ActionForex.com was set up back in 2004 with the aim to provide insightful analysis to forex traders, serving the trading community for over a decade. Empowering the individual traders was, is, and will always be our motto going forward.
ActionForex.com was set up back in 2004 with the aim to provide insightful analysis to forex traders, serving the trading community for over a decade. Empowering the individual traders was, is, and will always be our motto going forward.
Will the RBA Start the Year with Another 25bps Hhike?
With inflation in Australia shooting to a 33-year high in Q4, most market participants are convinced that the RBA will continue raising interest rates. The Bank meets on Tuesday at 03:30 GMT, with investors eager to see whether another quarter-point hike will be delivered, but also what policymakers are planning thereafter. Will the RBA sound […]
Week Ahead – Nearing the End of Rate Hikes?
US Now that Wall Street has had enough time to process the dovish FOMC decision and another robust nonfarm payroll report, the focus shifts predominantly to Fed speak and economic data that should support the disinflation process. Traders will pay close attention to initial jobless claims and the University of Michigan sentiment report. Other notable […]
Watching for Cracks in Canadian Labour Market Data
The record squeeze on Canadian labour markets is unlikely to have loosened much in January. We look for a small increase in employment (roughly 5000 workers) to add to the 176,000 surge in positions that played out over the prior four months. We also expect a tick up in the unemployment rate, to 5.1%—still just […]
Weekly Economic & Financial Commentary: FOMC's Job Not Yet Done
Summary United States: Jobs Day Fireworks to Start 2023 During January, payrolls jumped by 517K, the unemployment rate fell to 3.4% and average hourly earnings rose by 0.3%. The FOMC raised the fed funds target range by 25 bps to 4.5%-4.75% this week. The ISM services index rebounded to 55.2 in January, while the ISM […]
The Weekly Bottom Line: Until the Job Is Done
U.S. Highlights The Federal Reserve hiked the fed funds rate 25 basis-points, a step down from six consecutive hikes of 50 or 75 bps. Non-farm payrolls accelerated in January for the first time in five months, adding 517k jobs and nearly tripling market expectations. The ISM Manufacturing Index dropped to its lowest level since May […]
Forex and Cryptocurrency Forecast
EUR/USD: Three Weeks of Uncertainty The meetings of the Central Banks were held strictly according to plan last week. As expected, the key rate was raised by 25 bps (basis points) at the US Federal Reserve meeting and reached 4.75%, and by 50 bps at the European Central Bank meeting, up to 3.00%. Since the […]
Red Hot US Labour Market Report
Market movers today After a very busy week, this week should be much slower, at least in terms of scheduled events and data releases. Today, we have a few data points out from the euro area, namely retail sales for December and Sentix investor confidence for February, and also December factory orders in Germany. Probably […]
Market Dynamics Change at the Wake of the Monstrous NFP Beat
US NFP printed 517’000 last Friday. More than half a million. It’s a monstrous gap with the 185’000 expected by analysts. And even if the seasonal factors may have affected the January report… 517’000 jobs, is quite a STRONG number for a monthly NFP report. The unemployment rate unexpectedly fell to 3.4%. That’s the lowest […]
Stocks and Bonds Down, Dollar Up
Markets Friday was all about exceptionally strong US payrolls and a sharp rebound in the services ISM. The former showed a 517k job creation in January with details strong across the board. The unemployment rate fell to a 54-y low of 3.4% while the participation rate edged higher to 62.4%. Earnings rose 0.3% to 4.4% […]
US-China Relations Turn Sour Again
After a period of some improvement in US-China relations since the Xi-Biden meeting in November, the relationship took yet another turn for the worse following the shoot-down of a Chinese ‘spy balloon’ over the Atlantic. Below is a short Q&A on what happened and how we see the implications. What actually happened? On Friday last […]
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