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Personal income grew 0.5% month-on-month (m/m) in March, an increase relative to February’s 0.3% gain and in line with market expectations. Accounting for inflation and taxes, real personal disposable income rose 0.2% in March, a recovery from the -0.1% decline in February. Personal consumption expenditures rose by 0.8% m/m for a second consecutive month, above […]

The post U.S. Consumer Spending and Income Rise in March, Inflation Holds Steady  appeared first on Action Forex.

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08/08/2024

Gold (XAU/USD) Recovers Amid Rate Cut Expectations

Gold (XAU/USD) prices have rebounded to 2394 USD per troy ounce, paring previous losses as the likelihood of a US Federal Reserve rate cut increases. Market sentiment is increasingly cautious amid recession fears, influencing stock market dynamics and bolstering the appeal of non-yielding assets like gold. Current market indicators, notably the CME FedWatch tool, suggest […]
16/07/2024

Trump Trade, China Trade, Reflation Trade, AI Trade

There are a few stories developing at the same time: The Trump trade consists of going long Bitcoin and equities (especially gunmakers, oil producers) and short the long term treasuries on expectation of exploding US debt with tax cuts, higher spending and growth supportive Trump policies. The yield on 30-year Treasuries yesterday surpassed the rate […]
23/05/2024

NZ First Impressions: Retail Trade, March Quarter 2024

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