Logo-color Logo-white

Markets Yields this morning cautiously continued the downtrend after Powell’s rather mild assessment at the press conference on Wednesday. The Fed chair indicated that, despite disinflation making little progress of late, keeping the policy rate a while longer at current level will likely still suffice to return inflation to target over time. An unexpected and […]

The post Sunset Market Commentary appeared first on Action Forex.

previous

USD/JPY Calm Ahead of US Nonfarm Payrolls

next

Could BoE Adopt a More Dovish Stance on Thursday?

Read More

21/03/2024

First Impressions: NZ GDP, December quarter 2023

GDP contracted by 0.1% in the December quarter, slightly softer than Westpac and RBNZ estimates. Key results Quarterly change: -0.1% (last: -0.3%, Westpac f/c: 0.0%, market f/c: 0.1%, RBNZ 0.0%) Annual change: -0.3% (Last -0.6%, Westpac f/c 0.0%, RBNZ 0.0%) Annual average change: +0.6% (Last: +1.3%) The New Zealand economy was broadly flat over the […]
06/12/2023

USDCAD Slows Down Before BoC Rate Decision

USDCAD halts near last week’s limits Bias remains skewed to the downside BoC policy announcement awaited USDCAD opened with mild losses on Wednesday after Tuesday’s remarkable rally stalled near last week’s resistance of 1.3593. Traders were also in a wait-and-see mode ahead of the Bank of Canada’s rate decision at 15:00 GMT. The 1.3593 bar […]
29/05/2024

Australia: April Monthly CPI Indicator First Impressions

Stronger clothing prices, and a surprise inclusion of health insurance premium increases, offset the suppression of power bills by Tasmanian electricity rebates. The Monthly CPI Indicator gained 3.6% in the year to April compared to 3.5%yr in March and 3.4%yr in both February and January. The April print was slightly stronger than Westpac’s forecast of […]