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Positive news for the Pound, beyond the fact that England will play in the Euro-24 final. The monthly estimate showed that the economy grew by 0.4% in May (twice as much as expected) and that growth in the last three months accelerated to 1% year-on-year. That’s the fastest pace since early 2023, although it’s about […]

The post Pound on the Offensive appeared first on Action Forex.

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US: Inflationary Pressures Cool Faster than Expected in June, Bolstering Case for September Rate Cut

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17/08/2024

Weekly Economic & Financial Commentary: Fishing in Jackson Hole for Clues About the Fed Rate Path

Summary United States: Solid Activity Raises Questions About the Degree of Policy Easing Financial markets were volatile last week as they digested a troubling rise in the unemployment rate in July. The economic calendar this week was packed with solid data that helped quell recession jitters. Inflation continues its gradual descent, and small business optimism […]
07/03/2024

USD/JPY Outlook: Japanese Yen Accelerates Dains vs Dollar on Growing Signals of BoJ Policy Shift

Bears accelerate on Thursday (USDJPY was down 1% in Asian / European session) extending steep fall into third straight day. Fresh weakness broke below initial Fibo support at 148.37 (23.6% of 140.25/150.88 rally, reinforced by daily Kijun-sen) generating initial reversal signal and warning of deeper drop. Bears cracked 100DMA (147.81) which produced some headwinds, with […]
15/07/2024

Bitcoin Has Surfaced Following a Dive

Market picture On Sunday, the cryptocurrency market moved to a rapid rise, completing a consolidation after a correction. Cryptocurrencies positively played off the strengthening chances of Trump’s victory after the assassination attempt. In addition, buyers were clearly encouraged by how the market stood up to the roughly $2.9bn sell-off in bitcoin by German authorities. The […]