{"id":53349,"date":"2023-01-20T10:01:18","date_gmt":"2023-01-20T08:01:18","guid":{"rendered":"https:\/\/ironfx-com-php8.wp-dev.int.theitops.net\/?p=53349"},"modified":"2025-10-13T17:21:51","modified_gmt":"2025-10-13T14:21:51","slug":"growth-concerns-intensify-for-the-us-economy","status":"publish","type":"post","link":"https:\/\/www.ironfx-id.com\/ru\/growth-concerns-intensify-for-the-us-economy\/","title":{"rendered":"Growth concerns intensify for the US economy"},"content":{"rendered":"<p>The USD remained relatively stable yesterday against its counterparts, yet we have to note that market worries about the growth of the US economy tend to intensify as also the US GDP advance rate for Q4 is due out next week. The main market worries seem to be focusing on the possibility that the Fed may overdo it with its monetary policy tightening and that the possibility of a soft landing may be thrown out of the window, exactly for that reason. It\u2019s characteristic that all three major stock market indexes, namely the Dow Jones, Nasdaq and S&amp;P 500, continued their journey southwards for a second consecutive day yesterday. Yesterday\u2019s releases may not have been as bad as in the earlier days of the week, yet there were still some worrying signs. For example Netflix despite actually delivering better-than-expected results in its revenue figure, it was not able to surpass also the earnings per share expectations of the market, which could imply an overhead cost issue for the company. It was announced that Netflix\u2019s co-chief executive Reed Hastings is to step down, a change that may also imply a shift in the company\u2019s strategy, while on the positive side, the number of subscribers increased by seven million.<\/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=\"Market worries for the growth of the US economy intensify\" width=\"750\" height=\"422\" src=\"https:\/\/www.youtube.com\/embed\/C_GupRlzGik?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>Overall we expect market sentiment to continue to be driven by market worries about the growth of the US economy and should they intensify, we may see US stock markets dropping even further. On the monetary front, we note that Fed Vice Chair Brainard yesterday was reported stating that she sees rates continuing to be high even should inflation slow down further, while similar messages were sent to the market also by Boston Fed President Collins, who was reported stating that rates are not to drop anytime soon, yet also mentioned that the bank could slow the pace of its rate hikes. Overall given that Fed policymakers are not to make any statements next week ahead of the Fed\u2019s next interest rate decision, the statements of the last days tended to gain on importance, yet seem to send some conflicting messages. As for yesterday\u2019s financial releases, we tend to note that economic activity in the US construction sector has slowed even further for December, given the slight drop of the number of building permits and housing starts, while the employment market seems to remain tight given the drop of the weekly initial jobless claims figure and economic activity is improving in the wider Philly area, yet is still in the negatives.\u00a0<\/p>\n\n\n\n<p>USD\/JPY edged higher breaking the 128.60 (S1) resistance line, now turned to support. We tend to maintain a bias for the sideways motion of the pair to continue given also that the RSI indicator is running along the reading of 50. Should the bulls take over, we may see the pair aiming if not reaching the 131.40 (R1) resistance line. Should the bears be in charge we may see USD\/JPY breaking the 128.60 (S1) support line and aim for the 126.50 (S2) support level.<\/p>\n\n\n\n<p>USD\/CAD edged lower breaking the 1.3465 (R1) support line, now turned to resistance. We maintain a bias for a sideways motion given also that the RSI indicator is running along the reading of 50. Should the bears \u00a0take over, we may see the pair aiming if not reaching the 1.3335 (S1) support line. Should the bulls be in charge we may see USD\/CAD breaking the 1.3465 (S1) line and aim for the 1.3570 (S2) resistance level.<\/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>In today\u2019s European session we note the release of UK\u2019s retail sales growth rate for December and Sweden\u2019s GDP rate for December, while on the monetary front, SNB\u2019s Chairman Thomas Jordan and ECB President Christine Lagarde are scheduled to speak. In the American session, we get the US existing home sales for December and Canada\u2019s retail sales growth rate for November while we note that Philadelphia Fed President Harker and Fed Board Governor Waller are scheduled to speak. During Monday\u2019s Asian session we note the release of BoJ\u2019s minutes for the December meeting.