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Data revisions have partly undercut the RBA’s narrative of lower aggregate supply than expected. The RBA will need to skate to where the labour market is going to go, not where it used to be. Recent events have not materially changed our view about the outlook for the Australian economy. Recent communication from the RBA […]

The post Skating to Where the Puck Used to Be appeared first on Action Forex.

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Cliff Notes: Labour Market Critical to the Medium-Term Outlook

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20/08/2024

As Crypto Market Tests Resistance, Solana Eyes Support

The cryptocurrency market is once again testing the important $2.15 trillion milestone, adding almost 4% in the last 24 hours. Selling pressure has been building near this level since early August. Now, thanks to the impressive recovery in stock indices, cryptocurrency buyers may feel more confident. Bitcoin, having added 3.2% since the start of the […]
13/12/2023

UK Needs Lower Rates and a Weaker Currency

A series of macro statistics continue to be published to help build a picture of the economy ahead of the Bank of England’s final decision on Thursday. The economy is reported to have lost 0.3% for October, pulling back in volume to July levels. This is a wake-up call from industrial production and construction, which […]
15/02/2024

GBP/JPY – Eases From Fighs After Weaker UK Inflation Data

UK inflation unchanged in January Markets expect BoE rate cut in Q2 GBPJPY pares gains after hitting 8.5 year high UK inflation data this morning will have been a welcome surprise for the Bank of England but there’s still a long way to go. Unfavorable base effects were expected to lift headline and core CPI […]