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UK inflation beat expectations and accelerated markedly, but this only temporarily boosted the Pound. GBPUSD came under further selling when it broke above 1.2700. CPI rose 0.6% in October, and annual inflation accelerated from 1.7% to 2.3%, the highest since March. These fluctuations around the target do not yet look like a significant threat of […]

The post Pound Falls Despite Acceleration in Inflation appeared first on Action Forex.

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16/12/2023

Commodities Year Ahead 2024: Fed Policy to Drive Gold, Oil to Dance to Rhythm of OPEC+

Gold enters uncharted territory twice in 2023 Fed policy to remain gold’s main driver in 2024 Industrial metals to stay locked on China Easing demand, OPEC+ supply, and geopolitics will shape crude oil Fed rate cut expectations fuel gold After a dull 2022, gold staged a decent comeback in 2023, entering uncharted territories twice and […]
03/05/2024

Nasdaq 100: Sandwiched, Watch US 10-Year Treasury Yield Next

Nasdaq 100 has exhibited short-term intraday wild gyrations of 3% to 4% in opposite directions since last week. Today’s data focus will be on US non-farm payrolls and ISM Services PMI for April to offer clues on whether the stagflation risk narrative is still alive. Macro factors such as the movement of the US 10-year […]
13/07/2024

Weekly Economic & Financial Commentary: Balanced Risks Drive the FOMC Closer to a September Rate Cut

Summary United States: Fed’s Challenge: Making Sure Fire Is Out vs. Water Damage We learned this week that CPI declined in June and core prices rose at the slowest clip since early 2021. With the inflation target in sight, Fed policymakers are taking stock of deteriorating labor market dynamics and souring consumer sentiment as they […]