Forex Market Pauses Ahead of US Retail Sales, UK GDP

Dollar is having a broad upswing today as investors and traders brace for the latest US non-farm payroll data. With the recent pullback in stock markets and noticeable recovery in treasury yields, the prevailing sentiment indicates that traders are increasingly skeptical about the likelihood of an early Fed rate cut. Consequently, any upside surprises in […]

Trading activity is relatively subdued today, with most major currency pairs and crosses hovering within the previous day’s range. Australian and New Zealand Dollars are showing some resilience, maintaining their position as the firmer currencies, albeit without significant momentum. Swiss Franc has also edged higher in the daily performance chart, benefiting a recovery against both […]

Yen rose broadly today after the BoJ raised interest rates for the second time this year, and maintained hawkish bias. However, buying momentum has not been decisive. This lack of strong momentum can be attributed to the fact that the rate hike decision was likely well priced in by the markets. Nikkei’s rebound following the […]