Forex Forecast

Central bank policies are anticipated to be impacted by the forthcoming economic data releases, which offer valuable insights into the inflation and manufacturing activity trajectory. The October US core PCE Deflator is critical due to declining inflation. As the headline CPI and PPI figures have already demonstrated a deceleration, the anticipation of future rate cuts…

Diverse macroeconomic indicators revealed the losing momentum in the fourth quarter. Notwithstanding retail and industrial activity surpassing initial projections, there are observable indications of a decline. Last week’s inflation report showed that growth has slowed in all economies. The quarterly annualized decline in Japan’s GDP for the third quarter was 2.1%, which was more than…

The United Kingdom experienced an economic stalemate during the third quarter, as evidenced by the stagnant Q3 GDP on a quarter-over-quarter basis. Despite exceeding the consensus forecast that anticipated a slight decrease, the report’s specifics presented a less sanguine picture.  Weaknesses in business investment, consumer spending, and government expenditure all indicated a significant contraction in…

Many economic indicators were released in the previous week, providing an early look into the operational dynamics of the fourth quarter. In brief, the remarkable prowess observed during the third quarter seems to diminish as the calendar year nears its conclusion. The labor market was the focal point of attention after an unexpected surge in…

The U.S. economy displayed unexpected vigour in the third quarter, with real GDP expanding at a robust annualised rate of 4.9%. Despite higher interest rates and tighter credit conditions, various economic indicators, such as consumer spending, durable goods, initial claims, and new home sales, continued to display remarkable resilience. During last week’s most recent monetary…

In the US, the recent mortgage rate increases are bringing the housing market closer to a recession. In September, home sales reached their lowest level since 2010. While single-family construction remains relatively robust, builders’ confidence in sustaining sales wanes. On the Asian side, China’s economy substantially grew in the third quarter. Considering data from the…

The Consumer Price Index (CPI) experienced a marginal decline of 0.4% in September, following a 0.6% increase documented in August. The core CPI increased consistently at 0.3% month over month, maintaining its upward trend. As the general trajectory suggests, inflation will likely continue to moderate, and we expect additional alleviation of price pressures. Nonetheless, the…

The robustness of the U.S. economy continues to be evident, as nonfarm payrolls increased by 336,000 in September, exceeding expectations. This accomplishment was further emphasized by a notable upward revision of 119,000 to the data from the two months prior. Last week, the global financial markets were subjected to persistent pressure primarily caused by a…

After the latest FOMC meeting, during which the focus remained on the Federal Reserve’s reliance on incoming data to shape its future interest rate decisions, particularly with regard to the potential duration of elevated interest rates, this week has witnessed a flurry of economic indicators that shed light on the viability of the Fed’s forecast…

In the previous week, the US housing data highlighted the continuing effect of elevated mortgage rates and a limited housing supply on market activity. Claims for unemployment insurance remained low, but indicators such as the Leading Economic Index (LEI) on a downward trajectory and rising Treasury yields and oil prices indicate a possible slowdown in…