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Most major Asia Pacific equity indices started the week on a weaker note, as investors turned cautious ahead of the expiration of the White House’s 90-day pause on higher global reciprocal tariffs (excluding China), scheduled for Wednesday, 9 July. Asia Pacific equities (except Singapore) weaken as tariff uncertainty looms Japan’s Nikkei 225 slipped 0.6% to […]

The post Tariff Uncertainty Weighs on Asia Equities; Gold, Oil Slip as US Dollar Rebounds appeared first on Action Forex.

Australian and New Zealand Dollars fell sharply to start the week, leading losses alongside Yen. The moves come just ahead of central bank meetings in both countries, with RBA widely expected to cut rates by 25bps to 3.60% and RBNZ likely to hold at 3.25%. But given how well those outcomes are priced in, the […]

The post Trump’s BRICS Threat Rattles Aussie and Kiwi appeared first on Action Forex.

Last week’s market action displayed a familiar theme: investors are choosing to focus on growth — even if it’s fragile — and political clarity, however fleeting. US equities roared to record highs as a wave of macro and policy news washed over Wall Street. Yet the outlook is far from simple. The 90-day tariff truce […]

The post Wall Street Surges, Trump Tariff Blitz Looms, Dollar Struggles appeared first on Action Forex.

Dollar’s rebound on upbeat US jobs and services data proved short-lived, as the greenback faded again in early Friday trading. The greenback failed to hold gains amid a broader risk-on tone with both S&P 500 and NASDAQ closed at fresh record highs. Strong employment data gave policymakers room to wait, especially as they assess the […]

The post Dollar Bounce Short-Lived as Eyes Turn to Trump’s Trade Salvo appeared first on Action Forex.

Dollar rebounded in early US session following the better-than-expected June non-farm payrolls report, further reversing much of the week’s earlier weakness. While not a blowout, the report showed a labor market that remains fundamentally resilient, and significantly reduces pressure on the Fed to pull the trigger at the July meeting. Fed Chair Jerome Powell and […]

The post Dollar Rebounds as Solid NFP Eases Urgency for Fed Action appeared first on Action Forex.

Dollar is pausing its recent slide as markets brace for today’s Non-Farm Payrolls report, but its recovery remains shallow. Barring its gains against the troubled British Pound, the greenback remains broadly weaker against major currencies for the week. Traders are increasingly wary of a downside surprise in the jobs report, which could revive speculation that […]

The post Dollar Selloff Stalls Before NFP Test: Calm Before the Shock? appeared first on Action Forex.

Sterling came under heavy pressure today, tumbling sharply alongside a selloff in UK government bonds. The 10-year gilt yield surged above 4.65%, up 20 basis points from levels seen just two days ago. The moves came after Prime Minister Keir Starmer’s government backtracked on key parts of its welfare bill to avoid a major Labour […]

The post Sterling Plunges as Gilt Yields Surge Amid UK Political Turmoil appeared first on Action Forex.

The calm in today’s Asian forex session belies a volatile backdrop forming beneath the surface. Dollar remains pinned near at bottom of the performance board this week, despite a shallow bounce. Investors are keeping their powder dry ahead of several key catalysts: Thursday’s non-farm payrolls report, the looming July 9 tariff truce deadline, and a […]

The post Dollar Under Pressure as Political, Policy, and Euro Strength Risks Converge appeared first on Action Forex.

Dollar’s slide deepened today as markets leaned harder into expectations of multiple Fed rate cuts in 2025. The move comes even before this week’s key economic data—ISM manufacturing, ISM services, and non-farm payrolls—hits the wires. The greenback’s decline is broad-based, with risk currencies like the New Zealand Dollar and safe havens such as Yen and […]

The post Dollar Extends Decline as Markets Starting to Embrace Three Fed Cuts in 2025 appeared first on Action Forex.

Dollar’s selloff extended overnight, breaking to fresh lows against Euro and Swiss Franc, as markets grow increasingly uneasy about U.S. trade policy ahead of the July 9 deadline. While US equities remain resilient, with the S&P 500 and NASDAQ surging to record highs, FX markets are telling a different story, with safe haven flows driving […]

The post Dollar Drops on Renewed Tariff Risks as Trump Targets Japan, Swiss Franc Shines appeared first on Action Forex.

