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Although momentum in domestic demand has turned out a bit weaker than the RBA expected, in September the RBA contemplated scenarios warranting both tighter and looser financial conditions. The RBA minutes for the September 2024 Board meeting were less hawkish about supply potential than the August minutes. However, we detect an increasing emphasis on assessments […]

The post RBA Minutes: Not Enough to Change, but a Shift in Financial Emphasis appeared first on Action Forex.

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29/12/2023

EUR/USD Steady as Spanish CPI Lower than Expected

Spanish CPI lower than expected at 3.1% Chicago PMI expected to decelerate to 51.0 The euro is calm in Friday trade. In the European session, EUR/USD is trading at 1.1053, down 0.08%. Spanish CPI dips to 3.1% Spain released the December inflation report today, with CPI dipping to 3.1% y/y, down from 3.2% in November. […]
06/12/2023

Nasdaq – How Sustainable is the Stock Market Rally? PMIs a Positive Surprise

Are interest rate expectations too optimistic? PMI revisions positive but the outlook is broadly unchanged NAS100 nears all-time highs Equity markets in Europe and the US continued to edge higher on Tuesday despite many now questioning whether investors are getting too carried away. The rally appears to be based on the view that central banks […]
15/07/2024

A Clearer Shape of a Long-Term Dollar Decline

While Trump’s rise to power is widely seen as a positive for the dollar, the dollar index hit a one-month low on Monday as it continues to rebound from the Fed’s latest softening tone and inflation slowdown. The impact of Trump’s policies on the dollar is largely based on the experience of his previous presidential […]