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The Reserve Bank of New Zealand kept its benchmark interest rate at 5.5% for the eighth consecutive meeting, which was in line with analyst expectations. However, the central bank’s comments were softer than expected, dragging down NZDUSD by around 1% to 0.6070, a low for the week. The RBNZ expects inflation to return to the […]

The post RBNZ Dovishness Hits Kiwi appeared first on Action Forex.

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12/12/2023

Nikkei Strong Reaction Higher From The Equal Legs Area

In this technical blog, we will look at the past performance of the 4-hour Elliott Wave Charts of Nikkei. We presented to members at the elliottwave-forecast. In which, the rally from 04 October 2023 low unfolded as an impulse structure. And showed a higher high sequence favored more upside extension to take place. Therefore, we […]
26/03/2024

EURCHF Rallies Towards 8-Month High

EURCHF looks strongly bullish this year Technical oscillators confirm upside tendency EURCHF has added almost 6% since the beginning of the year, recording a new eight-month high of 0.9786. The pair is creating a steep upward tendency with no notable bearish corrections so far in 2024. The RSI indicator is standing in the overbought region and is still pointing north, […]
10/01/2024

Inflation in Australia Continues To Decline. AUD/USD Tests Important Support

Data today from the Australian Bureau of Statistics on Wednesday showed the monthly consumer price index (CPI) rose 4.3% year-on-year in November, the slowest pace since January 2022. Value a month earlier = 4.9%. Market forecasts = 4.4%. This strengthened market expectations that interest rates would not have to rise further. Although the head of […]