Inflation in the June quarter was in line with our expectations, and a shade below on some key measures. With the disinflation on track, we affirm our view that rates are on hold until November and likely to decline from then. Inflation in the June quarter was broadly in line with our expectations, and a […]
The post Inflation Decline On Track, RBA Can Soon Relax appeared first on Action Forex.
Markets November US CPI data came in bang in line with consensus. Monthly growth of 0.3% for both the headline and the core series resulted in annual readings of respectively 2.7% (from 2.6%) and 3.3% Read more…
Daily Pivots: (S1) 0.8221; (P) 0.8236; (R1) 0.8248; More… EUR/GBP’s down trend is still in progress and intraday bias stays on the downside for 0.8201 key support. Strong support could be seen there to bring Read more…
Australian Dollar staged an impressive rebound today, driven by robust employment data that surprised markets and cast doubt on the likelihood of a February rate cut by RBA. The stronger-than-expected labor market performance challenges the Read more…