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Personal income grew 0.3% month-on-month (m/m) in November, a deceleration relative to October’s outsized 0.7% gain. Personal income is 5.3% higher than 12 months ago, well above the pace of inflation. Accounting for inflation and taxes, real personal disposable income grew 0.2% m/m, slower than the 0.5% pace in the prior month. Spending remained robust, […]

The post U.S. Personal Income Growth Continues, While Spending Picks Up Pace in November appeared first on Action Forex.

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13/09/2024

US Treasuries Rally Overnight With Front End of the Curve Outperforming.

Markets The ECB cut its deposit rate by 25 bps to 3.5% while narrowing the gap between the deposit rate and the main refinancing rate from 50 bps to 15 bps as flagged in March. New growth and inflation forecasts barely changed from June. The ECB plots the same 2.5%-2.2%-1.9% average inflation path for the […]
10/12/2024

Expect More Sentiment-Driven Trading Today

Markets The Chinese Politburo’s directive changed risk sentiment at the start of European trading from slightly risk-off because of developments in Syria to mildly risk-on given the firm commitment to support the ailing economy. Extraordinary countercyclical fiscal measures will be complemented by a “moderately loose” monetary policy stance (“prudent” since 2011) with a firm commitment […]
31/01/2024

USDCAD Slides But Finds Support at Around 1.3410

USDCAD retreats but meets support at 1.3410 Both the daily oscillators paint a mixed picture For the picture to brighten, a break above 1.3535 may be needed USDCAD slid in the last few days after hitting resistance once again at around 1.3535. That said, the retreat stopped near the 1.3410 barrier, keeping the pair above […]