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The eurozone inflation report for February on the menu this week Most ECB members worry about the growth outlook after the mixed PMIs The euro continues to suffer again against the pound German CPI will be published on Thursday; Eurozone on Friday 10:00 GMT With global stock markets attracting lots of interest due to their […]

The post Inflation Still Matters for ECB appeared first on Action Forex.

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Review of RBNZ February 2024 Monetary Policy Statement

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08/11/2024

Fed Continues To Dial Back Policy Restraint via 25 bps Rate Cut

Summary As widely expected, the FOMC cut rates by 25 bps at today’s policy meeting. The decision was unanimous. The Committee noted that progress has been made in returning inflation to its target of 2% and that the risks of achieving its goals of price stability and full employment are roughly balanced. Despite 75 bps […]
16/05/2024

GBP/USD: Bulls Taking a Breather After Five-Day Rally

Cable eases from new multi-week high (1.2700) on Thursday, as bulls faced headwinds from significant resistances at 1.2700 zone, provided by the top of daily Ichimoku cloud and Apr 9-10 tops. In addition, overbought conditions on daily chart prompted traders to partially collect profits from a five-day rally, which accelerated after US inflation data on […]
25/09/2024

USD/JPY Stabilises Amid Bank of Japan’s Cautious Signals

The USD/JPY pair has found a stable footing around 143.22 as investors carefully analyse the recent comments from Bank of Japan Governor Kazuo Ueda. His remarks suggest that the BoJ is taking a measured approach to monetary policy adjustments, signalling a possible delay in interest rate hikes. Governor Ueda emphasised the need to thoroughly analyse […]