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Dollar’s pain could worsen as US CPI expected to ease slightly. Bank of Canada faces rate cut dilemma amid US tariffs. UK and Japanese indicators also eyed. Will US CPI report bring some inflation relief? As investors attempt to keep up with the daily shift in President Trump’s tariff policies, the February CPI report out […]

The post Week ahead – US CPI Set to Ease, BoC to Probably Cut Again appeared first on Action Forex.

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11/12/2023

Strong US Jobless Report Sparks Optimism, But Challenges Loom Ahead

Friday’s jobless report from the US was strong. It could’ve gone both ways, but it went well. The US economy added nearly 200’000 new nonfarm jobs in November, average earnings were higher than expected on a monthly basis, but stable around the 4% level on a yearly basis. That’s twice the Federal Reserve’s (Fed) inflation […]
21/06/2024

Week Ahead – US PCE Inflation the Highlight of a Relatively Light Agenda

Core PCE inflation to test bets of two Fed rate cuts in 2024 Yen awaits BoJ Summary of Opinions, Tokyo CPI Canadian CPI data also enters the spotlight Will PCE data confirm Fed rate cut bets? Although the Fed’s updated dot plot pointed to only one quarter-point reduction by the end of the year, the […]
12/08/2024

New Zealand Dollar Higher, Focus on RBNZ

The New Zealand dollar has started the week with gains. NZD/USD is trading at 0.6026 in the North American session, up 0.45% at the time of writing. Will the RBNZ lower rates this week? The Reserve Bank of New Zealand meets on Wednesday and it’s a live meeting as the decision is expected to be […]