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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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11/10/2024

USD/JPY Signals Possible Pullback: Will Bulls Lose Momentum?

Key Highlights USD/JPY rallied above 149.20 before the bears appeared. It traded below a major bullish trend line with support at 149.35 on the 4-hour chart. EUR/USD extended losses and traded below the 1.0950 support. GBP/USD is at risk of more downsides below the 1.3000 support. USD/JPY Technical Analysis The US Dollar gained pace above […]
07/11/2024

Buyers Still in Control on Renminbi (USDCNH)

In the last years, the renminbi made a pause in his attempt to get stronger against USD dollar. In February 2014, renminbi found support at 6.0153 as wave ((III)) and from there it made a perfect zig – zag correction structure to equal legs at 7.1964 high in September 2019. After these 3 swings, USDCNH […]
18/12/2023

EUR/USD Finds Stability

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