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Personal income grew 0.2% month-on-month (m/m) in June, down from May’s 0.4% gain, and below market expectations (also 0.4%). Accounting for inflation and taxes, real personal disposable income growth slowed in June, up 0.1% m/m, relative to a 0.3% gain in May (revised down from 0.5% previously). Personal consumption expenditures also geared down slightly in […]

The post US: Consumers Close Q2 on an Upbeat Note, But Momentum Unlikely to be Sustained appeared first on Action Forex.

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Bank of England Preview – A Dovish Hold; Limited EUR/GBP Downside Potential

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20/05/2024

Westpac New Zealand RBNZ Pulse Client Survey

Ahead of this week’s RBNZ policy meeting, our survey finds that offshore clients are more dovish than those onshore. Both groups are more dovish than the RBNZ. Market participants see an earlier start to RBNZ easing than RBNZ and Westpac forecasts. Survey participants are less dovish than market pricing. Offshore market participants are more dovish […]
10/06/2024

US Dollar Index: Continues to Fly on Growing Wxpectations

Dollar continues to fly on growing expectations that the Fed will stay in higher for longer rate mode The dollar index extends strong rally on Monday, after advancing 0.8% on Friday and started the week with gap higher opening. Upbeat May NFP numbers on Friday added to hawkish stance and signal that the Fed may […]
16/01/2024

EUR/USD: Euro Loses Ground, Key Supports Under Increased Pressure

The Euro accelerated lower in Europe, shifting near term focus to the downside after a double failure at psychological 1.10 barrier. Fresh bears pressure pivotal Fibo support at 1.0875 (38.2% retracement of 1.0448/1.1139, reinforced by rising 55DMA), with firm break here to signal an end of extended consolidation, completion of a double-top (1.10) and further […]