Forex Markets Review 15 02 2024, USDJPY, Japan, Recession, GDP
[Music] good morning everyone and welcome to today’s Forex markets review the economic data this week was a little bit of one-sided a lot of economic data coming from the United States um from the United Kingdom as well as the Japanese econ economy we had the
Gross domestic product this morning from the Japanese economy which came at minus 0.1% this followed another quarter of negative expansion showing contraction in the economy uh which indicates a technical recession and with this morning’s numbers uh Japan is considered to
Be a technical recession while um Germany now moves to being the world’s thir third biggest economy behind the United States and China now again the Germans economy is not um has shown signs of a Slowdown as well uh throughout the past few months on the other hand we have been
Seeing the US economy uh holding on showing its resilience which in turn uh reinforced the case for the Federal Reserve not rushing to rate Cuts now in this today’s agenda um we will be looking at further economic data from the UK this morning with their quarterly GDP
Uh later on during the day the retail sales from the United States by the retail sales from the UK tomorrow morning today ladies and gentlemen thank you very much and have a nice [Music] day
Japan’s economy unexpectedly falls into a technical recession, after two consecutive quarterly GDPs come into negative area.
Germany’s economy has now become the world’s third-biggest economy, behind the United States – whose economy has shown its resilience, and China.