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Businesses remain very upbeat about the year ahead. There are also some signs that current conditions are gradually improving. Key results (November 2024) Business confidence: 64.9 (Prev: 65.7) Expectations for own trading activity: 48.0 (Prev: 45.9) Activity vs same month one year ago: -9.7 (Prev: -10.5) Inflation expectations: 2.53% (Prev: 2.83%) Pricing intentions: 42.2 (Prev: […]

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

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EURUSD Wave Analysis

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GBP/USD Eyes Comeback: How Long Can It Hold?

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09/05/2024

USDJPY Advances After Bouncing Off 50-day SMA

USDJPY in a recovery mode after pull back comes to a halt Momentum indicators suggest intensifying positive momentum USDJPY experienced a strong pullback from its 34-year high of 160.20 following the intervention by Japanese authorities a week ago. However, the pair managed to find its feet at the 50-day simple moving average (SMA) and recoup a […]
08/10/2024

USD/CHF Technical Outlook: Confluence Area Hints at Bullish Breakout

USD/CHF is poised for a potential bullish move following a recent breakout, supported by a confluence of technical and fundamental factors. The Swiss National Bank’s preference for a weaker CHF and the repricing of Fed rate cut expectations contribute to the bullish outlook. Upcoming US CPI and PPI data releases could further fuel the USD […]
11/04/2024

GBPUSD Wave Analysis

GBPUSD reversed from support level 1.2535 Likely to rise to resistance level 1.2700 GBPUSD currency pair recently reversed up from the key support level 1.2535, which has been steadily reversing the price from the start of December. The support level 1.2535, was strengthened by the lower daily Bollinger Band and by the 50% Fibonacci correction […]