Logo-color Logo-white

Markets adopted a cautious tone again today, as attention swung back to U.S. economic data. Today’s ADP private payrolls and ISM services figures are seen as key precursors to tomorrow’s highly anticipated nonfarm payrolls. The numbers are expected to sharpen the Fed’s rate-cut calculus, with traders reluctant to take large positions before the release. Fed […]

The post Cautious Tone Returns as ADP, ISM Set Stage for NFP appeared first on Action Forex.

previous

Sterling Recovers Modestly, Global Yields Ease

next

Dollar Holds Firm as US Jobs Data Weaker But Not Disastrous

Read More

Yen Leads Weekly Gains While France Stages Come Back
13/09/2024

Yen Leads Weekly Gains While France Stages Come Back

Yen continues to strengthen broadly today, maintaining its position as the best-performing currency of the week so far. Renewed speculation around a possible 50bps rate cut by the Fed has provided an extra lift to the Japanese currency. Additionally, renewed weakness in US and European benchmark yields further supports the Yen’s rally. BoJ is widely […]
BoE’s Hawkish Cut Sparks Sterling Rally
07/08/2025

BoE’s Hawkish Cut Sparks Sterling Rally

Sterling surged across the board after the BoE delivered a widely expected rate cut to 4.00%, but with a much tighter vote split than markets anticipated. Four of the nine Monetary Policy Committee members voted to keep rates unchanged, signaling persistent concerns about upside inflation risks. This hawkish undercurrent, paired with Governor Andrew Bailey’s cautious […]
Investor Sentiment Wavers Despite DOW’s Highs, Loonie Pressured Ahead of CPI
17/09/2024

Investor Sentiment Wavers Despite DOW’s Highs, Loonie Pressured Ahead of CPI

Investor sentiment is currently mixed, reflecting the heightened uncertainty surrounding this week’s crucial Fed meeting. While DOW surged to a fresh record high overnight, and S&P 500 edged closer to its historical peak too, the tech-heavy NASDAQ struggled, ending the session in negative territory. The mixed performance extended to Asia, where Nikkei fell sharply in […]