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Jobs, inflation, and retail data to come from the UK Markets expect 125 basis points of rate cuts Consolidation in GBPUSD ahead of the data We’ll get a lot of economic data from the UK this week which will tell us how the economy ended the year and whether markets are on the right path […]

The post GBP/USD – Consolidation Ahead of Jobs, Inflation and Retail data appeared first on Action Forex.

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USDJPY on the Rise Again

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UK Wage Growth Cools Which Could Enable Earlier BoE Rate Cuts

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22/12/2023

Week Ahead – Markets Wind Down for Holidays, Mind the Liquidity Gap

Quiet week ahead as FX markets enter holiday season Spotlight will fall mostly on some Japanese releases Most importantly, liquidity will be in short supply Yen awaits Bank of Japan signals Another devastating year for the Japanese currency is coming to an end. Despite mounting a comeback in recent months, the yen is still on […]
25/06/2024

Dollar Declines: How Deep Could the Correction Be?

By the end of last week, the American currency traded rather mixed: The USD/JPY currency pair strengthened by more than 200 pips and almost tested the significant resistance level at 160.00. The USD/CAD pair failed to break out of the medium-term flat corridor of 1.3740-1.3620. Sellers of the pound in the GBP/USD pair tried to […]
14/08/2024

More Benign Inflation Suggests BoE’s Close Call to Cut Right

Markets Markets rallied in the wake of yesterday’s benign July producer price inflation (0.1% M/M for headline and 0% for core). Stock markets extended their comeback after last Monday’s melt down with key US gauges adding 1% (Dow) to 2.4% (Nasdaq). US Treasuries rallied as well, with investors piling up on bets that the Fed […]