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Barrage of US data to shed light on US economy as tariff war heats up. GDP, PCE inflation and nonfarm payrolls reports to headline the week. Bank of Japan to hold rates but may downgrade growth outlook. Eurozone and Australian CPI also on the agenda, Canadians go to the polls. Trump continues to sow tariff […]

The post Week Ahead: US GDP, Inflation and Jobs in Focus Amid Tariff Mess – BoJ Meets appeared first on Action Forex.

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Markets Weekly Outlook – Data Dump Ahead as Tariff Concerns Linger

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26/09/2024

CADJPY Wave Analysis

CADJPY reversed from support area Likely to rise to resistance level 108.85 CADJPY currency pair earlier reversed up with the weekly Bullish Engulfing from the support area located between the pivotal resistance level 104.50 (which has been reversing the pair from the middle of August, and the lower weekly Bollinger Band. This support area was […]
07/09/2024

Weekly Economic & Financial Commentary: Rate Cut at Sept. 18 FOMC Meeting, 25 bps or 50 bps?

Summary United States: Rate Cuts Incoming The August jobs report did little to settle the debate if a 25 bps or 50 bps rate cut is coming this month. We’re sticking with 50 bps, but acknowledge 25 bps as a real possibility. Firms continued to hire in August and the economy kept expanding. Attention is […]
05/09/2024

Loss of Interest Rate Support Weighed on Dollar

Markets Yesterday’s JOLTS report was yet another perfect illustration of market’s high sensitivity to the labour market since Fed chair Powell bombarded it to the single most important theme for policy. July Job openings in the US tumbled from a downwardly revised 7.94 mln to 7.67 mln, undershooting consensus by about 400k. Resisting the urge […]