Logo-color Logo-white

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.

previous

Soft US CPI Boosts Reflation Trade

next

XAU/USD: Gold May Rally Further After US CPI Data Boosted Bets for September Fed Rate Cut

Read More

26/01/2024

EURCAD Wave Analysis

EURCAD reversed from resistance level 1.4720 Likely to fall to support level 1.4570 EURCAD currency pair recently reversed down once again from the key resistance level 1.4720 (upper boundary of the sideways price range inside which the pair has been trading from December). The resistance level 1.4720 was strengthened by the upper daily Bollinger Band […]
23/10/2024

Bank of Canada Accelerates Rate Cuts, Points to Greater Confidence in Inflation

The Bank of Canada (BoC) cut its overnight rate by 50 basis points, to 3.75%, while stating that it will continue with normalizing its balance sheet. With inflation having “declined significantly” over the last few months, the bank said it “expects inflation to remain close to the target over the projection horizon.” Notably in the […]
20/06/2024

USD/CHF Outlook: SNB’s 0.25% Rate Cut Deflates Swiss Franc

USDCHF jumped around 0.7% on Thursday after the SNB delivered another 25 basis points rate cut, lowering interest rate from 1.5% to 1.25%. The central bank argued its decision by the fact that inflation continues to fall, and economic growth picks up. Fresh strength is improving the picture on daily chart on initial signal of […]