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Weak household income is being masked by an expansion in non-market care economy. The implications for productivity are often misunderstood, meaning the end of that transition could come as a shock to some. Australian households have been hit by the largest real income shock since the Great Depression. And, although tax cuts and declining inflation […]

The post The Care Economy Slow Lane appeared first on Action Forex.

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17/05/2024

Week Ahead – Flash PMIs, UK & Japan CPIs in Focus; RBNZ to Hold Rates

After cool US CPI, attention shifts to UK and Japanese inflation Flash PMIs will be watched too amid signs of a rebound in Europe Fed to stay in the spotlight as plethora of speakers, minutes on tap No fireworks expected from RBNZ policy decision Will CPI report bring BoC nearer to a rate cut? Inflation […]
20/12/2024

Canada: Retail Sales Enter Holiday Season on a Solid Footing

Retail sales rose by a solid 0.6% month-over-month (m/m) in October, slightly below Statistics Canada’s advance estimate of 0.7% m/m. In real terms, however, sales were unchanged. Sales at motor vehicle and parts dealers accelerated by 2.0% m/m, reversing September’s losses. Ex-autos, sales were up 0.1% m/m, falling short of the consensus expectation of 0.4% […]
10/07/2024

Elliott Wave Intraday Analysis on Silver (XAGUSD) Looking for Dips to Find Support

Short Term Elliott Wave View in Silver (XAGUSD) suggests that pullback to 28.58 ended wave (4). The metal has turned higher again in wave (5) as the 1 hour chart below shows. It still needs to break above the previous wave (3) peak at 32.51 to rule out a larger double correction. Up from wave […]