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China reports Q4 GDP data on Wednesday; is a rebound in store? CPI numbers due in UK, Japan and Canada Retail sales to be the main focus in the US Is China’s recovery getting back on track? The Chinese economy suffered several wobbles in 2023, as the property crisis went from bad to worse. Markets […]

The post Week Ahead – China GDP and UK December CPI Reports Eyed Amid Rate Cut Frenzy appeared first on Action Forex.

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Will the UK Inflation Data Pour Cold Water on BoE Rate Cut Bets?

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10/09/2024

GBP/USD Rises on Robust Labor Data – Challenges Ahead for the BoE

UK labor data beats expectations, with regular pay rising by 5.1% and employment increasing by 265k. BoE faces challenges in balancing strong employment figures with moderating wage growth and rate cut hopes. US CPI and PPI, and BoE Deputy Governor Sarah Breeden’s comments, could impact GBP/USD’s trajectory. The GBP benefitted following a positive UK labor […]
19/03/2024

BOJ Policy Rate – USDJPY Technical Analysis

BOJ Policy Rate The Bank of Japan is scheduled to announce its Policy Rate, Monetary Policy Statement, and BOJ Press Conference. Japan has held its interest rates at record-low levels for almost 17 years. The current interest rate is—0.10%, and according to Bloomberg analysts’ surveys, the BOJ is expected to maintain this level for the […]
19/12/2023

EURJPY Retraces Higher as 200-day Holds Ground

EURJPY falls sharply but the 200-day SMA acts as a strong floor Repeated failure to violate the latter triggers an upward spike Momentum indicators improve, but remain in negative zones EURJPY had been experiencing a steep pullback from its recent 15-year peak of 164.28, which ceased at the crucial 200-day simple moving average (SMA). In today’s session, […]