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Canadian consumer price index growth is expected to have eased slightly in November after picking up in October, which is consistent with a persistently softening economy that’s left broader inflation pressures tracking at or below the Bank of Canada’s 2% target. We expect headline inflation to have eased to 1.9% in November. Price growth in […]

The post Canadian Inflation Likely Headed Lower, U.S. Fed to Cut by 25 bps appeared first on Action Forex.

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15/05/2024

Can Australian Labour Data Send Aussie Higher?

Forecasts suggest higher unemployment rate Employment change expected to tick higher Aussie holds within trading range, data due on Thursday at 01:30 GMT Upon being dissatisfied with the RBA’s choice to adopt a neutral position, Australian dollar traders will now redirect their attention towards Thursday’s employment report. While the Bank officials maintained their stance at their decision last week, further increases […]
24/09/2024

RBA on Gold, Seeking Sustainable Disinflation

RBA remains on hold at 4.35% as expected. The Board remains vigilant to upside risks to inflation and wants to return it to target sustainably, not just briefly. As expected, the RBA remained on hold at its September meeting, with the cash rate target kept at 4.35%. The media statement was broadly unchanged in tone; […]
13/12/2024

Cliff Notes: The Detail Matters

Key insights from the week that was. While the RBA’s decision to leave the cash rate unchanged at 4.35% was widely anticipated, there were noteworthy shifts in language in the decision statement. Most poignant was the removal of the “not ruling anything in or out” guidance that stood in place for the much of this […]