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Market sentiment today is largely influenced by a mix of global PMI releases and ongoing uncertainty around US tariff policy. There are reports suggesting the Trump administration may exclude a set of sector-specific tariffs from the sweeping reciprocal levies set to begin on April 2. US futures are pointing to a solid open, suggesting investors […]

The post Markets Driven by PMI Data and Tariff Speculations, Silver at Risk of Reversal appeared first on Action Forex.

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Yen Softens on Weak Japan PMIs Disappoints, Markets Tread Water Elsewhere

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Yen Recovers as BoJ Holds Rates; Euro Strengthens Ahead of Inflation Data
31/10/2024

Yen Recovers as BoJ Holds Rates; Euro Strengthens Ahead of Inflation Data

Yen recovers broadly today after BoJ left interest rates unchanged, and largely maintained the economic projections unchanged too. The direction of monetary policy remains clear as the next move is a hike if the outlook is realized. Yet, BoJ dropped no clue on the timing. Data from Japan were mixed, with stronger industrial production and […]
Forex Steadies Despite Fresh Tariff Escalations, Euro Starting to Retreat
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Forex Steadies Despite Fresh Tariff Escalations, Euro Starting to Retreat

Forex markets are holding steady in Asian session today, with major currency pairs and crosses all confined within yesterday’s ranges. This lack of movement comes despite a significant escalation in the US-led trade war, as newly effective 25% tariffs on all imported steel and aluminum products have prompted swift retaliation from key trading partners. In […]
Dollar Wanes as Fed Sticks to Three Cuts Projection; Aussie Jumps; BoE and SNB Next
21/03/2024

Dollar Wanes as Fed Sticks to Three Cuts Projection; Aussie Jumps; BoE and SNB Next

Dollar took a nosedive overnight as investors were apparently relieved that Fed is still on track to cut interest rates three times this year. The odds for a June cut as indicated by fed fund futures also jumped back to above 70%. The positive sentiment shoot major US stocks indexes to new record highs. The […]