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U.S. Highlights Progress on the inflation front appears to have stalled at the end of the third quarter, as core CPI inflation ticked up, albeit modestly, by 0.1 percentage point to 3.3% year-on-year in September. Initial jobless claims surged higher by last week, as states affected by Hurricane Helene (FL, NC) and the ongoing Boeing […]

The post The Weekly Bottom Line: Rates to Fall, But Not So Fast appeared first on Action Forex.

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13/12/2024

RBA’s Big Pivot and Head Fakes Ahead

The RBA’s language change this week revealed a change in thinking driven by shifts in the data. But some data surprises might just be head fakes. Something happened between 28 November and 9 December to shift the RBA’s thinking. The first of these dates marked a speech by Governor Bullock that can only be described […]
30/08/2024

USDCAD Rises From Almost 6-Month Low

USDCAD changes the outlook to bearish after the fall below 1.3600 Stochastic ticks up but RSI still holds near 30 zone USDCAD is recouping some losses after the strong selling interest that started from the penetration of the 1.3600 round number and the 200-day simple moving average (SMA). The pair found support near the 1.3440 […]
18/06/2024

GBP/USD Eyes UK Inflation

The British pound has edged lower on Tuesday. GBP/USD is trading at 1.2683 in the European session at the time of writing, down 0.16% on the day. There are no UK events on Tuesday, while the US releases retail sales. On Wednesday, we’ll get a look at UK inflation for May. US retail sales expected […]