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Business confidence slumped in March, after a post-election bounce in December. Key results (seasonally adjusted) General business confidence: -23.7 (Previous: -9.9) Trading activity, past three months: -23.2 (Previous: +6.7) Trading activity, next three months: -11.5 (Previous: +6.6) % reporting a rise in operating costs over the past 3 months: 53.1 (Previous: 54.7) % who increased […]

The post First Impressions: NZIER Survey of Business Opinion, Q1 2024 appeared first on Action Forex.

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17/06/2024

Australian Dollar Drifting Ahead of RBA Decision

The Australian dollar is steady on Monday. AUD/USD is trading at 0.6605 in the European session, down 0.14% on the day. Last week, the Australian dollar rose as much as 1.8% but pared most of these gains. RBA expected to hold rates The Reserve Bank of Australia will deliver its rate announcement early Tuesday and […]
16/05/2024

AUDUSD Eases After Bullish Spike to 4-Month High

AUDUSD jumps above trading range MACD indicates more gains; but RSI heads south 20- and 50-day SMAs post bullish cross AUDUSD posted a strong bullish day on Wednesday, showing some more upside pressure today, towards a fresh four-month high, exiting from the consolidation area of 0.6390-0.6635. A rally higher until the next resistance level of […]
28/05/2024

EUR/USD: Bulls Hold Grip and Eye Key Barriers as Markets Await Release of German CPI Data

The Euro keeps firm tone on fading hopes for ECB rate cut, with markets focusing on tomorrow’s release of German inflation data (annualized CPI expected to rise in May). The bull leg off higher low at 1.0805, where 100DMA contained recent pullback, extends into third straight day and pressuring pivotal barriers at 1.0891/95 (Fibo 76.4% […]