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GDP contracted by 0.1% in the December quarter, slightly softer than Westpac and RBNZ estimates. Key results Quarterly change: -0.1% (last: -0.3%, Westpac f/c: 0.0%, market f/c: 0.1%, RBNZ 0.0%) Annual change: -0.3% (Last -0.6%, Westpac f/c 0.0%, RBNZ 0.0%) Annual average change: +0.6% (Last: +1.3%) The New Zealand economy was broadly flat over the […]

The post First Impressions: NZ GDP, December quarter 2023 appeared first on Action Forex.

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26/04/2024

Gold Price Recovers Amid Uncertain US Economic Outlook

The price of a troy ounce of gold climbed to 2330.00 USD on Friday. This surge was driven by investors’ ongoing evaluation of the potential direction of the US Federal Reserve’s monetary policy following mixed macroeconomic data. The US GDP for Q1 did not meet expectations, marking the slowest recovery in two years. The economy […]
11/09/2024

USD/JPY Outlook: Key Supports Under Pressure

USDJPY fell to the lowest in 8 ½ months on Wednesday (140.70) following probe through pivotal support at 141.68 (Aug 5 spike low). Subsequent bounce came from oversold conditions on daily chart, with partial profit taking to lift the price and position for fresh push lower. Close below 141.68 is needed to confirm bearish continuation […]
17/05/2024

After Surpassing $30, Silver May Aim for $50

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