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Falling interest rates helped to lift business confidence further in October. Firms also reported a modest improvement in their current performance, and inflation indicators were mixed. Key results (October 2024) Business confidence: 65.7 (Prev: 60.9) Expectations for own trading activity: 45.9 (Prev: 45.3) Activity vs same month one year ago: -10.5 (Prev: -18.5) Inflation expectations: […]

The post First Impressions: NZ Business Confidence appeared first on Action Forex.

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04/12/2023

December Flashlight for the FOMC Blackout Period

Summary We look for the FOMC to keep rates on hold at its December 13 meeting, an expectation that is universally shared. If realized, the third consecutive hold would suggest that, rather than the FOMC merely hiking at a slower pace, the fed funds rate probably has reached its terminal level of this cycle. Both […]
18/12/2023

USD/JPY – Yen Climbs to 4.5 Month High, BoJ Next

BoJ to make rate announcement on Tuesday Fed’s Williams says no rate cuts planned The Japanese yen is lower at the start of the week. In the European session, USD/JPY is trading at 142.77, up 0.44%. The yen continues to power higher and surged 1.9% last week. It marked a fifth straight winning week for […]
05/01/2024

EUR/USD Slips, Eurozone Inflation Rises

Eurozone inflation rises, core rate dips US nonfarm payrolls expected to drop to 177,000 The euro is in negative territory on Friday. In the European session, EUR/USD is trading at 1.0908, down 0.33%. Eurozone inflation rises to 2.9% Eurozone inflation has been falling and dropped to 2.4% y/y in November, within striking distance of the […]