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Looking at the 4-hour time frame of the Kiwi with ticker NZDUSD, we can see a strong rebound after a completed final subwave “v” of C of (C), as Zealand beat jobs data, so seems like a new three-wave A-B-C rally can be in play within higher degree wave (D) that can recover the price […]

The post NZD/USD Looking for a Bigger Recovery appeared first on Action Forex.

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16/05/2024

Loss of Interest Rate Support Put Dollar in the Defensive

Markets US CPI inflation contrasted with the PPI shocker (+0.5% M/M) from Tuesday. Price pressures eased slightly in April (0.3% M/M for headline and core; down from 0.4% M/M for both in March) but the CPI report was in line with expectations. Flanked by disappointing US retail sales (flat M/M) and a weaker May Empire […]
29/07/2024

A Sense of Hope in the Market This Monday Morning

There is a sense of hope in the market this Monday morning after Friday’s PCE data boosted the expectation that the Federal Reserve (Fed) is getting very close to signaling its first rate cut in September. The core PCE came in slightly higher-than-expected – steady at 2.6% instead of a further easing to 2.5%, but […]
12/09/2024

September Flashlight for the FOMC Blackout Period

Summary Data released since the last FOMC meeting on July 31 make a compelling case for the Committee to begin easing the stance of monetary policy at its upcoming meeting on September 18. Inflation remains a bit above the Fed’s target of 2%, but momentum in consumer prices clearly is slowing. Meanwhile, the labor market, […]