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A dovish shift seems to be underway at the Reserve Bank of New Zealand Technical recession and falling inflation may pave way for 2024 rate cut Is a dovish hold on the cards at Wednesday’s meeting (02:00 GMT)? Weaker economy has been good news for inflation New Zealand’s economy shrunk in the final three months […]

The post RBNZ May Start Laying Groundwork for a Rate Cut appeared first on Action Forex.

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11/06/2024

Macron Calling for French Snap Election Shakes Markets

In focus today In the US, NFIB’s small business optimism index is due for release for May. General sentiment has remained weak over the past few months, and also firms’ price plans took a turn lower in the April survey. In the UK, focus turns to the release of the official UK labour market report. […]
27/06/2024

Gold Rebounds from Near the Lower End of its Range

Gold bulls step in from near key support zone RSI and MACD suggest momentum is turning positive Advances within the current sideways range may be possible A dip below 2,290 could invite the bears back into the game Gold is trading higher today, after hitting support slightly above 2,290 on Wednesday. That zone has been […]
17/07/2024

GBP/USD at 1-Year High as UK CPI Remains at 2%

The British pound continues to roll and is up for a sixth straight day. GBP/USD is trading at 1.3038 in the European session, up 0.51% on the day. The pound has sparkled in July, climbing 3% and hitting its highest level since July 2023. UK inflation unchanged UK consumer inflation remained at 2% y/y in […]