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CPI numbers due in the UK, Japan, Canada and New Zealand China to also come into the spotlight as Q1 GDP eyed US retail sales to kickstart the week as earnings season gets underway CPI figures to headline UK data flurry After yet another hot CPI report in the United States, inflation data will remain […]

The post Week Ahead – More Inflation Data on the Way as Rate Cut Bets Thrown into Disarray appeared first on Action Forex.

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The Weekly Bottom Line: One Hundred Days into 2024, Rate Cuts Remain on the Horizon

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14/12/2023

EUR/USD: Stands at the Front Foot Ahead of ECB Policy Decision

The Euro stands at the front foot on Thursday, supported by weaker dollar, which got under increased pressure after the Fed signaled and end of a tightening cycle and rate cuts in 2024. Extended recovery from 1.0723 (correction low) hit two-week high ahead of today’s key event – ECB policy decision. The European Central Bank […]
11/07/2024

Japanese Yen Faces Continued Decline Amid Interest Rate Differentials

The USD/JPY pair has risen to 161.65, with the market cautious ahead of today’s US consumer price index release. Despite this, the yen remains weakened by the significant interest rate differential between the Bank of Japan (BoJ) and the Federal Reserve. Earlier this year, the BoJ abandoned its longstanding negative interest rate policy, adjusting the […]
03/02/2024

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

Summary Hiring once again came out of the gate strong in 2023. Nonfarm payrolls rose by 353K in January, blowing past consensus expectations for a 185K gain. What’s more, revisions point to stronger momentum in hiring through the end of last year; payrolls in the fourth quarter of 2023 are now reported to have grown […]