Tag: Economic data analysis
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 Concerned Recession 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...
German ZEW Economic Sentiment Falls to 19.2, Signaling Decline – Action Forex
Germany’s ZEW Economic Sentiment index experienced a significant drop in August, plummeting from 41.8 to 19.2, which is well below the anticipated 30.6. This decline is the most drastic monthly decrease since July 2022....
Eco Data Calendar 8/12/24 – Actionable Insights for Forex Traders
ActionForex.com has been a trusted source of insightful analysis for forex traders since 2004. Our goal has always been to empower individual traders with the information they need to make informed decisions in the...
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 Policy New 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...
