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Risk appetite remains solid in Europe, with the FTSE 100 hitting a fresh record high as traders look through escalating US trade actions. US equity futures are holding steady too, and markets are showing little fear that the widening scope of tariffs will derail global growth. The upbeat mood comes despite US President Donald Trump’s […]

The post Mining Rally Lifts FTSE; Markets Shrug Off Expanding US Tariffs appeared first on Action Forex.

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Euro Strong Ahead of PMI Release, Dollar Weak as 10-Yr Yield Broke 4%
15/12/2023

Euro Strong Ahead of PMI Release, Dollar Weak as 10-Yr Yield Broke 4%

Euro is emerging as the strongest currency for the week, bolstered by ECB’s resistance to the expectations of a rate cut. The common currency will now look into today’s Eurozone data. Positive surprises from there could solidify ECB’s stance, and give Euro more fuel to extend recent rise. For now, Japanese Yen followed as the […]
Yen Rebounds as Japan and South Korea Signal Readiness to the Region’s Currency Markets
08/11/2024

Yen Rebounds as Japan and South Korea Signal Readiness to the Region’s Currency Markets

Yen jumps broadly in Asian trading today, boosted by heightened government warnings against the recent selloff on the currency. Japanese Finance Minister Katsunobu Kato issued a strong statement addressing the “one-sided and drastic moves” in Yen, confirming that the government is monitoring the situation with the “utmost sense of urgency.” He emphasized Japan’s commitment to […]
Yen Steady After Brief Ripples from BoJ, Dollar Softens Mildly
23/01/2024

Yen Steady After Brief Ripples from BoJ, Dollar Softens Mildly

Yen weakened momentarily after BoJ left monetary policy unchanged as widely expected, but swiftly regained stability. This quick recovery underscores the market’s assessment that the conditions for a BoJ rate hike in April remain intact. This viewpoint is bolstered by unchanged CPI core-core forecast, which holds steady at 1.9% for the upcoming two fiscal years. […]