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USD/JPY: History suggests US recession fears may soon return, creating renewed downside risks
US recession fears have eased, helped by stronger-than-expected activity data from the services sector and a sizeable drop in initial jobless claims last week. But the relative calm in markets may not last for long with history pointing to the risk that recession concerns may soon flare again. Historic trends hint at weak US economic data After being dominated by inflation updates earlier this week, the focus today returns to US economic activity. Specifically, July retail sales and weekly jobless claims. According to economists, control group retail sales are expected to lift 0.1% with claims rising marginally to ... (full story)
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- Posted: Aug 15, 2024 4:18am
- Submitted by:Category: Technical AnalysisComments: 0 / Views: 3,375
