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Markets Quite a long series of US data (including consumer confidence, house price data, durable goods orders and regional business sentiment) yesterday failed to provide any clear directional guidance for US and broader markets trading. US and German yields lost 1-2 bps across the curve. This low volatility environment initially supported a further upward drift […]

The post Further Yen Losses Avoided as Fin Min Suzuki Warned appeared first on Action Forex.

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24/08/2024

Week Ahead – PCE Inflation Eyed as Fed Lays Groundwork for September Cut

Focus to stay on the Fed as PCE inflation to be week’s main highlight Eurozone inflation data to be crucial for ECB rate cut hopes Australian and Tokyo CPI, plus Canadian GDP also on the agenda Will PCE inflation disappoint dovish expectations? The Fed’s long-anticipated dovish pivot is upon us and markets are bracing for […]
30/05/2024

AUD/USD Signals Fresh Decline, Are Bears Back?

Key Highlights AUD/USD started a fresh decline from the 0.6680 resistance. It traded below a key contracting triangle with support at 0.6660 on the 4-hour chart. NZD/USD started a downside correction after a strong increase to 0.6160. The US GDP could grow 1.3% in Q1 2024 (Preliminary), down from 1.6%. AUD/USD Technical Analysis The Aussie […]
17/12/2023

2024 International Economic Outlook: Weathering the Storm

Summary Key Themes As we head into 2024, we are downbeat on the prospects for global GDP growth. In our view, the global economy is likely to experience a period of below-trend growth in 2024, with the global economy expanding just 2.4%. Growth prospects are to be restrained by a U.S. economy likely to experience […]