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Households are cutting consumption in a textbook response to higher interest rates. This, and a likely future of inflationary supply shocks, warrants a more coherent design to fiscal and monetary policy frameworks. This week saw the RBA Board minutes observe that many households have been pulling back on spending even when their incomes have not […]

The post Hand in Hand is the Surer Way to Land appeared first on Action Forex.

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USD/JPY Steady as Japanese PMIs Mixed

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Cliff Notes: Consumers and Central Banks Seek Confidence

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27/08/2024

Interest Rate Markets Looking for New Short-Term Equilibrium

Markets Interest rate markets were looking for a new short-term equilibrium for the post-Jackson Hole era yesterday. Early in the session, yields tried to build on Friday’s decline as Fed Chair Powel officially rubberstamped the start of a genuine rate cut cycle in September while leaving all options open on the pace of easing. However, […]
29/03/2024

GBP/USD: Cable Moves Within Extended Range Ahead of Key US Data

Cable remains in extended sideways mode, with a narrow range on holiday-thinned markets on Good Friday. Near-term action is ranging between 200DMA (1.2588) and thin daily cloud (spanned between 1.2634 and 1.2663), with predominantly bearish daily studies keeping the downside at risk, although the pair is still looking for stronger direction signal. Markets await release […]
31/05/2024

Weekly Focus – Strong Euro Area Inflation in May

The main release this week was euro area inflation from May. Inflation rose to 2.6% y/y from 2.4% in April, which was above expectations of 2.5%. The increase in inflation was due to core inflation rising to 2.9% y/y from 2.7% on the back of very strong services inflation. Overall, the inflation in May confirmed […]