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Key insights from the week that was. In Australia, the Q4 CPI printed 0.6% (4.1%yr) for headline inflation and 0.8% (4.2%yr) for core trimmed mean inflation, meaningfully lower than the RBA’s forecast of 4.5%yr across both indicators. The detail of the report confirmed disinflation’s pace is faster than expected and it has breadth. Indeed, the […]

The post Cliff Notes: The Promise of Disinflation appeared first on Action Forex.

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31/07/2024

FOMC Rate Decision – Potential Impact on EUR/USD, GBP/USD and Dollar Index

The market anticipates a shift in the Fed’s stance, with three rate cuts now expected in 2024 due to softening economic data. A soft landing remains possible as the labor market cools and inflation shows signs of easing. Technical analysis suggests GBP/USD is consolidating, EUR/USD maintains a bullish structure, and the Dollar Index (DXY) is […]
29/05/2024

USD/JPY: Holds Bullish Bias But Daily Techs Mixed, All Eyes on US Inflation Data

USDJPY attempts to break above near-term narrow range and sustain gains after Tuesday’s marginal close above pivotal Fibo barrier at 157.01 (61.8% of 160.19/151.85 pullback), where attacks repeatedly failed last week. Technical signals are mixed on daily chart as Tenkan-sen crossed above Kijun-sen, but positive momentum is fading and stochastic is about to emerge from […]
25/04/2024

Japanese Yen Hits All-Time Low as BoJ Meeting Commences

The USD/JPY pair reached an all-time high on Thursday, touching the 155.50 level. This development comes as the Bank of Japan (BoJ) starts its two-day monetary policy meeting with widespread expectations that the interest rate will remain unchanged at zero. Investors are keenly watching for any aggressive signals from the BoJ, as further declines in […]