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Key insights from the week that was. Australia’s Q3 National Accounts disappointed expectations with GDP up just 0.3% (0.8%yr) as the gap between public and private demand widened – the latter now stalled for six months. While partly explained by the ‘reallocation’ of electricity spending by households to the government through energy rebates, the majority […]

The post Cliff Notes: Growth Headwinds appeared first on Action Forex.

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04/03/2024

Euro Area Inflation Fell Less Than Expected

In focus today We get the euro zone Sentix Investor Confidence index this morning at 08.30 CET. In China the annual key policy event the ‘Two Sessions’ kicks off today. Focus is on the government’s work report at the National People’s Congress (NPC). The report will among other things include China’s 2024 growth target, which […]
17/08/2024

Week Ahead – Jackson Hole and PMIs Enter the Spotlight

As recession fears ease, investors lock gaze on Jackson Hole Eurozone and UK PMIs to affect ECB and BoE expectations Canadian inflation could back third consecutive BoC cut Japan’s Nationwide CPI data also on the agenda Jackson Hole to test overly dovish Fed cut bets Following the unjustified panic triggered by the weaker-than-expected NFP report […]
28/08/2024

Gold: Long-Term Bullish, Short-Term Correction

The Federal Reserve is widely expected to cut interest rates soon, which has boosted the appeal of gold. However, Daniel Ghali, a Senior Commodity Strategist at TDS, warns that a potential correction in gold prices is becoming more likely. Current investor positioning in gold has reached levels last seen during the pandemic, which often signals […]