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There will always be items in the CPI basket with price inflation a long way from the RBA’s 2–3% target. That is no reason to dismiss measures of underlying inflation, such as the trimmed mean, as an indicator of current inflation pressures. The RBA’s mandate involves an inflation target of 2–3%, always aiming for the […]

The post The Flaw of Averages appeared first on Action Forex.

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18/11/2024

Bitcoin’s Price Has Risen by About 30% Since the Start of the Month

As the BTC/USD chart indicates: → At the start of November, Bitcoin’s price was around the $70,000 level. → Today, a single coin is trading for approximately $92,000. On 12 November, when we last analysed Bitcoin’s price, we: → Highlighted factors driving bullish sentiment. → Identified a long-term ascending channel. → Predicted a potential correction […]
30/01/2024

Sunset Market Commentary

Markets There were few data to inspire global trading today. With policy meetings scheduled on Wednesday and on Thursday, Fed and BoE MPC members currently also abstain from comments on monetary policy. Luckily, ECB governors are again free to speak and temporarily have some kind of monopoly in setting sentiment. Looking at the comments post […]
10/01/2025

Asian-Pacific Dealings Lacking Much Other News Revolve Mostly Around PBOC

Markets The partial absence of US investors due to a national day of mourning for ex-president Carter and the empty economic calendar kept markets squarely focused on the UK. Gilt yields gapped another 12 bps higher at the open before paring most of those gains into the close. The earlier surge nevertheless means multi-year or […]