Follow the latest analyses and key economic, financial, and global market news in this section. Our team reviews the most important market events daily and provides comprehensive insights for traders and enthusiasts.
Australian consumer sentiment dropped -3.5% mom to 92.1 in October, according to the Westpac-Melbourne Institute survey, erasing all gains seen between May and August when rate cuts briefly lifted confidence. The index has returned to “firmly pessimistic” territory, signaling renewed caution among households. Westpac said consumers were unsettled by recent inflation updates, with partial indicators […]
The post Australia Westpac consumer sentiment slumps to firmly pessimistic level, RBA November cut not assured appeared first on Action Forex.
The New Zealand Institute of Economic Research maintained its forecast for two additional 25bps cuts by the RBNZ at the October and November meetings, despite a mild uptick in inflation pressures during Q3. In its latest Quarterly Survey of Business Opinion (QSBO), NZIER said a net 11% of firms raised prices, compared with 1% reporting […]
The post NZIER sees two more RBNZ cuts despite signs of inflation pick-up appeared first on Action Forex.
At an event overnight, Kansas City Fed President Jeff Schmid warned that price increases have become “more widespread”, with 80% of inflation categories rising, compared with 70% earlier this year. He called the trend “worrying,” indicating that underlying inflation pressures remain entrenched. Schmid said he sees a “relatively muted effect” from tariffs on inflation, but […]
The post Fed’s Schmid warns inflation broadening, despite muted tariff effects appeared first on Action Forex.
ECB President Christine Lagarde told a European Parliament’s committee that the Eurozone’s “disinflationary process is over”, with inflation now hovering around 2% and expected to remain near target over the medium term. She said this backdrop justified the Governing Council’s recent decision to keep interest rates unchanged. Lagarde noted that risks to economic growth have […]
The post ECB’s Lagarde: Disinflation over, range of risks narrow appeared first on Action Forex.
Hello traders and welcome to a new blog post. In this one the spotlight will be on the EURNZD currency pair. This pair has been in a long-term bullish sequence since February 2017. Thus, it makes for an interesting instrument to add to the watch list. Is a setup imminent? EURNZD continues to rise in […]
The post EURNZD Analysis: Bullish Sequence Targets Further Rally From Lows appeared first on Action Forex.
Oil prices have risen at the start of the week after the Organization of the Petroleum Exporting Countries and its allies (OPEC +) once again delivered what I would call a strategic under-delivery of the expected output hike. OPEC+ announced a modest production increase following their recent meeting, agreeing to raise output by 137,000 barrels […]
The post OPEC + Delivers Modest Output Hike, Brent Crude Rises 1.7%. What Next for Oil Prices? appeared first on Action Forex.
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