Forex Forecast

Last week, the FOMC confronted a steadily more difficult balancing act. Despite their rate increases, consumer spending remains resilient, but other rate-sensitive sectors. Therefore, it is difficult to classify the state of the economy as wholly positive or negative; it is a mixture of both. In June, the FOMC decided to maintain the status quo…

Last week’s economic indicators indicate a progressive easing of price pressures across the economy. In June, the headline and core CPI increased by 0.2%, the smallest monthly increase since early 2021. In addition, core producer prices posted their lowest annual growth rate since February 2021. Despite the robust demand for labor, there are indications that…

The employment data for June fell short of projections, indicating a downward trend in hiring. Despite this, the Federal Reserve has the confidence to tighten monetary policy on July 26 due to the economy’s resilience as a whole and positive incoming data. The latest figures on construction expenditure for the month of May reveal a…

Last week’s economic data released in the United States demonstrated strength across various sectors. Claims for unemployment insurance decreased, the housing market continued to outperform expectations, and there were encouraging signs of increased business equipment expenditure. After a significant decline during the pandemic, immigration levels have rebounded in the United States. In 2022, immigration flows…

The financial markets and monetary policymakers were extremely active during the past week. Inflation and output growth, according to economic data, decelerated gradually rather than suddenly. Although the Chinese economy initially demonstrated strong performance in the first quarter after Zero-COVID measures were lifted, the momentum has not been sustained, and growth prospects are rapidly diminishing. …

In the US, the ISM Services index decreased to 50.8, indicating that the service sector may be losing momentum. An unanticipated increase in unemployment claims is indicative of a deteriorating labor market.  The resurgence of the housing market is being hampered by rising mortgage rates, with purchase mortgage applications falling for four consecutive weeks. In…

By resolving to suspend the debt ceiling until the end of 2024, Congress and the president successfully averted the first-ever default in U.S. history last week. Despite an unexpected increase in employment gains, contrary to market expectations, the overall data continue to indicate a gradual decline in economic activity. On the other hand, the Canadian…

The uncertain outcome of the debt ceiling agreement has rendered the near-term economic outlook uncertain. Recent data indicate, however, that the actual economy is exhibiting resilience. Stabilization in new home sales and orders for durable products, as well as an unexpected increase in real personal spending, are positive indicators. The FOMC considers the natural rate…

The most recent economic data indicate that the U.S. economy is gradually decelerating. Despite this, consumer spending remains stable, and industrial and housing activity shows evidence of stability. In spite of the fact that we continue to anticipate a recession by the end of the year, it is undeniable that the data reveals an underlying…