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While the past week has been a quiet one on the macro data front, central bankers sent some hawkish signals ahead of the January rate decisions. The Fed’s Waller remained confident that sustainable 2% inflation is within ‘striking distance’, but he also underscored that there is no reason to cut rates as quickly as in […]

The post Weekly Focus – Managing Expectations appeared first on Action Forex.

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25/04/2024

JPY Weakness Extends

In focus today In the US, today’s focus will be on Q1 flash GDP data, where consensus expects growth to moderate to 2.4% Q/Q AR (Q4 3.4%). Private consumption has remained on a gradually cooling, yet steady trend, while private manufacturing investments and public state and local investments are still supported by past stimulus measures. […]
23/04/2024

Is Gold Ready for Bearish Correction?

Gold dives towards 2,300 MACD and RSI decline from overbought regions Gold prices have been underperforming in the past two days, breaking back below the 2,320 and the 20-day simple moving average (SMA). Momentum indicators are pointing to a negative bias in the short term with the RSI ticking strongly to the downside. The MACD […]
06/09/2024

ECB Preview – Dialling Back, But Pace Ucertain

On Thursday 12 September, the ECB is widely expected by both analysts and markets to deliver a 25bp rate cut. The moderation in the labour market and economic activity since the June meeting should fuel confidence in the disinflationary process being on track, in particularly given the slowdown in wage growth. We expect Lagarde to […]