Dollar experienced a pronounced dip as yields fell and stocks surged overnight, with the selling pressure continuing into Asian session. This comes even though Chair Jerome Powell left the door open for more tightening, after leaving interest rates unchanged. Contrastingly, market participants appear to be leaning even more towards the idea that Fed may have […]
The post Fed’s Aftermath Sees Stocks Ascend, Dollar and Yields Wane; Eyes on Sterling BoE Looms appeared first on Action Forex.
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Usually, when you see Carnival cruise director Kyndall “Fire” Magyar, she’s in front of passengers, leading them in fun events. For Christmas, however, the Carnival Jubilee “Fun Ship” leader mixed her time between passengers and Read more…
Another quiet holiday week looms for financial markets. Manufacturing PMIs, including the US ISM, are the only highlight. But rising US yields and sliding yen may spark New Year’s fireworks. Manufacturing PMIs in the spotlight Read more…