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Key insights from the week that was. The July Westpac-MI Consumer Sentiment Survey confirmed that households remain downbeat, with the headline index falling 1.1% to 82.7. The latest update continues to speak to a challenging context, characterised by a resurgence in anxiety over inflation and fears over further interest rate increases. Indeed, Westpac-MI Mortgage Rate […]

The post Cliff Notes: Shifting Risks and Rhetoric appeared first on Action Forex.

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29/11/2024

EURGBP Seeks Protection Near 0.8300

EURGBP gets rejected near SMAs; technical signals are negative There might be an opportunity for a rebound near 0.8300 Eurozone publishes CPI inflation data at 10:00 GMT EURGBP experienced another failure near its 20- and 50-day simple moving averages (SMAs) earlier this week, increasing concerns that the bad days are not over yet. With the price resuming […]
03/04/2024

All Eyes on Euro Area Inflation

In focus today In the US, March ADP private sector employment and ISM Services are due for release. Yesterday’s labour market data supported the notion of labour markets gradually becoming more balanced. Hence, it will be interesting to see if today’s data corroborates this view. In the euro area, today’s focus is on euro area […]
15/05/2024

Sunset Market Commentary

Markets Counting down to the key US CPI release, markets clearly positioned for an outcome that kept the door open for a Fed rate cut post summer holidays. US yields already declined about 2.0-3.5 bps in the run-up to the data release. US inflation indeed printed on the softer side of expectations. Headline inflation eased […]