Logo-color Logo-white

Dollar remains broadly firm in early US session after a round of stronger-than-expected data reaffirmed the resilience of the US economy. However, gains are being capped as traders digest lingering political risks, including uncertainty over the status of Fed Chair Jerome Powell, and wait for further clarity from upcoming sentiment data. U.S. futures are flat, […]

The post Dollar Holds Firm on Solid Data, Aussie Lags After Jobs Miss, Japan Steps Up Tariff Talks appeared first on Action Forex.

previous

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

Read More

Euro Rebounds on French Election Relief; Market Eyes Central Bank Minutes and Key Data
01/07/2024

Euro Rebounds on French Election Relief; Market Eyes Central Bank Minutes and Key Data

Euro is staging a solid rebound today, with investors feeling somewhat reassured by the preliminary results of French parliamentary elections. While the far-right National Rally made significant gains with approximately 34% of votes in the first round, this is insufficient for an outright majority in the second round scheduled for July 7. The National Rally’s […]
New Zealand Dollar Rises on Robust Domestic Data; Market Awaits BoJ’s Pivotal Decision
18/12/2023

New Zealand Dollar Rises on Robust Domestic Data; Market Awaits BoJ’s Pivotal Decision

New Zealand Dollar strengthens broadly in an otherwise quiet Asian session today, leading Aussie along with it. This notable rise can partly be attributed to two key domestic factors: a significant improvement in consumer sentiment and robust data from the country’s services sector. In the broader context, Kiwi’s strength is also accentuated by monetary policy […]
Loonie Weakness Persists in Calmer Markets, AUD/CAD Challenges Key Resistance
21/01/2025

Loonie Weakness Persists in Calmer Markets, AUD/CAD Challenges Key Resistance

Forex markets have settled into quieter trading as the immediate impact of US President Donald Trump’s inauguration and initial executive orders fades. While Trump’s proposed tariffs remain a significant concern, their delayed implementation suggests a more calculated and strategic approach, tied to future negotiations. This tempered stance has brought a sense of cautious optimism to […]