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Markets Japanese stock markets outperform this morning (Nikkei +3%) after returning from a long weekend (closed for Mountain Day yesterday). The index now recovered from Monday’s meltdown, but is still 7% below the levels of the July 31 Bank of Japan meeting with set things on fire. The BoJ’s 15 bps rate hike triggered a […]

The post US July Producer Price Inflation Today Serves as Amuse-Bouche Ahead of Consumer Prices Tomorrow appeared first on Action Forex.

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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 […]
12/07/2024

What Would RBNZ Need to See to Start Cutting?

Surprisingly, the RBNZ’s July OCR Review was markedly less hawkish than the May Statement. The RBNZ’s growth forecasts seem to have been significantly downgraded from their May view. The RBNZ crucially seems more confident that annual inflation will be below 3% quite soon, giving them more latitude to reduce policy restriction. The recent QSBO survey […]
16/01/2024

Canadian Dollar Lower Ahead of CPI Data

Canada’s inflation rate expected to rise to 3.4% Inflation expectations for businesses ease The US dollar has posted gains against all of the major currencies on Tuesday. In the European session, USD/CAD is trading at 1.3494, up 0.50%. January hasn’t been kind to the Canadian dollar, which is down 1.8% this month against the greenback […]