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Businesses sentiment rose strongly in August, as the prospect and then delivery of an OCR cut was brought forward. Key results (August 2024) Business confidence: 50.6 (Prev: 27.1) Expectations for own trading activity: 37.1 (Prev: 16.3) Activity vs same month one year ago: -23.1 (Prev: -24.3) Inflation expectations: 2.92% (Prev: 3.20%) Pricing intentions: 41.0 (Prev: […]

The post NZ First Impressions: ANZ business confidence, August 2024 appeared first on Action Forex.

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30/04/2024

Another Dip in Crypto Capitalization

Market picture The crypto market capitalisation decreased by another 1.5% to $2.27 trillion, getting closer and closer to the April lows just above $2.22 trillion. Contrary to expectations, after the halving, the pressure on the market increased, in full accordance with the adage “buy the rumour, sell the news”. It seems that the strongest altcoins […]
20/08/2024

The Sweet Soft-Landing Spot

The week kicked off on a positive note on expectation that when Federal Reserve (Fed) Chair Jerome Powell speaks at the Jackson Hole meeting on Friday, he will deliver a strong hint that the rate cuts will begin soon in the US. How soon ? Probably in September? By how much? Probably a reasonable 25bp? […]
12/03/2024

NZDUSD Wave Analysis

NZDUSD reversed from resistance level 0.6200 Likely to fall to support level 0.6080 NZDUSD currency pair today reversed down from the resistance level 0.6200 (which stopped the previous minor ABC correction 2 in the middle of February) intersecting with the 50% Fibonacci correction of the downward impulse 1 from January. The downward reversal from the […]