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Forex markets are trading with a mild risk-off tone in a relatively quiet day so far, with many Asian markets closed for Lunar New Year holiday. Safe-haven currencies, including Yen, Swiss Franc, and Dollar, are holding firm, while commodity-linked currencies are on the weaker side. However, there is little follow-through momentum, with traders hesitant to […]

The post Cautious Trading Continues as RBA Cut Expectation Rise, BoC and Fed in Spotlights appeared first on Action Forex.

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Canadian CPI Boosts Loonie, Yet Overshadowed by Sterling’s Strength
19/12/2023

Canadian CPI Boosts Loonie, Yet Overshadowed by Sterling’s Strength

Canadian Dollar jumps against US Dollar in early US session. The move is primarily attributed to Canada’s CPI data, which came in stronger than anticipated, signaling persistent inflationary pressures. Despite this uptick, CAD is not leading the pack, as it faces stiff competition from others, including the buoyant Sterling. Pound’s significant rise can be traced […]
Aussie Bounces on Strong Employment Data, But Concerns Over China Keep Gains in Check
17/10/2024

Aussie Bounces on Strong Employment Data, But Concerns Over China Keep Gains in Check

Australian Dollar saw a modest rebound in the Asian session today, buoyed by much stronger-than-expected employment data. The Australian labor market continues to display resilience, with full-time jobs rising sharply, pushing the total over 10 million for the first time, while unemployment rate held steady at 4.1%. This robust labor market data has dashed any […]
Euro Finds Stability, Markets Anticipates Turbulent Week Ahead
17/06/2024

Euro Finds Stability, Markets Anticipates Turbulent Week Ahead

The forex markets are pretty steady in Asian session today, with Euro stabilizing from its previous sharp sell-off. Meanwhile, Dollar and Yen are posting modest gains. In contrast, commodity currencies showed less resilience, and Swiss Franc surrendered some of its recent strong gains. British Pound demonstrated mixed performance. A noticeable characteristic of today’s market is […]