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In focus today In the euro area, we receive industrial production figures for January. It will be interesting to see how actual production fared in January as soft indicators have shown improvements and the global manufacturing cycle has bottomed out. Also, the ECB is set to unveil its new operational framework. In the UK, at […]

The post UK GDP Data and Euro Area Industrial Production Figures on Today’s Menu appeared first on Action Forex.

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30/04/2024

Euro Area Inflation in the Spotlight

In focus today Today, focus is on euro area inflation for April. Inflation has declined significantly in recent months but the underlying momentum in service inflation has picked up. We expect inflation will remain unchanged at 2.4% y/y due to food inflation and rising energy inflation while core inflation should decline to 2.6% y/y. This […]
04/01/2024

New Vigor on Bond Market Curtailed Dollar’s Momentum

Markets The US eco calendar provided first meaningful input for 2024 trading yesterday. Data strengthened the goldilocks scenario of growth stabilizing at a low, but no recessionary, level in combination with a labour market turning less tight and an ongoing disinflationary process. The manufacturing ISM recovered marginally more than expected (47.4 from 46.7), but remains […]
06/11/2024

NZ First Impressions: Labour Market Data, September Quarter 2024

The unemployment rate rose to 4.8% in the September quarter, a smaller than expected rise due to more young people exiting the labour force. Wage growth is moderating broadly as expected. Unemployment rate: 4.8% (prev: 4.6%, Westpac f/c: 5.0%, RBNZ f/c 5.0%) Employment change (quarterly): -0.5% (prev: +0.2%, Westpac f/c: -0.6%, RBNZ f/c -0.4%) Labour costs […]