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Dollar Gains Following Durable Goods Data, Canadian Drops on Retail Sales Miss
Posted 24 April 2024
Dollar is making a modest recovery in early US session, supported by slightly better-than-expected durable goods orders and recovery in benchmark Treasury yields. However, the overarching direction of the greenback for the near term remains uncertain, largely dependent on shifting risk sentiments. Current stock futures are showing mixed opening, leaving investors watching closely to see […]
The post Dollar Gains Following Durable Goods Data, Canadian Drops on Retail Sales Miss appeared first on Action Forex.
Aussie Propelled by CPI, Has Stock Market Correction Ended?
Posted 24 April 2024
Australian Dollar is having a robust, broad-based rally today, boosted by unexpectedly strong CPI data. This inflation report is particularly notable given the unexpected reacceleration in monthly CPI in March, which contributed to the quarterly figure not slowing as much as anticipated. Meanwhile, both services and domestic inflation remain elevated. The set of data is […]
The post Aussie Propelled by CPI, Has Stock Market Correction Ended? appeared first on Action Forex.
Euro Outlook – EUR/USD and EUR/GBP Technical Analysis and Sentiment Latest
Posted 24 April 2024The Euro has been buffeted over the last few sessions against the US dollar, while EUR/GBP has jumped on recent Sterling weakness.
AUD Rises as Aussie Inflation Exceeds Expectations, Erasing Rate Cut Hopes
Posted 24 April 2024Australian inflation dropped at a slower pace than anticipated, wiping out any lingering indication of rate cuts this year. Improved risk sentiment supports AUD
Japanese Yen Lower Again, USDJPY Market Weighs Intervention Chances
Posted 24 April 2024With the Yen at multi-decade lows, and commentary out of Tokyo suggesting enough is nearly enough, this is not a market to look away from now.
Risk Sentiment Remains Positive: Gold, VIX, Tesla Latest Outlooks
Posted 24 April 2024Financial markets remain risk-on as positive sentiment continues to push prices higher.