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Markets shrugged off the latest US CPI release, with muted reactions across assets. While annual core inflation ticked slightly higher, the modest rise appears to be a relief for Fed and investors alike. Overall, the data does little to shift expectations around the Fed’s easing path. The July FOMC meeting remains firmly priced for a […]

The post Markets Calm as US CPI Leaves Fed Outlook Unchanged, Yen Slides Continue appeared first on Action Forex.

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Safe-Haven Currencies Edge Higher, But Momentum Weak
09/08/2024

Safe-Haven Currencies Edge Higher, But Momentum Weak

As we move into US session, safe-haven currencies like Yen, Swiss Franc, and Dollar are showing modest gains, driven by weaker stock futures and treasury yields. However, momentum behind these currencies remains unconvincing, with trading sluggish across the board. Most major pairs and crosses are confined within the ranges established yesterday, reflecting a cautious market […]
Strong Retail Sales Spur Brief Dollar Bounce; More Consolidations First?
15/04/2024

Strong Retail Sales Spur Brief Dollar Bounce; More Consolidations First?

Dollar bounces slightly in early US trading following unexpectedly strong retail sales data. However, there is no clear follow through buying in the greenback for now. The only exception is USD/JPY which continues to make new 34-year highs. Against others, Dollar might extend its consolidation phase for a while longer, as the impact from rising […]
Aussie Resilient in Face of Dismal Job Data, Bitcoin Prepares to Conclude Consolidation
18/04/2024

Aussie Resilient in Face of Dismal Job Data, Bitcoin Prepares to Conclude Consolidation

The forex markets are rather subdued in today’s Asian session, with major currency pairs and crosses largely trading within yesterday’s ranges. Australian Dollar strengthened slightly, ignoring significantly weaker-than-anticipated job data. Instead, it’s lifted by rebound in Asian stock markets and stabilizing risk sentiment. However, the momentum behind Aussie’s rebound appears weak and limited, suggesting it […]