Australia monthly CPI was unchanged at 3.4% yoy in February. When stripping out volatile items and holiday travel, the CPI saw a slight deceleration, moving from 4.1% yoy to 3.8% yoy. However, a closer look at the core inflation measure, the annual trimmed mean CPI, reveals a slight uptick from 3.8% yoy to 3.9% yoy, […]
The post Australia’s monthly CPI holds steady at 3.4% in Feb appeared first on Action Forex.
Markets Substantial progress in the trade negotiations with China this weekend in Switzerland as touted by the US administration triggered an impressive reflationary move of global markets. Both US and most other core bond yields Read more…
Daily Pivots: (S1) 194.22; (P) 195.02; (R1) 196.40; More… Intraday bias in GBP/JPY remains on the upside for the moment. Current rise from 184.35 is in progress and break of 195.95 resistance will suggest that Read more…
Daily Pivots: (S1) 163.86; (P) 164.39; (R1) 165.15; More… EUR/JPY’s rally from 154.77 resumed by breaking 164.61 resistance and intraday bias is back on the upside. Further rally should be seen to 166.67 resistance. For Read more…