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Markets Broader markets recovered from the big post-CPI swings yesterday in absence of new drivers. US Treasuries rebounded, but technical breaks through resistance levels (in yield terms) weren’t undone. US yields eventually returned 8.5 bps (3-yr) to 2.8 bps (30-yr). Dovish Chicago Fed governor Goolsbee downplayed the upshot in monthly inflation dynamics, saying that inflation […]

The post Japanese GDP Unexpectedly Contracted in Q4 appeared first on Action Forex.

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EURGBP Reaches Lower Limit of Range

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U.S. Retail Sales Opens 2024 on a Subdue Note

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27/01/2024

The Weekly Bottom Line: Feds, BoC Steal This Show This Week

U.S. Highlights The U.S. economy ended 2023 on a solid note, with GDP rising 3.3% quarter-over-quarter (annualized) – smashing expectations for a more moderate gain of 2%. The consumer remained a key factor underpinning last quarter’s strength, with spending accelerating sharply through the holiday shopping season. Inflation continued to drift lower in December, with the […]
06/03/2024

NZD/JPY Technical: Failure Bullish Breakout Indicates Potential Softness (JPY Strength) Ahead

3 key risk events that may significantly influence the movement of NZD/JPY; Japan’s FY 2024/2025 annual wage negotiations preliminary results (15 March), BoJ’s monetary policy outcome (19 March) & Fed FOMC and release of its latest dot plot (20 March). Technical analysis has indicated a potential medium-term bearish momentum on sight for NZD/JPY. Watch the […]
20/04/2024

The Weekly Bottom Line: Dialing Back Expectations

U.S. Highlights U.S. headline retail sales beat expectations in March, advancing for a second consecutive month. The strong showing bolstered the case for a delayed start to the Fed’s interest rate cutting cycle. Comments from senior Federal Reserve officials has the timing of possible interest rate cuts in question amid signs of persistent strength in […]