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Risk sentiment soured as US session commenced after data showed the economy unexpectedly contracted in the first quarter. Although the decline was heavily influenced by a surge in imports, which mechanically subtract from GDP calculations, the result still serves as a stark reminder that economic momentum was already faltering even before the full impact of […]

The post Risk Sentiment Sours on US GDP Contraction, Recession Fears Mount appeared first on Action Forex.

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Dollar’s Weak Streak Continues, Sterling and Antipodean Currencies Shine
25/11/2023

Dollar’s Weak Streak Continues, Sterling and Antipodean Currencies Shine

Dollar ended as the weakest performer last week, with it poor performance aligning with broader rally in both stock and commodity markets, underpinned by growing investor sentiment favoring US economic soft-landing. Furthermore, minutes from FOMC meeting suggested a potential softening of Fed’s hawkish stance. As risk-on sentiment seems poised to continue in the near term, […]
Yen’s Decline Persists Following Japan CPI Release, Dollar Upholds Its Lead
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Yen’s Decline Persists Following Japan CPI Release, Dollar Upholds Its Lead

Yen’ decline resume today after release of Japan’s latest CPI data, which suggests that BoJ is not be under immediate pressure to exit its negative interest rate policy. . Economists have noted a crucial aspect of Japan’s inflation dynamics: while cost-push inflation is clearly easing, the transition to demand-pull inflation remains unconfirmed. The market’s attention […]
Central Bank Signals Ignored; Consolidation Continues in Currency Markets
08/08/2024

Central Bank Signals Ignored; Consolidation Continues in Currency Markets

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