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The Japanese yen has edged lower on Monday. In the European session, USD/JPY is trading at 150.42, up 0.26% on the day. Japan’s GDP revised upwards in Q3 Japan’s economy expanded in the third quarter by 0.3% q/q, according to the final estimate. This edged above the initial estimate and the market estimate of 0.2%. […]

The post Japanese GDP Revised Upwards, US NFPs Jump appeared first on Action Forex.

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13/06/2024

Patience and Caution Paramount for the FOMC

The June Committee forecasts are based on the momentum of Q1 not Q2’s softening. Westpac continues to expect incoming data to justify two cuts in 2024, beginning in September. The FOMC showed considerable caution regarding both inflation and economic momentum at the June meeting, referencing the strength of Q1 2024 rather than the emerging softening […]
12/07/2024

Market Analysis: GBP/USD Eyes 1.3000 While EUR/GBP Struggles

GBP/USD is gaining pace above the 1.2900 resistance. EUR/GBP declined and is now consolidating losses above the 0.8400 region. Important Takeaways for GBP/USD and EUR/GBP Analysis Today The British Pound is attempting a fresh increase above 1.2950. There is a key bullish trend line forming with support near 1.2910 on the hourly chart of GBP/USD […]
25/07/2024

Markets Gradually Moving to a Scenario of Fed Cutting Cumulative 75 bps This Year

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