Logo-color Logo-white

In focus today From the US, October PPI is due for release today. Yesterday’s CPI print was largely in line with expectations (see more in section below) hence it will be interesting to see if October PPI data mirrors this. In the evening, the Fed chair Powell will be on the wires. In the euro […]

The post US PPI and Euro Area GDP Data on Today’s Menu appeared first on Action Forex.

previous

Something Must Give

next

Commodity Currencies Reach New Lows

Read More

20/03/2024

UK Inflation Sets Up a Marathon for BoE

UK inflation has come in slightly weaker than expected, but this does not significantly bring the rate cut date any nearer. The CPI rose by 0.6% in February after a similar fall in January. Annual inflation slowed to 3.4% from 4.0%, vs expected 3.5%. Core CPI slowed its rise to 4.5% y/y in February after […]
07/12/2023

Japanese Yen Outperforms This Morning

Markets Yesterday’s slightly disappointing US ADP job report reverberated through the long end of the yield curve in particular. Maturities from 10 year to 30 year shed between 6.1 and 8.9 bps. The 10-y tenor dropped below support at 4.13% (50% retracement on the 2023 rise) but held above the next reference that pops up […]
04/09/2024

Will the NFP Take a September Double Fed Cut Off the Table?

Fed fund futures suggest a 40% chance of a 50bps September cut Powell’s Jackson Hole speech adds importance to jobs data US employment report scheduled for Friday at 13:30 GMT Investors see increasing chance of 50bps cut The dollar had a rough time in August, underperforming against all its major counterparts as market participants remained […]