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In focus today Today we receive the German Ifo index, and it will be interesting to see if it shows the same development as the PMIs yesterday. We particularly look out for the Ifo index as it has an expectations component in contrast to the PMI, which should give a better reflection of the trade […]

The post Politics Continue to Push Sentiment appeared first on Action Forex.

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14/03/2024

Focus on Swedish inflation and US Retail Sales

In focus today In the US, February retail sales and PPI are due for release today. Consensus expects a rebound in retail sales after the unusually weak January print, which might have been distorted by heavy seasonal adjustments at the start of the year. Markets will also follow if the sticky price pressures seen in […]
11/04/2024

Dollar Index Continues to Benefit from Hotter Than Expected US Consumer Prices

The dollar index keeps firm tone and rises further on Thursday after surging over 1% on Wednesday (the biggest one-day gains since 3 Feb 2023), lifted by hotter than expected US inflation data, which dropped bets for the start of Fed’s policy easing cycle in June. Fresh acceleration higher has fully reversed 104.83/103.61 corrective leg […]
31/03/2025

First Impressions: NZ Business Confidence

Business confidence remains high, but cost pressures are becoming more of a feature. Key results, March 2025 Business confidence: 57.5 (Prev: 58.4) Expectations for own trading activity: 48.6 (Prev: 45.1) Activity vs same month one year ago: 0.8 (Prev: -2.9) Inflation expectations: 2.63% (Prev: 2.53%) Pricing intentions: 51.3 (Prev: 46.2) Business sentiment has remained upbeat […]