US: Retail Sales Decline in July as Consumers Shift from Goods to Services
ActionForex.com was set up back in 2004 with the aim to provide insightful analysis to forex traders, serving the trading community for over a decade. Empowering the individual traders was, is, and will always be our motto going forward. Contact...
RBA Minutes Confirm Reasoning Behind August Policy Decision
Westpac was surprised by the decision at the August Board meeting to maintain the policy to begin tapering bond purchases in early September. Since then near term growth prospects have deteriorated further. However that deterioration would need to trigger a...
RBNZ to Lift Rates, What to Expect
The Reserve Bank of New Zealand (RBNZ) is almost certain to raise interest rates when it concludes its meeting at 02:00 GMT Wednesday. Markets have already fully priced in a regular rate increase and are also assigning a small chance...
The Canadian Dollar Is Trading Slightly Lower In The USD/CAD 1.254 Area
Markets Failure to take out support levels in both EUR/USD and EUR/GBP triggered return action higher in thin Summer trading conditions. EUR/USD 1.1704/1.1695 support is the current stop to the August dollar rally after last Wednesday’s CPI print -” high,...
Weekly Economic & Financial Commentary: Some Relief on Inflation, but It’s Still Hot Out There
Summary United States: Some Relief on Inflation, but It’s Still Hot Out There The CPI data this week showed that the sharpest monthly consumer price hikes may be behind us, but inflation is not about to quietly fade away. Ongoing...
The Weekly Bottom Line: Transitory Price Factors Ease
U.S. Highlights U.S. equity market continued to rise this week, while the 10-year Treasury yields took the consumer price index (CPI) inflation reading in stride, closing relatively flat on the week. The CPI report showed signs of moderation in categories...
Week Ahead: Focus on Fed, RBA, and RBNZ through the Dog Days of Summer
We’re finally past the peak of (peak growth?) earnings season, with a record-breaking 87% of companies in the S&P 500 beating analysts’ estimates… From a macroeconomic perspective, the highlight of last week’s trade came exactly in the middle of the...
Week Ahead – Fed Minutes the Highlight
Country US Inflation data this week provided some light relief in the markets, even if it has probably done nothing to influence the Federal Reserve ahead of a significant few months. The economy is strong, the labour market is seeing...
Week Ahead – RBNZ to Raise Rates, Dollar Awaits Fed Minutes
It’s an electrifying week, with a crucial central bank meeting and a storm of economic releases to spark volatility. The Reserve Bank of New Zealand will make history by raising interest rates. However, there is scope for some disappointment in...
Forward Guidance: Canadian CPI Growth Likely Ticked Up in July; Core Price Growth Accelerated
Expect another increase in the Canadian consumer price index in July, as supply chain disruptions and base effects continue to rattle price measures. The semi-conductor shortage—which has impacted all things auto-related, from production to manufacturing sales to car rental prices—has...