{"id":76745,"date":"2024-02-08T10:57:18","date_gmt":"2024-02-08T08:57:18","guid":{"rendered":"https:\/\/ironfx-com-php8.wp-dev.int.theitops.net\/?p=76745"},"modified":"2025-12-10T16:23:12","modified_gmt":"2025-12-10T14:23:12","slug":"how-resilient-is-the-us-economy","status":"publish","type":"post","link":"https:\/\/www.ironfx-cn.com\/ms\/how-resilient-is-the-us-economy\/","title":{"rendered":"How resilient is the US economy?"},"content":{"rendered":"<p>The US Atlanta Fed GDPNow preliminary rate for Q1, came in much lower than expected, during yesterday\u2019s American trading session. The rate came in 3.4% versus the expected rate of 4.2%, highlighting some concerns about the US\u2019s economic resiliency, which in turn may have weakened the greenback. Moreover, should further GDP releases for the US hint that the economy might be slowing down, it could further weigh on the dollar. Over in Asia, China\u2019s PPI rate for January came in better than expected at -2.5% versus the expected rate of -2.6%. Yet, despite the better-than-expected PPI it is still in negative territory, implying deflation for Producer prices, for the past 16 months. Moreover, the CPI rate for January came in lower than expected at -0.8%, indicating deflationary pressures which in turn may imply weakening demand within the Chinese economy. The financial releases could prompt the Chinese Government to continue in its efforts to boost stimulus and restore confidence in the economy. In such a scenario, it could provide support for the CNY and the AUD, whereas should the situation continue to deteriorate it could weigh on the aforementioned currencies given their close economic ties. In the Equities markets, we note that Arm (#ARM) announced yesterday its earnings for the previous quarter. The British semiconductor company beat both revenue and earnings per share expectations by reporting a revenue of $824 million and $0.29 EPS. The better-than-expected earnings report could potentially provide support for the company\u2019s stock price. Lastly, Disney (#DIS) announced that it would be investing $1.5bn in Epic Games.<\/p>\n\n\n\n<figure class=\"wp-block-embed is-type-video is-provider-youtube wp-block-embed-youtube wp-embed-aspect-16-9 wp-has-aspect-ratio\"><div class=\"wp-block-embed__wrapper\">\n<iframe title=\"US stock markets rise amidst strong earnings\" width=\"750\" height=\"422\" src=\"https:\/\/www.youtube.com\/embed\/iGgrGVnposo?feature=oembed\" frameborder=\"0\" allow=\"accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share\" allowfullscreen><\/iframe>\n<\/div><\/figure>\n\n\n\n<p>USD\/JPY appears to be moving in an upwards fashion, with the pair having broken up the resistance turned support level at 148.55 (S1) . We maintain a bullish outlook for the pair and supporting our case is the RSI indicator below our chart, which currently registers a figure near 70, implying a bullish market sentiment. For our bullish outlook to continue, we would like to see a clear break above the 150.00 (R1) resistance level, with the next possible target for the bulls being the 151.85 (R2) resistance ceiling. On the other hand for a bearish outlook, we would like to see a clear break below the 148.55 (S1) support line, with the next possible target for the bears being the 146.30 (S2) support base. Lastly, for a sideways bias we would like to see the pair remain confined between the 148.55 (S1) support level and the 150.00 (R1) resistance line.<\/p>\n\n\n\n<p>US500, appears to be moving in an upwards fashion. We maintain a bullish outlook for the index and supporting our case is having the upwards moving trendline that was incepted on the 10<sup>th<\/sup> of October 2023, in addition to the RSI indicator below our chart which currently registers a figure near 70, implying bullish market tendencies. For our bullish outlook to continue, we would like to see a clear break above the 5100 (R1) resistance level, with the next possible target for the bulls being the 5250 (R2) resistance line. On the other hand, for a bearish outlook, we would like to see a clear break below the 4975 (S1) support level if not also the 4840 (S2) support base, with the next possible target for the bears being the 4660 (S3) support base. Lastly, for a sideways bias we would like to see the index remain confined between the 4975 (S1) support level and the 5100 (R1) resistance line.