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Key insights from the week that was. In Australia, the Monthly CPI Indicator rose to 3.6%yr in April, from 3.5%yr in March and 3.4%yr in January and February. By sub-category, there were various differences relative to expectations which offset one another – a notable increase in prices for clothing and footwear (+4.0%mth) and a pull-forward […]

The post Cliff Notes: In Need of Capacity appeared first on Action Forex.

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07/02/2024

Bitcoin is Looking at Stocks, and That’s Worrisome

Market picture The crypto market remains stable while waiting for further signals. The crypto cap is up 0.4% in 24 hours to $1.64 trillion. Bitcoin is trading at $42.7K – virtually unchanged in 24 hours, just 1.4% lower than a week ago and a 1.8% decrease over 30 days. Don’t think that the first cryptocurrency […]
29/07/2024

Asian Equity Markets Kick Off the week in Good Spirits

Markets Core bonds finished higher last Friday. US Treasury yields were unable to build on Thursday’s Q2 GDP intraday rebound. The release of some economic data including personal income & spending and June PCE deflators wouldn’t call for a net daily yield decline between 3.1 and 5.6 bps but yet that’s exactly what happened. It […]
07/06/2024

Euro Shrugs as ECB Lowers Rates to 3.75%

The euro is drifting on Friday. EUR/USD is trading at 1.0892 in the European session, up 0.04% on the day. We could see some movement from the euro in the North American session, with the release of US nonfarm payrolls. ECB cuts, but no commitments to continue The ECB pressed the rate-cut trigger on Thursday […]