Safe haven currencies are dominating the market as the steep selloff in the US extended into Asian trading, with Nikkei down more than -5%. Poor US manufacturing data released overnight has intensified investor concerns about an impending recession, overshadowing the benefits of monetary policy easing from Fed. The market’s attention is now firmly on today’s […]
The post Market Turmoil Boosts Safe Haven Currencies ahead of NFP, GBP/CHF Under Pressure appeared first on Action Forex.
US Dollar Index rally continues and the impact of a strong US dollar on global markets. Examining upcoming PMI data from the Euro Area and UK CPI figures, and their potential market implications. Assessing the likelihood Read more…
Canadian Highlights Canada continues to digest the implications of last week’s U.S. election result, as interest and exchange rates adjust to expectations for policy changes south of the border. Existing home sales came in strong Read more…
Summary United States: Inflation Redux The descent in inflation remains slow-going. Stubborn services prices lifted the Consumer Price Index 2.6% annually in October, the first acceleration in this measure since Q1. Sticky inflation does not Read more…