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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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17/09/2024

News of the Week (September 16— September 20): GBPUSD in Focus

GBPUSD poised for a breakout—traders should stay alert! The GBPUSD pair, commonly known as “cable” among traders, reflects the exchange rate between the British pound and the US dollar. Economic conditions heavily influence the pair in both the UK and the US. The Pound usually depends on UK interest rate decisions, inflation data, and overall […]
26/10/2024

No Growth in Canadian GDP for August Extends Historic Per Capita Underperformance

The Canadian gross domestic product report for August on Thursday will likely reveal more softness in the economy with no growth in line with Statistics Canada’s preliminary estimate a month ago and down from 0.2% growth in July. A slowdown will be seen in both goods and services. The manufacturing sector likely saw a decline […]
09/11/2024

Markets Weekly Outlook – Attention Shifts Back to Data, US CPI in Focus

Trump’s clean sweep saw a significant rise in the US Dollar and Yields. Can it continue? Data in focus next week, US CPI data is due with potential implications for Federal Reserve policy and interest rate decisions. US Dollar Index (DXY) breaks above key level of 105.00. Where to next for the Greenback? Week in […]