<\/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=\"825\" height=\"381\" src=\"\/wp-content\/uploads\/2023\/01\/image-83.png\" alt=\"support at one hundred twenty eight point six and resistance at one hundred thirty one point four, direction sideways   \" class=\"wp-image-53350\" title=\"usd-jpy-four-hour-chart\"\/><\/figure>\n\n\n\n<p>Support: 128.60 (S1), 126.50 (S2), 124.00 (S3)<\/p>\n\n\n\n<p>Resistance: 131.40 (R1), 134.80 (R2), 138.15 (R3)<\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-usd-cad-h4-chart\"><strong>USD\/CAD H4 Chart<\/strong><\/h2>\n\n\n\n<figure class=\"wp-block-image size-full\"><img decoding=\"async\" width=\"820\" height=\"389\" src=\"\/wp-content\/uploads\/2023\/01\/image-84.png\" alt=\"support at one point three three three five and resistance at one point three four six five, direction sideways \" class=\"wp-image-53351\" title=\"usd-cad-four-hour-chart\"\/><\/figure>\n\n\n\n<p>Support: 1.3335 (S1), 1.3230 (S2), 1.3140 (S3)<\/p>\n\n\n\n<p>Resistance: 1.3465 (R1), 1.3570 (R2), 1.3685 (R3)<\/p>\n\n\n\n<figure class=\"wp-block-image size-full\"><img decoding=\"async\" width=\"1432\" height=\"353\" src=\"\/wp-content\/uploads\/2023\/01\/image-85.png\" alt=\"\" class=\"wp-image-53354\" title=\"benchmark-20-1-2022\"\/><\/figure>\n\n\n\n<figure class=\"wp-block-image size-full\"><img loading=\"lazy\" decoding=\"async\" width=\"1047\" height=\"602\" src=\"\/wp-content\/uploads\/2023\/01\/image-87.png\" alt=\"\" class=\"wp-image-53356\" title=\"table-20-1-2022\"\/><\/figure>\n\n\n\n<figure class=\"wp-block-image size-full\"><img loading=\"lazy\" decoding=\"async\" width=\"1140\" height=\"739\" src=\"\/wp-content\/uploads\/2023\/01\/image-86.png\" alt=\"\" class=\"wp-image-53355\" title=\"morning-releases-20-1-2022\"\/><\/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>\n\n\n\n<p>\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 \u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0<\/p>","protected":false},"excerpt":{"rendered":"<p>The USD remained relatively stable yesterday against its counterparts, yet we have to note that market worries about the growth<\/p>","protected":false},"author":15,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[1],"tags":[],"class_list":["post-53349","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>Growth concerns intensify for the US economy<\/title>\n<meta name=\"description\" content=\"The USD remained relatively stable yesterday against its counterparts, yet we have to note that market worries\" \/>\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\/ru\/wp-json\/wp\/v2\/posts\/53349\/\" \/>\n<meta property=\"og:locale\" content=\"ru_RU\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Growth concerns intensify for the US economy\" \/>\n<meta property=\"og:description\" content=\"The USD remained relatively stable yesterday against its counterparts, yet we have to note that market worries\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.ironfx-id.com\/ru\/growth-concerns-intensify-for-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=\"2023-01-20T08:01:18+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2025-10-13T14:21:51+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-id.com\\\/ru\\\/growth-concerns-intensify-for-the-us-economy\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.ironfx-id.com\\\/ru\\\/growth-concerns-intensify-for-the-us-economy\\\/\"},\"author\":{\"name\":\"IronFX Team\",\"@id\":\"https:\\\/\\\/www.ironfx-id.com\\\/ru\\\/#\\\/schema\\\/person\\\/6727476356d10030d1564b38f6e699b1\"},\"headline\":\"Growth concerns intensify for the US economy\",\"datePublished\":\"2023-01-20T08:01:18+00:00\",\"dateModified\":\"2025-10-13T14:21:51+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.ironfx-id.com\\\/ru\\\/growth-concerns-intensify-for-the-us-economy\\\/\"},\"wordCount\":783,\"publisher\":{\"@id\":\"https:\\\/\\\/www.ironfx-id.com\\\/ru\\\/#organization\"},\"articleSection\":[\"Uncategorized\"],\"inLanguage\":\"ru-RU\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.ironfx-id.com\\\/ru\\\/growth-concerns-intensify-for-the-us-economy\\\/\",\"url\":\"https:\\\/\\\/www.ironfx-id.com\\\/ru\\\/growth-concerns-intensify-for-the-us-economy\\\/\",\"name\":\"Growth concerns intensify for the US economy\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.ironfx-id.com\\\/ru\\\/#website\"},\"datePublished\":\"2023-01-20T08:01:18+00:00\",\"dateModified\":\"2025-10-13T14:21:51+00:00\",\"description\":\"The USD remained relatively stable yesterday against its counterparts, yet we have to note that market worries\",\"breadcrumb\":{\"@id\":\"https:\\\/\\\/www.ironfx-id.com\\\/ru\\\/growth-concerns-intensify-for-the-us-economy\\\/#breadcrumb\"},\"inLanguage\":\"ru-RU\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\\\/\\\/www.ironfx-id.com\\\/ru\\\/growth-concerns-intensify-for-the-us-economy\\\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\\\/\\\/www.ironfx-id.com\\\/ru\\\/growth-concerns-intensify-for-the-us-economy\\\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\\\/\\\/www.ironfx-id.com\\\/ru\\\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Growth concerns intensify for the US economy\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\\\/\\\/www.ironfx-id.com\\\/ru\\\/#website\",\"url\":\"https:\\\/\\\/www.ironfx-id.com\\\/ru\\\/\",\"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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