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-other-highlights-for-the-day\"><strong>Other highlights for the day:<\/strong><\/h2>\n\n\n\n<p>We note in today\u2019s American session, we note the release from the Czech Republic, CNB\u2019s interest rate decision and the US weekly initial jobless claims figure. On the monetary front please note that ECB\u2019s governing council member\u00a0 Wunsch, Richmond Fed President Barkin, BoE MPC member Dhingra, ECB Board Member Elderson, BoE MPC member Mann, ECB Board Member Lane and Richmond Fed President Barkin are scheduled to speak. During tomorrow\u2019s Asian session, we note that RBA Governor Bullock is scheduled to speak before Australian lawmakers.\u00a0 \u00a0\u00a0<\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-usd-jpy-h4-chart\"><strong>USD\/JPY H4 Chart<\/strong><\/h2>\n\n\n\n<figure class=\"wp-block-image size-full\"><img fetchpriority=\"high\" decoding=\"async\" width=\"977\" height=\"496\" src=\"\/wp-content\/uploads\/2024\/02\/image-38.png\" alt=\"support at  one four eight point five five and resistance at one five zero point zero zero , direction upwards  \" class=\"wp-image-76746\" title=\"usd-jpy -four-hour -chart\"\/><\/figure>\n\n\n\n<p>Support: 148.55 (S1), 146.30 (S2), 144.45 (S3)<\/p>\n\n\n\n<p>Resistance: 150.00 (R1), 151.85 (R2), 154.00 (R3) <\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-us500-daily-chart\"><strong>US500 Daily Chart<\/strong><\/h2>\n\n\n\n<figure class=\"wp-block-image size-full\"><img decoding=\"async\" width=\"977\" height=\"493\" src=\"\/wp-content\/uploads\/2024\/02\/image-39.png\" alt=\"support at  four nine seven five and resistance five one zero zero, direction upwards  \" class=\"wp-image-76747\" title=\"us500-daily -chart\"\/><\/figure>\n\n\n\n<p>Support: 4975 (S1), 4840 (S2), 4660 (S3)<\/p>\n\n\n\n<p>Resistance: 5100 (R1), 5250 (R2), 5400 (R3)<\/p>\n\n\n\n<figure class=\"wp-block-image size-full\"><img decoding=\"async\" width=\"1871\" height=\"458\" src=\"\/wp-content\/uploads\/2024\/02\/image-40.png\" alt=\"\" class=\"wp-image-76748\" title=\"benchmark-08-02-2024\"\/><\/figure>\n\n\n\n<figure class=\"wp-block-image size-full\"><img loading=\"lazy\" decoding=\"async\" width=\"1017\" height=\"570\" src=\"\/wp-content\/uploads\/2024\/02\/image-43.png\" alt=\"\" class=\"wp-image-76751\" title=\"table-08-02-2024\"\/><\/figure>\n\n\n\n<figure class=\"wp-block-image size-full\"><img loading=\"lazy\" decoding=\"async\" width=\"1737\" height=\"1024\" src=\"\/wp-content\/uploads\/2024\/02\/image-41.png\" alt=\"\" class=\"wp-image-76749\" title=\"morning-releases-08-02-2024\"\/><\/figure>\n\n\n\n<figure class=\"wp-block-image size-full\"><img loading=\"lazy\" decoding=\"async\" width=\"1737\" height=\"386\" src=\"\/wp-content\/uploads\/2024\/02\/image-42.png\" alt=\"\" class=\"wp-image-76750\" title=\"morning-releases-08-02-2024\"\/><\/figure>\n\n\n\n<p class=\"translation-block\">If you have any general queries or comments relating to this article please send an email directly to our Research team at <a href=\"mailto:research_team@ironfx.com\" target=\"_self\">research_team@ironfx.com<\/a><\/p>\n\n\n\n<p>Disclaimer:<br>This information is not considered as investment advice or an investment recommendation, but instead a marketing communication. IronFX is not responsible for any data or information provided by third parties referenced, or hyperlinked, in this communication.