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Dollar remains under pressure as markets await FOMC rate decision and, more crucially, the updated economic projections. While the central bank is widely expected to hold rates steady at 4.25-4.50%, traders are looking for any signs that Fed officials are adjusting their outlook in response to mounting trade tensions. Meanwhile, US stocks saw another selloff […]

The post Dollar Stays Weak as Markets Await Fed Guidance, Yen Softens After BoJ Hold appeared first on Action Forex.

Canadian Dollar edged higher in early US session after much stronger-than-expected inflation data. However, Loonie quickly lost momentum, as investors remained cautious about Canada’s broader economic outlook, particularly in the face of rising trade tensions with the US. While higher-than-expected inflation reduces the likelihood of another immediate rate cut, Canada’s economy is under serious pressure […]

The post Canadian Dollar Gains on Inflation Surprise, But Growth Risks Keep Traders Cautious appeared first on Action Forex.

Risk appetite in Asian markets has been solid this week, support by optimism surrounding China’s latest measures to boost domestic consumption. Hong Kong stocks continue to lead gains in the region. Meanwhile, in the forex markets, both New Zealand and Australian Dollars are holding firm, though the Aussie is slightly lagging due to rising trade […]

The post Asian Markets Stay Firm, German Vote and Canadian Inflation in Focus appeared first on Action Forex.

Dollar edged lower in early U.S. trading following weaker-than-expected retail sales data. However, the downside pressure remained limited, as investors took comfort in the fact that February’s sales growth marked a return to expansion after contraction in January. The data helped ease fears of an extended downturn in consumer spending, with markets breathing a sigh […]

The post Dollar Edges Lower Post-Retail Sales, But Cautious Traders Keep Selling Momentum Limited appeared first on Action Forex.

Asian markets opened the week on a positive note, buoyed by stronger-than-expected economic data from China and optimism surrounding Beijing’s latest efforts to boost domestic consumption. Investors welcomed China’s “special action plan” aimed at stimulating household spending, which aligns with Premier Li Qiang’s government report last week that named consumption growth as a top priority. […]

The post China Stimulus Fuels Asian Rally, But Market Caution Persists on US Outlook appeared first on Action Forex.

The past week in the currency markets was marked more by consolidation than decisive moves, even as risk aversion deepened in US stock markets. Dollar’s selloff slowed and turned into a modest recovery, but there was no clear momentum for bullish trend reversal. Sentiment remained fragile, weighed down by constantly escalating trade tensions and the […]

The post Currency Markets Consolidate as Trader Start Repositioning for Tariff Battles in April appeared first on Action Forex.

Euro jumped notably higher following reports that Germany’s political leaders have reached a crucial agreement on the historic debt deal. According to sources close to the negotiations, Chancellor-in-waiting Friedrich Merz and the Greens have agreed on a massive increase in state borrowing, just days before a decisive parliamentary vote next week. While some details are […]

The post Euro Rallies as Germany Said to Reach Landmark Debt Deal to Boost Growth appeared first on Action Forex.

US stock markets suffered another brutal session overnight, with NASDAQ leading the decline, shedding nearly -2%. All three major indexes closed below their respective 55 W EMAs, reinforcing the bearish case that the markets are now in a medium-term correction phase. This technical breakdown suggests that downside momentum is gaining traction, with investors recalibrating their […]

The post Equities Extend Losses on Tariff Fears, But Forex Markets Hold Steady in Consolidation appeared first on Action Forex.

Dollar is staging a notable rebound as markets transition into US session, though the exact catalyst behind the move is unclear. Part of Dollar’s strength could be attributed to a broad pullback in Euro, as traders begin to take profits after this month’s strong gain. Euro’s retreat is providing the greenback with some temporary relief. […]

The post Greenback Strengthens as Euro Pulls Back and US-EU Trade Tensions Escalate appeared first on Action Forex.

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 […]

The post Forex Steadies Despite Fresh Tariff Escalations, Euro Starting to Retreat appeared first on Action Forex.

