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In focus today The most important data release today will be the US November Personal Consumption Expenditures (PCE). Consensus expects Core PCE inflation to have remained steady in m/m SA terms at +0.2%. Earlier CPI and retail sales data hinted that private consumption has likely continued growing modestly even in real terms. November durable goods […]

The post USD Weakness Continues Ahead of Holidays appeared first on Action Forex.

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24/05/2024

Gold Price Drops Over 3.6% in 2 Days

The price of gold has fallen by more than 3.6% over 2 days, as indicated by today’s XAU/USD chart. The day before yesterday, at the opening of the daily candle, the price of gold was $2421 per ounce, and yesterday at the close it was $2331. This can be explained by market participants expecting higher […]
31/05/2024

The Grumpy Hawk and Other Scenarios

Current slow growth should start to pick up in the second half of 2024 as the factors weighing on household incomes ease. Scenarios that could send things off track include geopolitics, sticky domestic inflation and ongoing consumer weakness. Growth in economic activity is expected to be soft in the first half of 2024, driven by […]
12/03/2024

Sunset Market Commentary

Markets Sticky. There’s no better way to describe today’s US CPI print. Headline and core inflation rose by 0.4% M/M in February. Both are in line with forecast, given that core CPI actually increased by 0.358% (vs 0.3% forecast). Annual readings increased for the top figure (3.2% Y/Y from 3.1% Y/Y) and fell slightly less […]