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This week’s national accounts confirmed our view that the domestic economic is soft, especially the consumer. Pressures on households should start to ease in the period ahead. The big-picture themes from the national accounts for the December quarter were largely as expected. The Australian economy is soft, expanding just 0.2% in the quarter and 1½% […]

The post The Slow Lane in the Tunnel appeared first on Action Forex.

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17/04/2024

EURGBP Maintains Bearish Bias Amid Pennant Formation

EURGBP tests uptrend line as it resumes slide Risks are tilted to the downside But pennant pattern suggests more consolidation EURGBP has been drifting lower after its latest attempt to break above the medium-term descending trendline failed, peaking at 0.8585. The price briefly touched the short-term uptrend line just below 0.8520 earlier today before bouncing […]
22/02/2025

Markets Weekly Outlook – US PCE, Japanese Inflation & Tariffs in Focus

US equity markets experienced a slight downturn due to concerns about inflation impacting consumer spending, highlighted by Walmart’s cautious outlook. The upcoming US PCE data is crucial as the Fed’s preferred inflation measure. Japanese inflation data will also be key this week as markets eye the Bank of Japans next move. German elections take place […]
17/01/2025

Bond Relief

Optimism yesterday could’ve been boosted by slower-than-expected US retail sales in December, another set of strong bank and TSM earnings and hawkish comments from the Federal Reserve’s (Fed) Christopher Waller who said that he sees multiple rate cuts in 2025 and a rate cut sooner than market is pricing – if, of course, inflation continues […]