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Trading remains subdued across the forex markets as participants brace for the dual risk events: Fed’s policy decision and the escalating tensions between Israel and Iran. Currency pairs are largely bounded inside last week’s ranges, with traders opting for caution rather than conviction. Aussie and Kiwi lead this week’s performance, while Sterling, Franc, and Yen […]

The post Markets Tread Water Ahead of Fed Decision, Dots in Focus appeared first on Action Forex.

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Sterling Caught Between Inflation Surprise and Escalating Global Tensions; FOMC Next

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Dollar Recovers as Markets Await Fed Projections, Gold Loses Some Momentum
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Dollar Recovers as Markets Await Fed Projections, Gold Loses Some Momentum

Dollar is recovering across the board as markets enter the US session, though the move appears to be more caution-driven than a shift in sentiment. With FOMC rate decision looming, traders are taking a more neutral stance rather than doubling down on Dollar’s recent weakness. Fed is widely expected to keep rates steady at 4.25-4.50%, […]
Yen and Dollar Face Fresh Selling Pressure in Quiet Market
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Sterling Holds Firm After BoE, But Dollar and Yen Outperform

Sterling is trading slightly firmer today, though it struggles against the rebounding Dollar and Yen. BoE’s rate decision leaned slightly more hawkish than expected, with only one member of the MPC, the known dove Swati Dhingra, voting for a rate cut. The rest supported keeping rates on hold. The overall tone of the statement remained […]