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Summary United States: Move On Up The housing sector was in focus this week. During September, existing homes sales remained in a slump and declined to a fresh cycle low, while new home sales bucked the trend and rose solidly. Although the move up in mortgage rates will pose some near-term challenges for housing, growth […]

The post Weekly Economic & Financial Commentary: Beige Flags in the Beige Book appeared first on Action Forex.

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29/03/2024

Japanese Yen Steady as Tokyo Core CPI Ticks Lower

The Japanese yen continues to have a quiet week and is unchanged in the European session at 151.17. Tokyo Core CPI inches lower to 2.4% Tokyo Core CPI, which excludes fresh food, eased to 2.4% y/y in March, a drop lower than the 2.5% gain in February and matching expectations. This inflation indicator is closely […]
10/04/2024

Crypto Market Looking for Triggers

Market picture The cryptocurrency market did not find the strength to accelerate and rolled back almost 2.3% on the day to $2.6 trillion, but that is still a gain of 3.5% in seven days. In other words, the market is holding on to its uptrend but needs drivers for further movement. The US CPI report, […]
22/01/2024

January Flashlight for the FOMC Blackout Period

Summary We share the near-universally held view that the FOMC will leave the fed funds rate and pace of quantitative tightening (QT) unchanged at the conclusion of its upcoming meeting on January 31. The FOMC’s decision last month to leave the fed funds rate unchanged for a third consecutive meeting made it increasingly clear that […]