Dollar softens mildly in quiet Asian session today. The greenback’s rebound stalled ahead of near term resistance levels, as general market sentiment stabilized in US session overnight. Investors and analysts are now turning their attention ISM Manufacturing PMI and FOMC minutes, seeking guidance on the future on the next move of the greenback. In the […]
Jan 16, 2025
Cautious Trade Dominates as Dollar Holds Steady, Yen Leads, Gold Jumps
Activity in the forex markets has turned relatively subdued today, with no clear trend emerging as traders shift into a cautious stance. With no top-tier economic data scheduled for the rest of the week, attention is turning to the impending inauguration of US President-elect Donald Trump next Monday. The spotlight is squarely on his anticipated […]
The post Cautious Trade Dominates as Dollar Holds Steady, Yen Leads, Gold Jumps appeared first on Action Forex.