Blogs

<p><img width="558" height="307" src="https://www.actionforex.com/wp-content/uploads/featured-images/f-usa4.jpg" class="attachment-post-thumbnail size-post-thumbnail wp-post-image" alt="" decoding="async" fetchpriority="high" /></p> <p>US initial jobless c

<p><img width="479" height="359" src="https://www.actionforex.com/wp-content/uploads/2018/03/f-usd37.jpg" class="attachment-post-thumbnail size-post-thumbnail wp-post-image" alt="" decoding="async" fetchpriority="high" srcset="https://www.actionforex.com/wp-content/

<p>Philly Fed business index</p><ul><li><a href="https://www.forexlive.com/news/philadelphia-fed-business-index-for-december-105-vs-30-estimate-20231221/" target="_blank" rel="follow">Prior </a>-10.5</li><li>Employment -1.8 vs -1.7 prior</li><li>New orders -17

<ul><li><a href="https://www.forexlive.com/news/us-housing-starts-for-november-1560m-vs-1360m-estimate-best-since-may-20231219/" target="_blank" rel="follow">Prior </a>month housing starts 1.426m</li><li>Housing starts November 1.560m</li><li>Building permits 1.495 millio

<ul><li>Prior 202K revised to 203K</li><li>Initial jobless claims 187K vs 207K estimate. Lowest since September 24, 2022. </li><li>4-week moving average 203.25K vs 208.00K last week. (revised from 207.75K last week)</li><li>Continuing claims 1.806M vs 1.845M estimate. Prior 1.834M.</li><li>

<p>A note from JPM on Thursday, info via Reuters reporting:</p><ul><li>expects the Bank of England to start cutting interest rates in August (were previously projecting the first cut on November)</li><li>and 75bp of cuts by the end of 2024</li></ul><p>JPM cite inflation coming down and optimism

<p>RBC forecasting a move to a record high for the benchmark US index:</p><ul><li>sentiment set up is constructive</li><li>Valuations can stay higher than many investors realize</li><li>cooling inflation should support price-to-earnings multiples</li><li>bull case is 5,300</li></u

<p>The BNZ – BusinessNZ Performance of Manufacturing Index (PMI) slumped even further into contraction in December, to 43.1</p><ul><li>from 46.5 in November</li><li>lowest level since October</li><li>has been in contraction for ten consecutive months</li><li>second lowest of 2023</li>

<p>SNB President Jordan spoke overnight, with no remarks on his economic outlook nor on monetary policy.</p><p>He did comment on the Swissy the day before (in and interview with Bloomberg TV) when he said that the rise of the CHF has become significant enough in recent weeks to materially affect the inflation outlook:</p><

<ul><li><a href="https://www.forexlive.com/news/us-initial-jobless-claims-187k-vs-207k-estimate-20240118/">US initial jobless claims 187K vs 207K estimate</a></li><li><a href="https://www.forexlive.com/news/philly-fed-january-business-index-106-vs-70-expected-20240118/">Philly Fed Januar