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The RBNZ cut the OCR to 5.25% at its August policy meeting by unanimous decision. We think the RBNZ only seriously considered the option of cutting the OCR by 25bps at this point. The Governor noted that there are further meetings this year where further adjustments can be made. The revised projections lowered the OCR […]

The post RBNZ August 2024 MPS Review: Ready… Steady… Go! appeared first on Action Forex.

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12/09/2024

EUR With Potential Weakness Ahead of ECB Decision: EURUSD and EURJPY

Fundamental Analysis Today, September 12, 2024, the European Central Bank (ECB) is expected to cut interest rates by 60 basis points, marking a significant adjustment in its monetary policy. The main refinancing rate could drop to 3.65% in response to slowing inflation, which reached 2.2% in August. This move reflects growing concerns about the eurozone’s […]
10/09/2024

Harris and Trump in Their First Face-Pff

In focus today In the US, we get the NFIB Small Business Survey. Also, Fed Governor Barr is expected to announce a reduction in the biggest banks’ capital hike in the latest Basel plan, from 19% to 9%, according to Bloomberg. Later, Kamala Harris and Donald Trump will have their first live debate at 9 […]
23/04/2024

Bitcoin Awaits Signal from Equity Indices

Market picture The capitalisation of the crypto market over the past 24 hours has added only 0.15% to $2.44 trillion. Crypto sentiment indices remain in the ‘greed’ territory, scoring 71 points, compared to 73 points the day before. Bitcoin added about a quarter of a percent during the day, reaching $66.5K. Early on Tuesday morning, […]