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Hawkish comments from the Federal Reserve members continued to make the headlines in the US, yesterday, with Susan Collins, Thomas Barkin and a new Fed Governor Adriana Kugler, all saying the same exact thing: that there is no hurry for the US to cut the interest rates when the economic data points at such a […]

The post SP 500 Hits Record, Chinese Deflation Deepens appeared first on Action Forex.

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29/11/2023

Australia October Monthly CPI Indicator

Government policies are holding down inflation but electricity prices are starting to rise as rebates come to an end. The Monthly CPI Indicator rose 4.9% in the year to October, down from 5.6%yr in September and the recent peak of 8.4%yr at December 2022. This was meaningfully less than Westpac’s forecast of 5.3%yr, and the […]
16/09/2024

Bank of England Preview – Proceeding With Caution

We expect the Bank of England (BoE) to keep the Bank Rate unchanged at 5.00% on 19 September in line with consensus and market pricing. Overall, we expect the BoE to stick to a cautious language and deliver a dovish twist to its communication. We expect the reaction in EUR/GBP to be rather muted with […]
26/06/2024

AUD/USD Surged, Buoyed by RBA Confidence and Inflation Ggrowth

The Australian dollar strengthened notably against the US dollar, with the AUD/USD pair reaching 0.6684. Australia’s May economic indicators from MI remained unchanged at zero compared to the previous value. Meanwhile, Australia’s weighted average consumer price index increased to 4.0% y/y from the last 3.6%, surpassing the less ambitious forecast of 3.8%. Earlier statistics from […]