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This week’s data showed continued growth in the US and euro area in Q3, with the US GDP rising 2.8% q/q SAAR and euro area GDP increasing 0.4% q/q, surpassing expectations. Growth in the euro area was influenced by the Olympics in France and a revision of Germany’s Q2 GDP. Without these factors, growth in […]

The post Weekly Focus – All Eyes on US Election and Central Banks appeared first on Action Forex.

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29/05/2024

Australian Dollar Hits 0.6650 Amid Mixed Economic Signals

The AUD/USD pair rose to 0.6650 on Wednesday following the release of Australian economic data. Australia’s consumer price index (CPI) accelerated to 3.6% year-on-year in April, up from 3.5% in March. This slight increase in inflation could prompt questions about the Reserve Bank of Australia’s (RBA) future interest rate decisions. Despite the uptick in inflation, […]
27/01/2024

Will Fed Push Back Against Imminent Rate Cuts?

Investors scale back bets of a March Fed rate cut US economic data since December point to improvement Focus turns to Fed meeting for clearer guidance on interest rates Decision on Wednesday at 19:00 GMT, press conference at 19:30 To cut in March or not to cut? There has been a notable repricing regarding the […]
14/12/2023

Sunset Market Commentary

Markets No surprise from the ECB today as the central bank kept its deposit rate unchanged at 4%. While inflation has dropped in recent months, it is likely to pick up again temporarily in the near term. New staff projections show downward revisions to inflation forecasts this (5.4% from 5.6%) and next (2.7% from 3.2%) […]