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Key insights from the week that was. In Australia, the Q3 CPI reported a 0.2% (2.8%yr) increase in headline inflation and a 0.8% (3.5%yr) lift in underlying trimmed mean inflation, both of which broadly met expectations. The impact of rebates was apparent in the headline detail, a –17.3% fall in electricity prices in Q3 the […]

The post Cliff Notes: A Step Behind, But With Goal in Sight appeared first on Action Forex.

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Oil: Bullish Impulse Expected

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09/12/2023

Fed Preview: Low-Key Optimism

Fed Preview: Low-Key Optimism We do not anticipate the Fed to make changes to its monetary policy in the December meeting, in line with broad consensus and market expectations. Focus will be on the updated economic projections, where the 2024 ‘dot’ could be revised slightly lower, yet still above market pricing. Growth forecasts could be […]
09/12/2024

Gold Outlook: Price Rises on Geopolitics/Fresh Purchases from China

Gold price edged higher in early Monday trading following a $10 gap-higher opening, lifted by heated geopolitical situation and fresh demand. Traders shifted into safer mode after Syrian rebels seized capital Damascus and took control over the country, with growing uncertainty about the near future, supporting gold price. Another key driver of the yellow metal […]
30/05/2024

In the Spotlight: US Inflation and GDP Data

In the final trading sessions of May, leading currencies have been in a downward trend against the dollar. For instance, the pound/dollar pair lost over 100 pips in a single day, euro sellers in the EUR/USD pair are testing 1.0800, and the USD/CAD pair might update its May high around 1.3760. USD/CAD The rise in […]