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Markets Monday’s uptick in yields already got wiped out yesterday. Culprit this time: US JOLTS. October job openings fell from a downwardly revised 9350k to 8733k vs the 9300k expected. It’s still a historically high number but it suggests the labour market is further normalizing. In current circumstances this is all the evidence (for a […]

The post DXY Escaped Downward November Trend Channel appeared first on Action Forex.

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USD/JPY: Bearish Momentum Remains Intact Despite Softer Tokyo CPI

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10/05/2024

U.S. Inflation in April to Look Softer After Upside Surprises

All eyes will be on U.S. April inflation numbers on Wednesday after a string of upside surprises made earlier expectations for interest rate cuts from the Federal Reserve in the near term unlikely. We expect to see some softening in price growth in April. Headline consumer price index growth is expected to be up 3.5% […]
05/01/2024

USD/JPY: The Price Reaches Resistance at 145 Yen per US Dollar

As of Friday morning, the situation on the USD/JPY market deserves attention: → the US dollar is on course to demonstrate its strongest week since July 2023. The media writes that markets are adjusting expectations regarding the easing of monetary policy by the Fed. → The yen fell about 3% against the US dollar in […]
08/03/2024

Canada’s Labour Market Adds Jobs in February, Weak Underlying Details

The Canadian labour market added 40.7k positions in February, with full-time employment up 70.6k and part-time employment down 29.9k. The unemployment rate increased 0.1 percentage point to 5.8% and the participation rate was flat at 65.3%. Employment by industry showed gains in the service sector, with accommodation and food services (+26k) and professional, scientific, and […]