Logo-color Logo-white

Dollar remains under broad pressure midweek and is currently the weakest performer among major currencies. While dovish signals from Fed Vice Chair Michelle Bowman and Governor Christopher Waller cracked open the door for a July rate cut, that narrative has cooled. Several other Fed officials have voiced caution, pushing back on the idea of imminent […]

The post Fed Officials Push Back on July Cut, But Dollar Remains Under Pressure appeared first on Action Forex.

previous

Ceasefire Frays but Markets Stay Steady; Fed’s Powell Keeps Inflation Guard

next

Dollar Stabilizes After Slide as Calm Returns to Markets

Read More

29/01/2024

Forex Markets in Slow Motion: Anticipation Builds for Fed, BoE and Crucial Economic Data

Tentative risk-on sentiment is perceptible in Asian session, as Japan’s Nikkei rallied with energy shares lifted by rally in oil prices. Concurrently, stock markets Hong Kong are continuing their near-term rebound, reflecting cautious optimism in the region. Nevertheless, this momentum has not translated into significant activity in the forex markets, which are showing a slow […]
Risk-On Sentiment Drives Asian Markets; Focus Shifts to SNB Rate Decision
26/09/2024

Risk-On Sentiment Drives Asian Markets; Focus Shifts to SNB Rate Decision

Asian markets are maintaining a risk-on tone today, despite the lackluster US market performance overnight. Sentiment remains buoyed by China’s recent monetary stimulus measures, even as doubts linger about their overall effectiveness due to the absence of significant fiscal support. Nevertheless, stocks in Hong Kong and China continue to trade higher. In Japan, Nikkei is […]
Dollar Gains Momentum on Fed Outlook, Copper Decline Weighs on Aussie
14/11/2024

Dollar Gains Momentum on Fed Outlook, Copper Decline Weighs on Aussie

Dollar strengthened broadly overnight, underpinned by the solid rebound in US Treasury yields, while stock markets closed mixed. Stalling disinflation progress, as indicated by the latest CPI data, reinforced the likelihood that Fed will only adopt a gradual approach to lowering interest rates in the future. The aggressive 50bps rate cut back in September is […]