Logo-color Logo-white

The New Zealand dollar has soared today. In the European session, NZD/USD is trading at 0.6018, up an impressive 1.1% at the time of writing. New Zealand job growth surprises on the upside New Zealand’s labour market has been cooling off due to elevated interest rates and the markets were braced for a soft jobs […]

The post NZ Dollar Surges on Strong Employment Data appeared first on Action Forex.

previous

USD/JPY Analysis: Rate Stabilizes After Tsunami

next

Brent Oil Price Analysis: Anticipating a Correction

Read More

06/02/2024

Several Interest Rates, Both in US and EMU Testing or Nearing Top of Sideways Range

Markets Since last week’s Fed meeting, the combination of Fed speak and strong US data squeezed investors out of early easing bets and this move simply continued yesterday. The CBS 60 Minutes interview with Fed Chair Powell on Sunday (off script indication of first cut in June?) still resonated. Minneapolis Fed Kashkari reinforced Powell’s message […]
05/02/2024

S&P 500 Wave Analysis

S&P 500 broke key resistance level 4930.00 Likely to rise to resistance level 5000.00 S&P 500 index rising inside the minor impulse wave 3 which previously broke above the key resistance level 4930.00 (which stopped the previous minor impulse wave i at the end of last month). The breakout of the resistance level 4930.00 accelerated […]
29/11/2023

Overstretched

The US bonds extended their rally ladies and gentlemen, as one of the Federal Reserve’s (Fed) most hawkish members, Christopher Waller, said in a speech named ‘Something appears to be giving’ that he is ‘increasingly confident that policy is currently well positioned to slow the economy and get inflation back to 2%’. The Chicago Fed […]