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Markets were broadly quiet today as holiday conditions dominated trading, with liquidity thinning further after a major technical issue at the Chicago Mercantile Exchange brought several platforms to a halt. The CME said trading had come to a standstill due to a cooling problem at one of its data centers. The outage affected Globex futures […]

The post Quiet Markets, Technical Outage, and a Dollar Still Stuck at Weekly Lows appeared first on Action Forex.

Japan’s data releases were surprisingly strong today, with both industrial output and retail sales showing impressive gains. Combined, they paint a picture of an economy that is slowly regaining momentum on both production and consumption fronts. Yet the Yen remains notably weak, failing to capitalize on the firmer-than-expected numbers. One of the key constraints remains […]

The post Japan Data Beats But Yen Lacks Traction; Dollar Heads for Worst Week Since Mid-Year appeared first on Action Forex.

Trading turned subdued as markets moved into the U.S. session, with activity expected to slow further as Thanksgiving approaches. Liquidity conditions were already thinning in early trade, and the muted tone across majors reflects a market unwilling to take fresh positions before the long weekend. Despite the quieter backdrop, broader directional themes remain unchanged. Dollar […]

The post Dollar Stays Soft Into Thanksgiving Lull appeared first on Action Forex.

New Zealand Dollar’s broad-based rally extended through today’s Asian session as a run of solid domestic data continued to bolster confidence in the country’s recovery. Strong retail sales in Q3 suggested the rebound is already underway, while the surge in business confidence and activity pointed to a more durable upturn. Together, the indicators painted a […]

The post Kiwi, Aussie Power Ahead While Dollar Sinks appeared first on Action Forex.

Sterling advanced broadly today as markets reacted positively to the highly anticipated Autumn Budget. Early jitters surfaced when the OBR mistakenly published its fiscal forecasts ahead of schedule, triggering brief volatility in both the Pound and 10-year gilt yields. But once the dust settled, sentiment stabilized and then improved further as the full details were […]

The post Sterling Rises as UK Autumn Budget Clears Key Stability Test appeared first on Action Forex.

Risk-on sentiment extended through Asian session, from intensifying bets on December Fed rate cut. The shift in sentiment sent US stocks higher overnight, and pushed 10-year yield briefly below 4% handle. Kiwi and Aussie are the biggest beneficiary of this backdrop, with both additionally supported by domestic developments. Kiwi is the standout performer as markets […]

The post Kiwi, Aussie Dominate; Sterling Awaits for High-Stakes Budget appeared first on Action Forex.

Dollar weakened notably against Euro and Yen in early U.S. session, tracking another leg lower in Treasury yields as markets absorbed softer-than-expected September retail sales. While the report was backward-looking, it reinforced the direction of travel for consumption and added incremental weight to the view that demand is steadily cooling. PPI, meanwhile, was nor alarming. […]

The post Dollar Softens Further on Dovish Repricing; Bessent Signals Fed Chair Decision Near appeared first on Action Forex.

Trading in the currency markets remained largely steady in Asian session, with major pairs and crosses stuck in unusually tight ranges. There was little conviction in either direction, and the mild risk-on tone that followed the strong U.S. close failed to generate follow-through in FX. The December Fed cut narrative has effectively been priced in, […]

The post Currencies Stay Calm Despite Risk-On Tone; Focus Turns to Delayed U.S. Data appeared first on Action Forex.

Dollar is trading on the back foot today as markets add to bets on a December Fed rate cut, extending the repricing that began late last week. The shift was triggered by New York Fed President John Williams, who surprised markets last Friday by saying he sees room for a further “near-term adjustment,” reversing the […]

The post Dollar Soft as Fed Doves Lift Cut Odds to 75%; Yen Slumps Again appeared first on Action Forex.

Asian trading has been subdued with Japan on holiday. Yen’s sharp rebound at the end of last week has failed to extend, with the currency losing energy amid a lack of fresh catalysts. The pause reflects an uneasy balance. While some investors expect further corrective strength, broader policy expectations continue to lean against the Yen. […]

The post Yen Falters After Friday Rebound; UK Budget, RBNZ Cut, U.S. Data Catch-Up appeared first on Action Forex.

