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In focus today From the US, NFIB’s Small Business Optimism index is due for release for September. Markets focus especially on employers’ perception of labour market conditions. Fed’s Bostic will speak this evening. In Sweden, we receive preliminary inflation figures. We expect CPI, CPIF and CPIF excluding Energy to print 0.2% m/m and 1.6% y/y; […]

The post Swedish CPI Figures in Focus Today appeared first on Action Forex.

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RBA Minutes: Not Enough to Change, but a Shift in Financial Emphasis

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09/05/2024

German Industrial Production Slide Brings Closer ECB’s Rate Cut

German industrial production continues to decline. The rate of contraction in March was slightly better than the average forecasts but maintained the downward trend. The index of industrial production fell by 0.4% in March and by 3.3% y/y, having lost in annual terms for the last ten months. German industrial production peaked at the end […]
04/06/2024

Oil Probably Setting Up for a Repeat of 2020 or 2014

In the middle of last week, WTI crude bounced off resistance in the form of the 200-day moving average and moved closer towards the lower end of the May trading range. Oil is also trading below its 50-day average, which is pointing downwards. All of this is evidence of an intensifying bearish medium and long-term […]
05/04/2024

Cliff Notes: Marking Time

Key insights from the week that was. Beginning in Australia, the RBA March Minutes revealed important developments in the considerations for, and operational framework around, monetary policy. On the former, it appears the RBA Board did not discuss the case for a rate hike in March, focusing solely on the case to remain on hold. […]