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The Monthly CPI Indicator rose 3.4% in the year to January, in line with the outcome recorded in December. This remains  the equal softest print for monthly inflation estimate since November 2021. The January print was meaningfully less than Westpac’s forecast of 3.9%yr, and the market median forecast of 3.5%yr. Taken at face value the […]

The post Australia: January CPI First Impressions appeared first on Action Forex.

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22/12/2023

GBP: Retail Sales Likely to Calm GBP

The Bank of England (BoE) is facing criticism for being slow to respond to the marked decline in UK price growth. The latest official data revealed a significant drop in consumer price growth to 3.9% in November, down from 6.7% in September. This unexpected decrease has prompted market reactions, with investors betting that the BoE […]
09/09/2024

XAU/USD Outlook: Gold Continues to Move Within Larger Range

Gold remains at the back foot at the start of the week, after Friday’s 0.8% drop and a weekly close below $2500. The metal’s price was deflated by US labor data on Friday, as employment increased below expectations but unexpected drop in jobless rate cooled fears about stronger weakness in the labor sector, contributing to […]
14/10/2024

Gold (XAU/USD) Price Outlook: China Sends Mixed Signals Keeping Gold Prices Steady

Gold prices remain steady despite weak Chinese data, Risk-Off Start to the week. Market uncertainty and geopolitical tensions are supporting gold’s safe-haven appeal. Key support and resistance levels to watch are identified. Gold prices held steady this morning as weak Chinese data renewed market concerns and led to a risk-off start to the week. The […]