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The ECB is expected to deliver its first back-to-back rate cut on Thursday CPI data incoming in Canada, China, Japan, New Zealand and UK China GDP and US retail sales also high on investors’ radar Is an ECB rate cut a done deal? Following the RBNZ, which cut interest rates by 50 basis points this […]

The post Week Ahead – ECB Headed Towards Another Cut, CPI on the Agenda Elsewhere appeared first on Action Forex.

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Markets Weekly Outlook – ECB to Deliver 25 bps Rate Cut? Bank Earnings in Focus

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02/07/2024

USD/JPY Outlook: Hits New Multi-Decade High Despite Persisting Intervention Threats

USDJPY rose further on Monday, signaling continuation after bulls paused for consolidation on Thu/Fri. Although traders remain cautious over looming intervention, after Japanese authorities reiterated their stance of intervening again to support weakening yen, bulls hold grip for now. Fresh strength hit new highest level since Oct 1986 and on track for daily close above […]
20/04/2024

The Weekly Bottom Line: Dialing Back Expectations

U.S. Highlights U.S. headline retail sales beat expectations in March, advancing for a second consecutive month. The strong showing bolstered the case for a delayed start to the Fed’s interest rate cutting cycle. Comments from senior Federal Reserve officials has the timing of possible interest rate cuts in question amid signs of persistent strength in […]
30/08/2024

U.S. Consumers Start Q3 on an Upbeat Note; Income and Spending Rise, Inflation Stable

Personal income grew 0.3% month-on-month (m/m) in July, up from June’s 0.2% gain and above market expectations (0.2%). Accounting for inflation and taxes, real personal disposable income grew 0.1% for a second consecutive month. Personal consumption expenditures growth accelerated in July, up 0.5% m/m. This was higher than the 0.3% recorded in June, but in […]