Logo-color Logo-white

Forex markets are trading with a relatively subdued tone as the US session gets underway, with limited broad-based momentum among major currencies. The most notable move is a selloff in the Swiss Franc, which appears largely technical, led by a bullish bounce in EUR/CHF. Meanwhile, Yen is seeing a modest recovery, likely driven by profit-taking […]

The post Calm FX Session Sees Franc Slips, Yen Recovers appeared first on Action Forex.

previous

Sterling Inches Up on UK CPI; US Tariff Deals and Crypto Politics Share Spotlight

next

Greenback Recovers from Powell Firing Whipsaws, Aussie Crushed by Jobs Shock

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 […]
Dollar Weakens as Traders Boost Bets on 50bps Fed Cut
16/09/2024

Dollar Weakens as Traders Boost Bets on 50bps Fed Cut

Traders continue to ramp up bets on a 50bps rate cut by Fed this Wednesday, with market odds now sitting at 65%. This increasing expectation is driving DOW futures higher, positioning the index for a potential new record high in the upcoming regular trading session. However, S&P 500 and NASDAQ are showing less momentum, struggling […]
Sterling Rallies on Strong Retail Sales as Yen Struggles
20/09/2024

Sterling Rallies on Strong Retail Sales as Yen Struggles

Sterling climbed broadly today, fueled by unexpectedly strong UK retail sales data that more than compensated for the lackluster consumer confidence report. Despite ongoing high interest rates and persistent inflation, British consumers appear to be resilient, continuing to spend. This bolsters the position of hawkish members within the BoE’s MPC, who may push harder for […]