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The Kiwi is the worst intraday performer among the major currencies as it slumped to a 4-week low against the US dollar. A dovish tilt in the latest RBNZ monetary policy statement has triggered a narrowing of the yield discount between the 2-year Australian and New Zealand government bonds. AUD/NZD has staged a medium-term bullish […]

The post AUD/NZD: Kiwi Torpedoed by Surprise Dovish Tilt from RBNZ appeared first on Action Forex.

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20/08/2024

Rate Cut from Riksbank Should be a Done Deal

In focus today In Sweden, the Riksbank’s rate decision, a policy statement and a shorter policy report will be published at 09.30 CET. A press conference follows at 11.00 CET. There will be no new macro forecasts and no new rate path. A 25bp rate cut is – or should be – a done deal. […]
29/12/2023

Week Ahead – US Jobs Report and Eurozone Inflation to Kickstart the New Year

NFP report and Eurozone CPI will be the week’s focal point on Friday FOMC minutes and ISM PMIs will also be crucial for the US dollar Canadian employment and Chinese PMIs might attract attention too Rate cut bets in overdrive It’s been one big rollercoaster ride for the US dollar in 2023, as hopes of […]
19/09/2024

WTI Wave Analysis

WTI reversed from round resistance level 70.00 Likely to fall to support level 68.00 WTI crude oil recently reversed down from the round resistance level 70.00 (former strong support from January). The resistance level 70.00 was strengthened by the nearby 20-day moving average and by the 50% Fibonacci correction of the sharp downward impulse from […]