from US-Japan Negotiations

Global markets are trading with a mildly risk-off tone today, with losses spanning from Asia through to Europe, and US futures following suit. Technology stocks are under pressure, led by AI-chip giant Nvidia, which warned of significant charges stemming from new US restrictions on semiconductor exports to China. The announcement marks the latest escalation in […]
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 […]