Logo-color Logo-white

Key insights from the week that was. In Australia, Q2 GDP printed broadly as expected at 0.2%qtr (1.0%yr). The themes of recent quarters were once again on display. The consumer remained weak, a 0.2% decline in Q2 leaving aggregate consumption just 0.5% higher than a year ago at June, and 2.0%yr lower on a per […]

The post Cliff Notes: Consumers on a Tightrope appeared first on Action Forex.

previous

It’s P-Day Today

next

USDCAD Doubts September’s Upturn

Read More

02/08/2024

Canada’s July Employment Report Will Confirm a Weaker Labour Market

The Canadian jobs report for July next Friday is expected to show more softening in the labour market. Employment gains have already slowed substantially into the summer, and we expect July will be no exception with 15,000 new jobs added. Against a still rapidly rising population, the unemployment rate will likely have ticked higher again […]
19/03/2024

Aussie Slides After RBA’s Pause

The Australian dollar is sharply lower on Tuesday. In the European session, AUD/USD is trading at 0.6507, down 0.80%. The Aussie is on a nasty slide and has declined by 1.7% since March 13. RBA removes tightening bias The Reserve Bank of Australia maintained the cash rate at 4.35% for a fourth straight time at […]
14/03/2024

Greenback’s Performance Has Been Lackluster Recently

Markets US Treasuries extended their post-CPI sell-off yesterday in absence of eco data or other news. US yields added 2.8 bps (30-yr) to 5.3 bps (3-yr). The US 2-yr yield is gradually moving back in the direction of the YTD high at 4.74%. Longer tenors show a similar dynamic but there’s some more ground to […]