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First pass suggests an upside risk to our June quarter CPI estimate of 0.8%qtr (2.2%yr) but a more modest upside risk to our Trimmed Mean estimate of 0.6%qtr (2.7%yr). The Monthly CPI Indicator gained 2.4% in the year to April, stronger than Westpac’s estimate of 1.9%yr and just a touch more than the market’s estimate […]

The post Australia: April Monthly CPI Indicator appeared first on Action Forex.

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26/01/2024

WTI Oil Technical: Approaching a Key Medium-term Resistance, At Risk of Mean Reversion Decline

WTI crude oil has started to evolve into a short-term uptrend phase reinforced by the recent liquidity infusion by China’s central bank, PBoC upcoming 50 bps cut on the RRR. The current 5-day rally of WTI crude oil has reached a key medium-term resistance zone of US$79.00/79.40 with a short-term overbought condition. At the risk […]
15/04/2025

Inflation Eases as Canadians Adjust Travel Spending and Gas Prices Fall 

Headline CPI inflation for March came in at 2.3% year-on-year (y/y), below expectations for a 2.6% y/y print (and the February print of 2.6% y/y). The deceleration was due to lower prices for gasoline and air travel. On the former, prices at the pump were down almost 2% on the month, and excluding this impact, […]
10/04/2025

Australian Inflation Expectations Jump, Aussie Gains Ground

The Australian dollar has extended its gains on Thursday. AUD/USD is trading at 0.6172 in the European session, up 0.39% on the day. Australian dollar on a wild ride The Australian dollar continues to take market participants on a wild roller-coaster ride. AUD/USD soared 3.2% on Wednesday, recovering from a three-day slide in which the […]