Global markets closed last week on an uncertain footing. While bears appeared to have an upper hand, the control was never firmly gripped. Conviction was relatively thin as traders were reluctant to commit decisively. The overall impression was of markets still searching for a coherent theme to latch onto. Equities in major centers reflected the […]

The post Fed Messaging Chaos Nudges Dollar Higher, Not Higher Enough appeared first on Action Forex.

New York Fed President John Williams delivered the day’s biggest surprise, signaling that he sees scope for another rate cut in the near term. As head of the New York Fed — a permanent FOMC voter and a traditional bellwether for committee consensus — his comments dramatically shifted the policy conversation. Only yesterday markets were […]

The post Williams Rekindles December Fed Cut Bets, Markets Scramble to Reprice appeared first on Action Forex.

Commodity currencies came back under pressure today as the burst of Nvidia-driven optimism evaporated almost as quickly as it arrived. After a strong start, major U.S. indexes staged a staggering reversal and closed sharply lower — marking the biggest midday turn since April. What triggered the shift remains unclear, but the message from markets was […]

The post Dollar Holds Firm, Risk Appetite Crumbles as Nvidia Euphoria Fades appeared first on Action Forex.

Dollar strength faded mildly after the stronger-than-expected U.S. non-farm payroll report, as traders showed little appetite to extend the post-data rally. The muted reaction reflects a market that had already repriced aggressively after yesterday’s hawkish FOMC minutes, which pushed expectations for a December rate cut sharply lower. In that sense, much of the adjustment had […]

The post Dollar Eases as Markets Shift to Risk-On Despite Strong NFP appeared first on Action Forex.

Investor sentiment turned decisively positive in Asian markets today, even as traders continued dialing back expectations for a December Fed rate cut following the hawkish tone in FOMC minutes released overnight. The shift in rate expectations would normally pressure risk assets, but momentum instead swung in the other direction thanks to a powerful catalyst out […]

The post Risk-On Returns, Fed Cut Bets Fade Further, NFP Looms appeared first on Action Forex.

Yen’s selloff accelerated again today despite repeated warnings from top Japanese officials that they are monitoring FX markets with a “strong sense of urgency.” The latest remarks came after Finance Minister Satsuki Katayama met BoJ Governor Kazuo Ueda and Economic Revitalisation Minister Minoru Kiuchi, where all sides reaffirmed their commitment to the 2013 joint agreement […]

The post Yen Extends Losses as Japan Floats Tweak to 2013 BoJ Framework appeared first on Action Forex.

Risk-off sentiment continues to drive global markets this week, but the traditional safe-haven Yen is gaining little traction from the turbulence. The currency’s inability to capitalize on the broad defensive tone reflects an overriding theme: expectations that the BoJ’s long-awaited rate hike will be pushed back once again. Political pressure from the new government has […]

The post Yen Fails to Rally in Risk-Off Trade as BoJ Hike Slips Further Out appeared first on Action Forex.

Global markets remain under pressure today as risk sentiment deteriorates further across regions. Europe opened firmly lower, tracking the broad declines seen earlier in Asia, while U.S. futures point to another weak session. Today’s tone is one of cautious de-risking, with markets showing little appetite to buy dips ahead of several major event risks. Technology […]

The post Tech Slide Continues, Yen Still Lacks BoJ Signal appeared first on Action Forex.

Swiss Franc and Yen led the forex board in Asian session today, buoyed by a fresh wave of risk aversion. U.S. equities closed notably lower overnight, with pressure concentrated once again in AI-linked megacaps. The weakness spilled quickly into Asia, lifting traditional safe havens and putting renewed strain on high-beta currencies. Nvidia fell around 2% […]

The post Risk-Off Strikes Again, Yen Awaits Signals from Takaichi–Ueda Meeting appeared first on Action Forex.

Sterling is outperforming in otherwise quiet trading, reversing some of the weakness seen late last week. The Pound and UK bonds were pressured after reports that Chancellor Rachel Reeves had opted to drop tax hikes from next week’s Autumn Budget, a shift that raises fresh questions about the UK’s fiscal shortfall. Today’s recovery in Sterling, […]

The post Pound Outperforms as Markets Stabilize After Fiscal Headlines appeared first on Action Forex.