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Australia has been later to the inflation surge and disinflation than peer economies. So the RBA will be later than its peers to cut rates, too. Central banks can move policy according to domestic needs rather than be led by the Fed. Exchange rates are likely to respond. The world is entering 2024 with global […]

The post The Beats of Their Own Drums appeared first on Action Forex.

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21/08/2024

US Dollar Extends Losses, Gold Shines

There was no major news on the wire to trigger the minor selloff in global equities, so it was nothing else than a correction after a long rally following an ugly meltdown. As such, the S&P500 and Nasdaq were slightly down, by around 0.20% each, the European Stoxx 600 retreated 0.47%, while the Nikkei gave […]
24/04/2024

Slow Grind on Disinflation, RBA on Hold

Inflation was a bit higher than expected in the March quarter. It is declining, but it has a way to go for the RBA to be confident of returning to the 2–3% target range on the desired timetable. We expect the Board to keep rates on hold in May, and have pushed out the date […]
15/03/2024

Weekly Focus – Will SNB Lead the Way in Cutting Cycle?

US inflation data was the centre of attention this week for financial markets, as price pressures remain elevated. Monthly core CPI inflation of 0.4% for the second consecutive month is too high for the Fed as strong wage growth pushes service prices higher at an annualised 7% pace. Markets zigzagged somewhat on the release but […]