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USD/JPY Rises Above 150: Verbal Intervention Threat
Mizuho mentioned in their weekly outlook that there is a threat of verbal intervention as USD/JPY rises above 150. This is definitely something to pay attention to today, especially since USD/JPY has increased by...
Eco Data Forecast for October 22, 2024 – Action Forex
On October 22, 2024, there are several economic data releases to keep an eye on. Let's take a closer look at the forecasts and actual figures for some key events.Starting with New Zealand, the...
Kashkari: Inflation Not Caused by Labor Markets | Forexlive Analysis
Federal Reserve official Neel Kashkari recently made some interesting points during a discussion. He mentioned that inflation is not caused by the labor market, which goes against the common belief. He also highlighted the...
UK’s Consumption Puzzle and Monetary Easing: Insights from BoE’s Greene
In a recent article for the Financial Times, Megan Greene, a member of the BoE's MPC, shed light on the challenges surrounding the UK's consumption trends, labeling it a "consumption conundrum." Despite the fact...
Forex Market Update: Dollar Strong, Gold Continues Rally in Quiet Trading | Forexlive
The forex market saw some interesting movements in the latest session. The dollar held steady, while gold continued its rally. Here's a weekly update on interest rate expectations and some key comments from ECB...
ECB’s Kazimir: Disinflation Progress Encouraging, More Evidence Required
ECB Governing Council member Peter Kazimir shared his thoughts on the current disinflation progress in a recent blog post. According to Kazimir, the trend towards lower inflation is looking positive and stable.He mentioned that...
Germany September Producer Price Index (PPI) Report: -0.5% vs -0.2% Expected
The Producer Price Index (PPI) report for Germany in September showed a decrease of 0.5%, which was lower than the expected 0.2% decrease. This indicates a potential slowdown in the economy and may have...
RBA’s Hauser Indicates No Immediate Rate Cuts Due to High Inflation – Action Forex
RBA Deputy Governor Andrew Hauser made it clear today that the central bank is not considering immediate rate cuts due to high inflation levels. The recent positive employment data caused the market to delay...
Gold price reaches new high in early Asia trade on October 21, 2024
Gold prices surged to a new high in early Asia trade on October 21, 2024. This increase in gold prices has caught the attention of many investors looking to capitalize on the precious metal's...
AUD/USD Weekly Forecast: Latest Analysis and Updates by Action Forex
The AUD/USD pair saw a slight decline to 0.6657 last week before recovering. This week, the initial bias remains neutral for some consolidation. However, there is an expectation of further decline as long as...