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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.

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NZDUSD Wave Analysis

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Gold Fights With 2,420 Level Within Ichimoku Cloud

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13/03/2024

Why are Gold and Bitcoin Hitting New Records Together?

Gold and Bitcoin cruise to new all-time highs simultaneously However, there are different drivers behind these rallies Overall, both assets might have more scope to run higher Gold and bitcoin go through the roof It’s pretty rare to see gold and bitcoin setting new record highs at the same time. Gold is considered the ultimate […]
12/08/2024

Will RBNZ Start Cutting Rates Sooner Than Later

RBNZ could keep interest rates steady but signal easing sooner rather than later Economic picture shows signs of stress but no red flags yet NZDUSD approaches 0.6060-0.6080 resistance territory NZ employment data sway rate cut bets Q2 employment data from New Zealand exceeded the forecasts, leading to a reevaluation of rate cut expectations and a subsequent bullish movement in NZDUSD. However, […]
05/04/2024

EURUSD Trims Earlier Gains as Clock Ticks Down to NFP

EURUSD pulls back from two-week high Technical bias is not bearish yet EURUSD gave up some ground on Thursday after a sharp rally from a one-and-a-half-month low of 1.0723 to a two-week high of 1.0875. The US nonfarm payrolls report is on the agenda today and investors will look at whether jobs growth slowed down to 212k and wage […]