Logo-color Logo-white

Markets Consensus-beating June US retail sales only temporary interfered with reigning market momentum. Core retail sales rose by 0.8% M/M (& 0.9% M/M for retail sales control group) in what for now remains more of a catch-up move after weak consumer spending YTD. Sales were mainly boosted by goods spending with customers lured by price […]

The post A Speech by Fed Waller is a Wildcard appeared first on Action Forex.

previous

Cable Jumps as UK CPI Shows Stagnation

next

GBPUSD Hits Fresh 1-Year High

Read More

20/12/2023

GBP/USD Deflated By Softer Than Expected UK November Inflation Data

Cable dropped on Wednesday morning on softer than expected UK November inflation, losing around 0.4% after data release. Stronger than expected drop in consumer prices adds support to rate cut scenario, making pound less attractive, though latest comments from BOE’s deputy governor about keeping restrictive policy for some time, may partially offset impact from inflation […]
15/03/2024

Looking Beyond the Horizon

The macro outlook is unchanged from our view of recent months. Two years of slow growth could result in economic slack, with inflation ultimately undershooting the RBA’s target. What forces could emerge to offset this? This week we released fresh forecasts in our Market Outlook publication. The national accounts came in broadly as we expected, […]
22/04/2024

Bitcoin Price Bullish after Halving-2024

On April 19, 2024, a halving occurred in the Bitcoin network, resulting in the reward for the mined block amounting to 3.125 BTC. Historically, after the halving (which is associated with a reduction in supply), the price of Bitcoin heads to all-time highs. But, as Forbes reports, Goldman Sachs analysts warn against extrapolating the results […]