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Key insights from the week that was. Q3 GDP for Australia surprised to the downside, printing 0.2% (2.1%yr). Relative to expectations, the key disappointment in the quarter was consumer spending, unchanged in Q3 after just a 0.1% gain in Q2. Per capita consumption growth is in the realm of –2.0%yr, second only to the GFC […]

The post Cliff Notes: Policy’s Effect Being Felt appeared first on Action Forex.

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03/01/2024

Risk Rally on Pause, Dollar Rebounds as NFP Report Awaited

December jobs report not expected to upset markets Any slowdown in hiring could reinforce rate cut bets But dollar bulls anticipating a different outcome on Friday, 13:30 GMT Markets vs the Fed The soft landing narrative completely took hold of the market towards the end of 2023, spurring a risk rally that pushed Treasury yields […]
16/01/2024

USDJPY on the Rise Again

USDJPY tries to switch medium-term outlook to bullish Prices hold within Fibonacci levels Technical signals are positive USDJPY is looking to resume its bullish trend, having softly pivoted near the 50.0% Fibonacci retracement level of the down leg from 151.90 to 140.20 at 146.07. To attract new buyers, the bulls will have to surpass the […]
12/04/2024

ECB Review: The Direction is Clear

Today, the ECB decided to leave policy rates unchanged as unanimously expected. A rate cut looks set to come in June, subject to further confidence on the three criteria that have guided ECB policy making through the past year. The next to no new policy signals left markets largely unchanged. Limited new signals The ECB […]