Tag: Economic indicators
Warning: BoE’s Mann Predicts Prolonged Services Inflation – Action Forex
At a recent event, Catherine Mann, a member of the Bank of England's Monetary Policy Committee, discussed the challenges surrounding services inflation. According to Mann, services inflation still has a long way to go...
Japan Flash PMIs for October: Manufacturing at 49.0, Services at 49.3 | Forexlive
The Japan Flash PMIs for October have been released, with the manufacturing sector at 49.0 and the services sector at 49.3. These numbers indicate a contraction in both sectors, as any reading below 50...
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...
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...
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...
Weekly Market Recap: Major Indices Close Higher and Up for the Week
The stock market had a positive week with major indices closing higher. The Nasdaq showed the strongest performance, leading the way for the Dow and the S&P. However, the small cap Russell 2000 closed...
BoC Rate Cuts Accelerate, Flash PMIs Key for Growth – Action Forex
The Bank of Canada is expected to make a significant rate cut of 50 basis points at its October meeting, based on recent CPI data. However, there is some uncertainty in the markets regarding...
Bostic Projects Neutral Policy Rate Between 3-3.50% | Forexlive
Foreign exchange trading is a risky venture that may not be suitable for everyone. It is important to understand the risks involved, especially with the use of leverage. Before diving into foreign exchange trading,...
EURGBP Market Analysis: Weekly News Update (Oct 14 – Oct 18) – Action Forex
The EURGBP pair, also known as the “Chunnel” by traders, is a popular currency pair that reflects the economic relationship between the Eurozone and the United Kingdom. The euro is influenced by economic data...
Federal Reserve President Mester: Neutral Rate Higher than Before | Forexlive
Federal Reserve President Mester recently stated that the neutral interest rate is higher than before. This statement has significant implications for the financial markets and investors.The neutral interest rate, also known as the equilibrium...