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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, […]

The post Will RBNZ Start Cutting Rates Sooner Than Later appeared first on Action Forex.

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05/12/2023

Will US NFP Report Come to Dollar’s Rescue?

Data and Fed rhetoric prompt investors to increase rate cut bets Dollar’s next major test comes in the form of the US jobs report The data comes out on Friday at 13:30 GMT Dollar bleeds as investors ramp up bets of massive rate cuts The US dollar has been bleeding lately as the market keeps […]
28/08/2024

For Yields and Dollar Some Further Consolidation on the Cards

Markets Core interest rate markets yesterday tried to further build on a tentative pause/bottoming out process that started on Monday. With 100 bps Fed cuts discounted for this year and another 125 bps of reduction priced in for next year, markets for now apparently feel themselves as trading in line even with the new Fed […]
12/12/2023

Economic Sentiment in Germany Is Improving but Slowly

Fresh business sentiment assessments from ZEW saw the sentiment index rise from 9.8 to 12.8, a positive surprise for analysts who had anticipated a slight decline to 9.6. The current optimism level is the highest since March this year but below the long-term average of 20.8. Some signs of a reversal can be found in […]