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Support from the world’s major central banks, and the dovish expectations continue to rise this week. After lowering its 14-day reverse repo rate yesterday, the People’s Bank of China (PBoC) announced today that it will lower its 7-day reverse repo rate from 1.7% to 1.5% and its reserve rate – the amount of money that […]

The post China Gets Serious About Boosting Growth appeared first on Action Forex.

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31/05/2024

U.S. Consumer Spending and Income Slow in April

Personal income slowed to 0.3% month-on-month (m/m) in April, down from March’s 0.5% gain, but in line with market expectations . Accounting for inflation and taxes, real personal disposable income declined -0.1% m/m in April, reversing all of last month’s gain. Personal consumption expenditures rose by 0.2% m/m. This is lower than the revised 0.7% […]
27/09/2024

Canada’s Economy Advanced in July, Growth Stalled in August

The Canadian economy grew by 0.2% month-on-month (m/m) in July after June’s flat reading. This print landed ahead of Statistics Canada’s advanced guidance and consensus expectations. Early guidance from Statistics Canada points to no growth in August. May’s reading was broad-based, with output expanding in 13 of 20 industries. Growth in services-producing industries (0.2% m/m) […]
08/10/2024

Australian Dollar Lower, RBA Keeps Options Open

The Australian dollar has extended its losses for a sixth straight day and is down 2.5% during that period. In the European session, AUD/USD is trading at 0.6736, down 0.29%. RBA minutes: Board considered scenarios for raising and lowering rates The Reserve Bank of Australia released the minutes of its September meeting on Tuesday. The […]