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Recent rapid gains seen in the Nikkei 225 are likely to be attributed to the highly anticipated positive outcome of Japan’s annual wage negotiations results. The expected increase in wage growth for FY 2024/2025 may have already been fully priced in by the Japanese stock market. Recent bearish elements sighted in the US S&P 500 […]

The post Nikkei 225 Technical: At Risk of Shaping a Multi-Week Corrective Decline appeared first on Action Forex.

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09/05/2024

April CPI Preview: The Clock Is Ticking for a September Cut

Summary A string of uncomfortably-hot inflation readings in the first quarter leaves a narrow window for inflation to downshift before a late summer rate cut by the Federal Open Market Committee (FOMC) is no longer on the table. We expect the April CPI report to demonstrate that while inflation is not as sticky as the […]
19/02/2024

Week Ahead North America – FOMC Minutes Key, Canadian Inflation in Focus

Is March a live meeting for the Fed? Inflation data in focus as markets eye July BoC rate cut FOMC minutes could tell us how close they are to rate cuts It’s been a turbulent start to the year, one in which we’ve seen significant shifts in expectations for the economy, interest rates, and the […]
06/05/2024

Markets Weigh Dovish NFP Report

In focus today Today, Swedish Service PMIs for April are released at 8:30 CET. All its subindices were above the 50 marks in March. Although price index for raw materials and intermediate goods is lower compared to a year ago, it was still significantly higher compared to the manufacturing side. Composite PMI has been in […]