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Key insights from the week that was. In Australia, Westpac-MI Consumer Sentiment is still yet to show any material signs of recovery. In May, the headline index remained locked in deeply pessimistic territory, moving 0.3% lower to 82.2. The latest update captured consumer reactions to the Federal Budget, which included a number of cost-of-living relief […]

The post Cliff Notes: Consumers and Central Banks Seek Confidence appeared first on Action Forex.

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Japanese Inflation Falling Towards BoJ 2% Inflation Target

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21/05/2024

EURJPY Wave Analysis

EURJPY broke resistance level 169.40 Likely to rise to resistance level 171.00 EURJPY is currency under the bullish pressure after the recent breakout of the minor resistance level 169.40, which reversed the price last week. The breakout of the resistance level 169.40 accelerated the active impulse wave iii, which belongs to the higher order impulse […]
04/09/2024

Research US: Soft Landing Still in Sight

Economic growth is slowing mostly in line with our expectations, but we think recession risks remain low. We make only marginal adjustments to our forecast profile and see 2024 GDP growth at 2.5% (from 2.3%) and 2025 at 1.5% (unchanged). Potential output continues to grow at a brisk pace, supported by increases in labour supply, […]
03/01/2024

US DJIA Technical: Uptrend Intact With Looming Outperformance Over Nasdaq 100

Nasdaq 100 outperformance over the Dow Jones Industrial Average (DJIA) since the start of the major uptrend phase has started to dissipate. A bullish rotation into the laggard, DJIA is considered a sign of a positive breadth development for the US stock market. Watch the key short-term support at 37,470. Since our last analysis, the […]