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    • What is a managed account? Should you use it?

    What is a managed account? Should you use it? There are many ways to invest in the financial markets; one is by using a managed account. Think of it as […]

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    Sterling Gains Slightly as UK Inflation Accelerates; Euro Struggles Despite Wage Surge

    Posted 20 November 2024

    Sterling posted modest gains today after the UK reported stronger-than-expected rebound in headline inflation for October. More importantly, both core CPI and services price growth also increased, indicating that underlying inflation is gaining momentum. This resurgence in inflation diminishes the likelihood of BoE implementing another rate cut in December. Market expectations have adjusted accordingly, with […]

    The post Sterling Gains Slightly as UK Inflation Accelerates; Euro Struggles Despite Wage Surge appeared first on Action Forex.

    Sentiment Stabilization Reverses Yen Gains and Halts Gold’s Rebound

    Posted 20 November 2024

    Yen fell broadly during Asian session today, reversing all of this week’s earlier gains. Market sentiment has calmed somewhat despite the escalation in Russia’s war in Ukraine, as there is no clear intensification toward a nuclear conflict. US Treasury yields have stabilized after yesterday’s decline, and Gold’s rebound has also stalled. Attention now turns to […]

    The post Sentiment Stabilization Reverses Yen Gains and Halts Gold’s Rebound appeared first on Action Forex.

    Yen and Swiss Franc Climb as Ukraine War Intensifies on 1000th Day

    Posted 19 November 2024

    The European session saw a significant shift toward risk aversion as geopolitical tensions escalated on the 1,000th day of Russia’s war in Ukraine. Investors sought refuge in major US and European treasuries, leading to a notable decline in yields. Safe-haven assets such as Gold, Swiss Franc, and Japanese Yen jumped. But the overall market response […]

    The post Yen and Swiss Franc Climb as Ukraine War Intensifies on 1000th Day appeared first on Action Forex.

    Forex Consolidation Continues; Eyes on Canada’s CPI

    Posted 19 November 2024

    The forex markets remain subdued in Asian session, with all major pairs and crosses confined within yesterday’s tight ranges, and many still constrained within last week’s bounds. Among the majors, Australian Dollar is showing slight strength supported by hawkish RBA minutes, followed by Swiss Franc and Canadian Dollar. Meanwhile, Japanese Yen lags as the weakest […]

    The post Forex Consolidation Continues; Eyes on Canada’s CPI appeared first on Action Forex.