Markets Last week’s US eco data failed to settle the debate on the outcome of the September FOMC meeting. Money markets initially added to 50 bps rate cut bets on slightly below consensus PPI numbers, but later on retraced somewhat after CPI showed continuing disinflation though in line with forecasts. Survey data (Empire Manufacturing), activity […]
The CME FedWatch tool has suggested a total of 250 bps Fed funds rate cuts through September next year, to bring the Fed funds rate to 2.75%-3.00%. An upbeat BoJ’s monetary policy statement next Friday may trigger another round of JPY strength. Watch the key levels of 83.80 and 91.60 on the NZD/JPY. Since our […]
The post NZD/JPY Technical: Another Potential Falling Knife as Fed and BoJ Looms Next Week appeared first on Action Forex.
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