Logo-color Logo-white

The global financial markets is riding a wave of strong risk-on sentiment, propelling DOW and S&P 500 to historical highs overnight, while NASDAQ achieved its best daily gain in over a year. That followed the record closes in DAX, CAC and Nikkei yesterday. This enthusiasm for risk has led to the yen, dollar, and Swiss […]

The post Market Optimism Hits Highs, Yen and Dollar Falter as Equities Soar to New Heights appeared first on Action Forex.

previous

Yen Falters in Risk-On Environment, Dollar Seeks Comeback With Surging Yields

next

Yen and Dollar in Weak Positions as Traders Watch US Markets’ Record Rally

Read More

Weaker Risk Appetite Drags Sterling Down; Aussie Eyes RBA Minutes and Sentiment Data
07/10/2024

Weaker Risk Appetite Drags Sterling Down; Aussie Eyes RBA Minutes and Sentiment Data

Risk sentiment is a little bit subdued as US futures trade in the red ahead of North American session. Yen is recovering broadly, partly supported by Japan’s renewed verbal intervention efforts, with traders closely monitoring the possibility of action if USD/JPY breaches 150 psychological level. Swiss Franc and Dollar are also on the firmer side. […]
Dollar Rallies Ahead of NFP, Eurozone CPI Looms
05/01/2024

Dollar Rallies Ahead of NFP, Eurozone CPI Looms

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 […]
Dominant Dollar Breaks Key Resistance Alongside 10-Year Yield
26/10/2024

Dominant Dollar Breaks Key Resistance Alongside 10-Year Yield

Dollar emerged as the unequivocal winner in the currency markets last week. Both Dollar Index and 10-year US Treasury Yield surged through their respect technically significant 55 W EMA resistance. It remains to be seen whether traders are positioning ahead of the US presidential election results, which are less than two weeks away. However, the […]