<\/p>","protected":false},"excerpt":{"rendered":"<p>The US Atlanta Fed GDPNow preliminary rate for Q1, came in much lower than expected, during yesterday\u2019s American trading session.<\/p>","protected":false},"author":15,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[1],"tags":[],"class_list":["post-76745","post","type-post","status-publish","format-standard","hentry","category-uncategorized","blog-category-financial-news","entry"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.3 (Yoast SEO v27.3) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Resilient US Economy Faces Market Concerns<\/title>\n<meta name=\"description\" content=\"Resilient US economy challenged by softer GDPNow, impacting USD\/JPY and US500 as markets weigh growth, sentiment and global data shifts.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.ironfx.com\/ms\/wp-json\/wp\/v2\/posts\/76745\/\" \/>\n<meta property=\"og:locale\" content=\"ms_MY\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"How resilient is the US economy?\" \/>\n<meta property=\"og:description\" content=\"Resilient US economy challenged by softer GDPNow, impacting USD\/JPY and US500 as markets weigh growth, sentiment and global data shifts.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.ironfx-cn.com\/ms\/how-resilient-is-the-us-economy\/\" \/>\n<meta property=\"og:site_name\" content=\"Complete Turnkey Introducing Brokers (IB) Solution at IronFX\" \/>\n<meta property=\"article:published_time\" content=\"2024-02-08T08:57:18+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2025-12-10T14:23:12+00:00\" \/>\n<meta name=\"author\" content=\"IronFX Team\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.ironfx-cn.com\\\/ms\\\/how-resilient-is-the-us-economy\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.ironfx-cn.com\\\/ms\\\/how-resilient-is-the-us-economy\\\/\"},\"author\":{\"name\":\"IronFX Team\",\"@id\":\"https:\\\/\\\/www.ironfx-cn.com\\\/ms\\\/#\\\/schema\\\/person\\\/6727476356d10030d1564b38f6e699b1\"},\"headline\":\"How resilient is the US economy?\",\"datePublished\":\"2024-02-08T08:57:18+00:00\",\"dateModified\":\"2025-12-10T14:23:12+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.ironfx-cn.com\\\/ms\\\/how-resilient-is-the-us-economy\\\/\"},\"wordCount\":741,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\\\/\\\/www.ironfx-cn.com\\\/ms\\\/#organization\"},\"articleSection\":[\"Uncategorized\"],\"inLanguage\":\"ms-MY\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.ironfx-cn.com\\\/ms\\\/how-resilient-is-the-us-economy\\\/\",\"url\":\"https:\\\/\\\/www.ironfx-cn.com\\\/ms\\\/how-resilient-is-the-us-economy\\\/\",\"name\":\"Resilient US Economy Faces Market Concerns\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.ironfx-cn.com\\\/ms\\\/#website\"},\"datePublished\":\"2024-02-08T08:57:18+00:00\",\"dateModified\":\"2025-12-10T14:23:12+00:00\",\"description\":\"Resilient US economy challenged by softer GDPNow, impacting USD\\\/JPY and US500 as markets weigh growth, sentiment and global data shifts.\",\"breadcrumb\":{\"@id\":\"https:\\\/\\\/www.ironfx-cn.com\\\/ms\\\/how-resilient-is-the-us-economy\\\/#breadcrumb\"},\"inLanguage\":\"ms-MY\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\\\/\\\/www.ironfx-cn.com\\\/ms\\\/how-resilient-is-the-us-economy\\\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\\\/\\\/www.ironfx-cn.com\\\/ms\\\/how-resilient-is-the-us-economy\\\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\\\/\\\/www.ironfx-cn.com\\\/ms\\\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"How resilient is the US economy?\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\\\/\\\/www.ironfx-cn.com\\\/ms\\\/#website\",\"url\":\"https:\\\/\\\/www.ironfx-cn.com\\\/ms\\\/\",\"name\":\"Complete Turnkey Introducing Brokers (IB) Solution at IronFX\",\"description\":\"&quot;Our Introducing Brokers program offers competitive conditions tailored to our partners&#039; needs. 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