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From debt ratios to interest rates to unemployment, simple averages of the past are often not a good guide to where things are headed. One of the frustrations of the post-GFC period was the way some people (and international agencies) assumed that historical averages of key ratios like housing prices or debt to income defined […]

The post What’s Normal, Anyway? appeared first on Action Forex.

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31/05/2024

Inflation, Inflation, Inflation

In focus today Focus today turns to euro area inflation for May which is due 11.00 CET. After German and Spanish headline HICP came in slightly stronger than consensus, we see slight risks of a topside surprise to the euro area headline HICP consensus of 2.5% y/y. We expect headline HICP to print 2.5-2.6% y/y. […]
23/10/2024

Gold (XAU/USD), Silver (XAG/USD) Print Fresh Highs as the DXY Eyes 105.00

Gold and Silver prices reach new highs amidst a rising US Dollar, driven by global uncertainties and a potential Trump Presidency. Silver’s demand/supply dynamics bode well for further gains. The US Dollar Index (DXY) strengthens due to positive economic data and fading rate cut expectations, with a potential rise to 105.00. Gold prices have smashed […]
05/03/2024

WTI Oil Price Reaches 4-month High Against the Backdrop of OPEC+ Decision

On Friday, the price of a barrel of WTI crude oil exceeded USD 80 per barrel due to the decision to continue the policy of reducing oil production by OPEC+ countries. Saudi Arabia said on Sunday it would extend oil production cuts until June to “maintain stability and balance in oil markets,” an official statement […]