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Dollar is outperforming across the board as markets enter into US session, which trade war risks continue to dominate market attention. With the July 9 tariff truce deadline fast approaching, The Trump administration shifted to a confrontational stance, offering “take-it-or-leave-it” tariff deals. According to Treasury Secretary Bessent, failure to reach agreements would result in tariffs […]

The post Tariff Pressures Lifts Dollar, RBA Cut and Guidance in Spotlight appeared first on Action Forex.

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Dollar Rallies on Strong US Employment Data
08/12/2023

Dollar Rallies on Strong US Employment Data

Dollar jumps in early US session, buoyed by a robust set of employment data. headline job growth exceeded expectations, narrowly missing 200k mark, while unemployment rate showed a decline. This data suggests a still-tight job market, raising concerns among some market participants that underlying inflation pressures may not be easing as hoped. Notably, strong wage […]
Pound Strengthens on UK Jobs Data, But Eyes Further Economic Releases
13/08/2024

Pound Strengthens on UK Jobs Data, But Eyes Further Economic Releases

Sterling is making notable gains after UK employment data revealed an unexpected drop in the unemployment rate for June. Additionally, July’s figures showed continued growth in payrolled employment and a rebound in wage growth. This robust set of data strengthens the position of the hawks within BoE’s MPC, who incline to maintain a cautious stance […]
08/04/2024

Swiss Franc and Yen Soft on Rising Yields and Metals

Benchmark treasury yields in US and Europe rise notably in a day of relatively slow news flow.  At the same time, Copper is extending recent up trend while Gold edged higher to new record. European stock indexes are seeing appreciable gains, and US futures indicate a positive start. These development keeps Swiss Franc and Yen […]