Top Forex Brokers – Forex Weekly news and analysis For September 16 – 22, 2024
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Weekly Wrap-Up
UK unemployment rate dropped to 4.1% from May to July 2024, down from 4.2%.
British economy stalled in July 2024, mirroring June’s performance.
US annual inflation slowed to 2.5% in Aug 2024, lowest since Feb 2021.
ECB cut deposit rate to 3.5%, easing monetary policy restrictions.
US factory gate prices rose 0.2% mom in Aug 2024, up from flat July.
US consumer sentiment increased to 69 in Sep 2024, highest since May.
This Week’s Highlights
This week’s key economic releases are scheduled as follows:
US Retail Sales (Tuesday)
Federal Reserve Rate Decision (Wednesday)
FOMC Statement (Wednesday)
Bank of England Rate Decision and Monetary Policy Summary (Thursday)
Bank of Japan Rate Decision (Friday)
UK Retail Sales (Friday)
Canada Retail Sales (Friday)
Pair of the Week
USD/JPY
This week, expect high volatility in the USD/JPY pair due to the Bank of Japan and FOMC rate decisions and various economic events in the US.
Resistance: 143.55; 146.02
Support: 138.75; 136.70
GBP/USD
This week, expect high volatility in the GBP/USD pair due to the Bank of England and FOMC rate decisions and various economic events in the US and the UK.
Resistance: 1.3177; 1.3267
Support: 1.3043; 1.2959
