Logo-color Logo-white

Headline CPI inflation edged lower in April to 2.7% year-on-year (y/y), matching expectations. The broad-based deceleration was led by food prices, services and durable goods. However, higher prices at the pump in April worked against the cooling in inflation. Gasoline prices were up 6.1% versus a year ago, up from 4.5% in March. But it […]

The post Canada: Inflation Cools Further in April appeared first on Action Forex.

previous

NZD/USD Steady Ahead of RBNZ Rate Announcement

next

How Will Eurozone PMIs Impact ECB Expectations?

Read More

02/05/2024

US: Manufacturing Slips Back into Contraction in April, But Price Pressures Pick Up

The ISM Manufacturing Index slipped back into contractionary territory in April, dipping to 49.2, from 50.3 in March. Even so, 9 of 16 industries reported growth in April – the same as in March. Demand softness was reflected by the new orders and new export orders sub-indices both flipping back into contraction, after pointing to […]
13/02/2024

Brent Crude Prices Edge Higher Amid Middle East Tensions

Brent crude oil prices are currently hovering around $82.00 per barrel this Monday, with market sentiment influenced by recent developments in the Middle East. Although concerns over disruptions to energy supplies from the region have somewhat subsided, the possibility of supply disturbances continues to support oil prices. The rejection of a ceasefire offer by Israel […]
14/03/2024

Crude Oil Prices Rise as Ukraine Hits Russian Refineries

Direction was mixed yesterday, as Tuesday’s hotter-than-expected US CPI print gave cold feet to investors regarding the Federal Reserve’s (Fed) ability to cut interest rates as soon as in June. The S&P 500 and Nasdaq consolidated near record, energy stocks helped tempering losses in the S&P500 as technology stocks traded down. The dollar index rebounded […]