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U.S. inflation numbers will be closely watched by policymakers on Wednesday for any further signs that resilient growth domestic product and consumer spending is putting a floor under price growth. U.S. GDP growth in Q3 was strong and a jump in auto sales in October means Friday’s retail sales report should show another increase early […]

The post U.S. Inflation Still Running Above Fed’s Target in October appeared first on Action Forex.

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12/01/2024

Sunset Market Commentary

Markets The US/UK air strikes against Houthi targets in Yemen retaliating for shipping attacks in the Red Sea dominated media, but their market impact remained rather limited for now. The biggest move came on the oil market with Brent crude rising from $77/b before the first strikes to as high as $80.5/b. Traditional risk-related mechanisms […]
09/01/2024

U.K. Slowdown Could Hasten BoE Easing, But By How Much?

Summary The U.K. economic environment remains challenging, with Q3 GDP contracting slightly and the fourth quarter starting on a subdued note. Even with some improvement in consumer fundamentals and sentiment surveys, we believe a mild technical recession for the U.K. remains more likely than not. Stubborn persistence in U.K. price and wage inflation has started […]
23/09/2024

Sunset Market Commentary

Markets Its going from bad to worse with the EMU economy. According to the Flash PMI, activity contracted in September for the first time since February. The headline composite index slipped from 51 to 48.9 , substantially below the 50.5 expected. Germany fell further in contraction territory (47.2 from 48.4). Activity in France is deflating […]