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<p>According to Japan’s Finance Ministry and Cabinet Office, Business Sentiment Indicator of all large industries plunged to -47.6 in Q2, down from -10.1 in Q1. That’s the worst reading in 11 years. Large manufacturing BSI dropped to -52.3, down from -17.2. Large non-manufacturing BSI dropped to -45.3, down from -6.6. All industri

<p>Gold’s firm break of 1721.90 resistance yesterday suggests that corrective fall from 1765.25 has completed with three waves down to 1670.66. That came after drawing support from 55 day EMA. Further rise is now in favor as long as 1707.84 minor support holds. Decisive break of 1765.25 high will resume larger up trend. Next near [&hell

<p>Market reactions to the dovish FOMC statement and projections overnight were generally negative, except NASDAQ. DOW closed down -1.04% while S&P 500 dropped -0.53%. But NASDAQ extended the record run and rose 0.67% to 10020.35. 10-year yield extended this week’s steep reversal and closed down -0.081 to 0.748. Nevertheless, it sh

<p>Dollar traders seem to be unhappy that the vast majority of Fed officials expected interest rate to stay at 0.00-0.25% range till the end of 2022. More importantly, Fed sort of kept the floor regarding asset purchases, and said, “over coming months the Federal Reserve will increase its holdings of Treasury securities and agency resid

<p>The post <a rel="nofollow" href="https://www.actionforex.com/live-comments/302300-fed-chair-jerome-powells-press-conference-live-stream-2/">Fed chair Jerome Powell’s press conference live stream</a> appeared first on <a rel="nofollow" href="https://www.actionforex.com">Action

<p>In the new economic projections (median), Fed expects GDP to contract -6.5% in 2020, then rebound by 5.0% in 2021, below slowing to 3.5% in 2022. Unemployment rate is expected to hit 9.3% by the end the of year, then dropped back to 6.5% at 2021 end, and 5.5% in 2022 end. Core PCE inflation […]

<p>Fed left federal funds rate target rate unchanged at 0.00-0.25% as widely expected, by unanimous vote. FOMC also pledged to maintain the target range “until it is confident that the economy has weathered recent events and is on track to achieve its maximum employment and price stability goals.” Additionally, Fed will “inc

<p>US CPI dropped -0.1% mom in May, below expectation of 0.0% mom. Core CPI also dropped -0.1% mom, below expectation of 0.0% mom. Annually, headline CPI slowed to 0.1% yoy, down from 0.3% yoy, missed expectation of 0.2% yoy. Core CPI slowed to 1.2% yoy, down from 1.4% yoy, missed expectation of 1.3% yoy. Full […]

<p>OECD outlined two “equally probable scenarios” for the world economy in a report released today. In the “single-hit scenario”, second wave of coronavirus pandemic is avoided. Global economic activity would fall -6% in 2020, with unemployment rates jumping to 9.2%, up from 5.4% in 2019. “living standards fall l