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Investors see decent chance for BoJ hike in July But struggling economy complicates the policy outlook Report on bond buying sets the hawkish bar even higher The Bank decides on Friday at 03:00 GMT Obstacles in the road for the next BoJ hike At its latest gathering on April 26, the Bank of Japan (BoJ) […]

The post Will Bank of Japan Hint at a July Hike? appeared first on Action Forex.

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11/09/2024

Gold Technical: Poised for a Potential Bullish Breakout as US CPI Looms

In the past four weeks, Gold (XAU/USD) has traded in a tight range environment below US$2,532 key intermediate range resistance. Positive momentum reading and a major bearish breakdown seen in the 10-year US Treasury real yield may trigger a bullish breakout in Gold (XAU/USD). Watch the key medium-term support at US$2,435 for Gold (XAU/USD). Since […]
03/01/2024

US Data in Focus

In focus today Today’s centre of attention will be the US. At 16:00 CET, ISM manufacturing and JOLTs are released. Consensus points to a modest uptick in ISM, though some early indicators suggest a print below 50 and thus still contracting. In respect of the jobs report on Friday, JOLTs will be key to follow. […]
31/08/2024

Markets Weekly Outlook – NFP Jobs Data to Rule Out 50 bps Fed Rate Cut?

US PCE data keeps Fed rate cut hopes alive as inflation moves towards 2% target. Commodity prices fluctuate on geopolitical fears and OPEC+ production plans. US jobs data release is key market-moving event in the week ahead, with potential to impact Fed rate cut decisions. Week in Review: Rate Cut Hopes Alive Post PCE Data […]