Forex trading remains subdued and directionless, with most major pairs and crosses holding within Friday’s ranges. Traders appear to be in wait-and-see mode ahead of a packed US data schedule. The spotlight turns first to Tuesday’s ISM Manufacturing report, then to Thursday’s ISM Services and the highly anticipated non-farm payrolls. Until then, price action might […]

The post Quiet Market With Trade Tensions Simmering, Japan’s Tankan in Focus appeared first on Action Forex.

The forex market opened the week with low volatility and mixed Asian equities, but politically driven developments are keeping some G10 currencies in motion. Dollar is the weakest performer so far, with the Canadian Dollar also under pressure despite rebounding from weekend lows. Yen leads amid safe-haven inflows, while Kiwi and Aussie post modest gains. […]

The post Canada Reverses Digital Tax to Save U.S. Trade Talks; Loonie Recovers Modestly appeared first on Action Forex.

Dollar ended last week as the weakest major currency, with Dollar Index breaking to a fresh three-year low. Risk-on sentiment was a key driver: US equities surged following the Israel-Iran ceasefire, and S&P 500 and NASDAQ both posted record closes on Friday. Rising expectations of rate cuts from Fed later this year also contributed to […]

The post Dollar Index Hits Multi-Year Low and Broke Long Term Fibonacci Level appeared first on Action Forex.

Dollar enters the US session mixed, as markets digest a batch of data offering signals to both sides of the policy debate. The greenback is seeing additional selling against Euro and Swiss Franc, but recovering modestly against commodity-linked currencies. Core PCE inflation rose faster than expected in May, providing Fed hawks with further justification for […]

The post Dollar Stays Weak as Traders Weigh Hawkish PCE and Dovish Spending Signals appeared first on Action Forex.

Global risk sentiment remains firm heading into the weekend, with both S&P 500 and NASDAQ pushing near record highs overnight. Asian markets followed suit, with Japan’s Nikkei breaking above the symbolic 40k mark, extending its robust rally driven by AI optimism and strong corporate earnings. The bullish tone persists despite persistent warnings from Fed officials […]

The post Risk Appetite Holds, Dollar Extends Losses Markets Eye PCE into Friday’s Finish appeared first on Action Forex.

Dollar weakness continues to dominate FX markets, with the greenback staying under pressure across the board. he spotlight is on which currencies are capitalizing the most. Yen is stealing the show, along with sharp rally in the Nikkei as AI-fueled optimism sends semiconductor shares surging. Swiss Franc and Aussie are also firming, while the Kiwi […]

The post Dollar Struggles After Mixed Data; Yen Rallies With Nikkei Surge appeared first on Action Forex.

Dollar weakness deepened in Asian session, with the greenback falling to multi-year lows against both Euro and Sterling. For now, downside pressure remains concentrated against European majors. The latest catalyst is a show of fiscal resolve from NATO allies, who agreed to more than double their defense spending target to 5% of GDP by 2035, […]

The post Dollar Slides to Multi-Year Lows Against Euro, Pound on NATO Spending Boost appeared first on Action Forex.

Wednesday brought a lull in FX volatility as Dollar’s selloff eased, though it remained broadly under pressure for the week. The geopolitical backdrop is calmer, with the Israel-Iran ceasefire appearing stable for now. Trade talks seemed to be on hold, and with no major data releases on deck, markets are drifting into the second half […]

The post Dollar Stabilizes After Slide as Calm Returns to Markets appeared first on Action Forex.

Dollar remains under broad pressure midweek and is currently the weakest performer among major currencies. While dovish signals from Fed Vice Chair Michelle Bowman and Governor Christopher Waller cracked open the door for a July rate cut, that narrative has cooled. Several other Fed officials have voiced caution, pushing back on the idea of imminent […]

The post Fed Officials Push Back on July Cut, But Dollar Remains Under Pressure appeared first on Action Forex.

Global markets continue to trade with cautious optimism, despite signs of strain in the fragile Israel-Iran ceasefire. Reports out of Tehran on renewed Israeli airstrikes—despite US President Donald Trump declaring a ceasefire hours earlier—have added tension. Israeli army radio said the strikes targeted an Iranian radar site near Tehran, while explosions were confirmed by Iranian […]

The post Ceasefire Frays but Markets Stay Steady; Fed’s Powell Keeps Inflation Guard appeared first on Action Forex.