Tag: Economic data analysis
Data Analysis: Predicting December Rate Cut – Weekly Bottom Line | Action Forex
Canadian Labor Market Report
This week, the Canadian labor market report sent shockwaves through Bay Street, as the unemployment rate climbed to 6.8% - its highest level since January 2017, excluding the pandemic. This increase...
Federal Reserve’s Williams Discusses Transition to Neutral Policy, Data-Driven Timing – Action Forex
Federal Reserve's Williams Discusses Transition to Neutral PolicyNew York Fed President John Williams addressed the public in a speech yesterday, shedding light on the Federal Reserve's plans to shift towards a more neutral monetary...
US Retail Sales in Focus as Yen Rebounds: Forexlive Americas FX News Wrap
The focus was on US retail sales for October, which came in lower than expected at -0.1% compared to the expected +0.3%. Despite the headline number, some analysts pointed out that there was a...
US CPI Data to Drive Market Focus in Coming Week
After the surprising return of Donald Trump to the White House, the markets are experiencing a period of euphoria. Wall Street, Bitcoin, and the US dollar have all seen significant gains. Treasury yields have...
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...
ECB Rate Cut Review: Implications and Outlook – Action Forex
Today, the European Central Bank (ECB) announced its third rate cut of the year, bringing the deposit rate to 3.25%. This decision was in line with expectations and was made unanimously. The ECB President,...
EUR/USD Three-Week Low: ECB Easing Expectations – Forex Market Update
The EUR/USD pair has dropped to 1.1027, hitting a three-week low due to expectations of the European Central Bank (ECB) continuing to ease monetary policy. This decision is driven by slow economic growth and...
USD/JPY Rally Resumes Ahead of US Nonfarm Payrolls Report
The USD/JPY pair has resumed its rally, breaking above the 145.00 resistance level. On the 4-hour chart, a bullish trend line is forming with support at 145.80. This indicates a positive momentum for the...
US Services Sector Sees Growth Surge in September – Action Forex
The US services sector experienced a significant surge in growth during the month of September, according to the latest ISM Services index. The index rose to 54.9, up from 51.5 in August, surpassing expectations...
Ignoring Recession Signals: Why Some Economists Are Not Concerned
Ignoring Recession Signals: Why Some Economists Are Not ConcernedRecession signals have been flashing recently, alarming market watchers and causing economists to ponder what, if anything, is different about the current cycle. The yield curve...
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Investing in Elections: Why It’s Risky Business
In the fast-paced world of trading, where information is key, elections have become a major factor in determining market outcomes. This year, with numerous...
