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Volatility surged overnight as markets digested the Fed’s 25bps cut and updated projections. The Dollar initially sank on confirmation of two more cuts this year, only to rebound sharply as traders judged the overall stance less dovish than expected. The reversal pulled Wall Street and Gold lower from record levels, while 10-year yields firmed after […]

The post Dollar Finds Relief from Fed, Kiwi Crashes on GDP, BoE Next appeared first on Action Forex.

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Loonie Softens on Retail Sales Miss, But BoC Inflation Focus Limits Losses
21/03/2025

Loonie Softens on Retail Sales Miss, But BoC Inflation Focus Limits Losses

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Dollar Cools as Yields Stabilize, Gold Rally Loses Momentum
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Dollar has started to ease after a strong rally this week, alongside US Treasury yields. While the greenback is consolidating gains against European majors and Yen, there’s little indication of a substantial pullback for now. Against commodity currencies, Dollar still holds potential for additional gains. Still, traders may avoid large moves ahead of the weekly […]
Market Rout Deepens Globally: Will ISM Services Provide Relief?
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The global market turmoil showed no signs of easing as the week began, with Japanese stocks taking a severe hit during Asian session. Both the Nikkei 225 and Topix indices plunged by as much as nearly -10%, marking a -20% drop from their all-time highs on July 11. This selloff extended to the cryptocurrency market, […]