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Investors panicked after NFP report But incoming data eased fears and rate cut bets Still, market pricing remains overly dovish Focus turns to US CPI on Wednesday and retail sales on Thursday, at 12:30 GMT Latest data ease recession fears Following the weaker-than-expected US employment report for July, market participants entered panic mode as recession […]

The post US CPI and Retail Sales Data to Test Fed Rate Cut Bets appeared first on Action Forex.

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Australian Dollar Gains Ground, Eyes Wage Growth

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New Zealand Dollar Higher, Focus on RBNZ

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15/03/2024

Weekly Focus – Will SNB Lead the Way in Cutting Cycle?

US inflation data was the centre of attention this week for financial markets, as price pressures remain elevated. Monthly core CPI inflation of 0.4% for the second consecutive month is too high for the Fed as strong wage growth pushes service prices higher at an annualised 7% pace. Markets zigzagged somewhat on the release but […]
20/12/2023

Soft Inflation Has Pressed the Pound, But Hardly the BoE

Britain’s impressive slowdown in inflation has increased speculation around a rate cut next year. The headline consumer price index lost 0.2% in November, and the annual rate slowed from 4.6% to 3.9% – impressively below the expected 4.3%. Inflation excluding food and energy slowed from 5.7% to 5.1%, versus an expected 5.6%. This is the […]
17/07/2024

Market Analysis: AUD/USD and NZD/USD Poised For Fresh Gains

AUD/USD is attempting a fresh increase from the 0.6715 support. NZD/USD is also rising and could target the 0.6090 resistance. Important Takeaways for AUD/USD and NZD/USD Analysis Today The Aussie Dollar found support at 0.6715 and recovered higher against the US Dollar. There is a major bearish trend line forming with resistance at 0.6740 on […]