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Markets The UK Office for National Statistics published September labour market data this morning. They continue to struggle with mixed results coming from estimates for payrolled employees and estimates based on the labour force survey. Payrolled employees fell by 9k over the period comparable with the LFS estimates (July-September) which showed a 220k increase in […]

The post Sunset Market Commentary appeared first on Action Forex.

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Australia: Wage Inflation Moderating as Expected

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24/04/2024

AUD/USD Rises Sharply on Inflation News

  The Consumer Price Index for Australia was released this morning. According to ForexFactory: → CPI in quarterly terms: actual = 1.0%, expected = 0.8%, previous value = 0.6%; → CPI in annual terms: actual = 3.5%, expected = 3.4%, previous value = 3.4%. Rising inflation figures suggest that the Reserve Bank of Australia’s tight […]
04/04/2024

Bitcoin Price At Risk of More Downsides Below $65K

Key Highlights Bitcoin price started a fresh decline below $69,000 and $68,000. BTC traded below a key bullish trend line with support at $68,350 on the 4-hour chart. Crude oil price rallied further above $85.00. Gold price also climbed higher toward the $2,300 level. Bitcoin Price Technical Analysis Bitcoin price failed to stay above $70,000 […]
03/05/2024

Cliff Notes: Confidence Over Inflation Requires More Time

Key insights from the week that was. In Australia, partial updates on consumption came in on the softer side. Growth in nominal retail sales turned negative in March, down –0.4% (0.8%yr), the decline broad-based across sectors, with food retailing the only segment to record a gain. Downward revisions to prior months also weighed on Q1’s […]