Dollar is struggling to find a definitive direction in early US session, even after the softer-than-expected Consumer Price Index report offered fresh evidence of easing inflation pressures. Annual core CPI now sits at its lowest level since 2021, a development that should bring some relief to both the Fed and markets. However, the data release […]

The post Dollar Struggles for Direction as Softer CPI Fails to Trigger Major Moves appeared first on Action Forex.

Canadian Dollar endured a roller-coaster session overnight, initially hitting turbulence after US President Donald Trump threatened to double tariffs on Canadian steel and aluminum imports to 50%. Markets were rattled by the surprise escalation, which was set to take effect within hours. However, the situation shifted after Ontario Premier Doug Ford agreed to suspend a […]

The post Canadian Dollar Volatile on Trade Chaos, Focus Shifts to BoC Cut and US CPI appeared first on Action Forex.

Euro’s rally continues after a brief pause, boosted by signs of political breakthrough in Germany over major defense and infrastructure spending. Consensus appears to be emerging around the large-scale funding deal, a game-changer toward bolstering Europe’s economic and defense resilience, especially amid ongoing geopolitical conflicts in Ukraine. Germany’s Green party is reportedly prepared to reach […]

The post Euro Rally Extends as German Greens Eye Defense Spending Deal This Week appeared first on Action Forex.

The risk-off sentiment that triggered the biggest US stock market selloff in months has spilled over into Asian markets, leading to broad declines across the region. The currency markets reflect this shift too, with traditional safe havens such as Japanese Yen and Swiss franc leading gains in Asia, while risk-sensitive currencies like the Australian and […]

The post Recession Fears Weigh on Markets as Risk-Off Trade Intensifies appeared first on Action Forex.

Risk sentiment took a mild turn to the downside in European markets today, with DAX pulling back from last week’s solid gains. Investors are watching developments in Germany’s political arena, where Greens have voiced opposition to proposals by CDU’s Friedrich Merz for a sweeping overhaul of debt rules, including a massive increase in state borrowing […]

The post Risk Sentiment Dips in Europe But Euro Holds Steady appeared first on Action Forex.

Forex markets are trading quietly in the Asian session, remaining within Friday’s range and showing little impetus to move decisively in either direction. Dollar is staying on the back foot, with a lack of substantial buying interest to sustain a meaningful rebound. While last week’s non-farm payroll data helped calm fears of a rapid labor […]

The post Dollar Stays Soft as Forex Markets Quiet, US CPI Highlights the Week appeared first on Action Forex.

The sharp contrast between Europe’s newfound unity and the ongoing tariff chaos in the US has been a defining theme in the financial markets. Euro’s extraordinary strength last week reflected growing investor confidence in the region’s strategic shift toward fiscal expansion and defense spending. From the formation of the “Coalition of the Willing” to the […]

The post A Multi-Decade Trend Reversal Underway in EUR/USD? appeared first on Action Forex.

The much-anticipated U.S. non-farm payrolls report came and went without much impact to the markets. With job growth largely in line with forecasts, the data signaled a stable labor market and the balanced outcome offers little guidance to Fed policymakers, who will continue weighing inflation trends, fiscal uncertainties, and global trade risks before committing to […]

The post Muted Market Response to NFP, Euro Holds Strong While Loonie Struggles appeared first on Action Forex.

Risk sentiment in the forex markets appears to be tilting towards risk aversion in Asian trading, marking a shift from the broad Dollar selloff earlier in the week. Overnight, US President Donald Trump granted temporary tariff exemptions for Canadian and Mexican goods under the USMCA, delaying a full-scale implementation until April 2. While this provided […]

The post Risk Aversion Creeps Back as Markets Unconvinced by Trump’s Temporary Tariff Exemptions appeared first on Action Forex.

Euro remained firm following ECB’s decision to cut interest rates, a widely anticipated move. During the subsequent press conference, President Christine Lagarde emphasized a shift to “more evolutionary approach” to policy, now that monetary conditions have become “meaningfully less restrictive.” She also acknowledged the high levels of uncertainty, noting that “risks are all over.” Lagarde […]

The post Euro Holds Gains After ECB Cut, Yen Rallies on Higher JGB Yields appeared first on Action Forex.