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In focus today In the US, we will get the US January job report. We expect the employment growth to have slowed down to 180k from 216k in December, which is a robust pace in historical terms. We expect average hourly earnings growth to have slowed to 0.3% m/m SA from 0.4% in December. In […]

The post US Jobs Report Will Set the Tone for Markets appeared first on Action Forex.

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USD/JPY Forms Another Bullish Pattern, US NFP Report Next

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Groundhog Day: Hiring Once Again Starts the Year at Blistering Pace

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16/12/2023

Weekly Economic & Financial Commentary: A Win for the Doves

Summary United States: Consumers Maintain Spending Power Amid Slowing Price Growth Data released this week revealed that gradually easing price pressures are promoting consumer resilience, while high financing costs continue to bite producers. Although core CPI remained elevated in November at a 4.0% annual rate, a string of slower monthly prints suggests that disinflation has […]
27/05/2024

Japanese Yen Slightly Rises Against USD

The Japanese yen slightly increased against the US dollar on Monday, with the USD/JPY pair holding near 156.73. Investors have already priced in previous remarks from Bank of Japan (BoJ) officials. BoJ Governor Kazuo Ueda emphasized the need to anchor inflation expectations before revisiting interest rate decisions, highlighting the challenge of accurately determining the necessary […]
13/09/2024

Week Ahead – Fed to Cut Interest Rates, BoE and BoJ to Remain on Hold

Investors are split between a 25 and 50bps Fed rate cut BoE expected to stand pat, but resume cuts in November BoJ to also stay on hold, focus to fall on future hike signals Let the Fed cuts begin Since the July US employment report, which sparked fears of recession, investors have been trying to […]