Logo-color Logo-white

The New Zealand dollar has steadied on Thursday, after a sharp decline of 1.5% a day earlier. NZD/USD is trading higher 0.08% on the day at 0.5890, at the time of writing. New Zealand’s employment declines New Zealand’s labor market is showing signs of cracks. Employment in the fourth quarter declined by 0.2% q/q, down […]

The post NZ Dollar Shrugs After Soft Jobs Report appeared first on Action Forex.

previous

Canada’s Economy Continued to Grow in February, No Growth Expected in March

next

Worst of Both Worlds: Are the Risks of Stagflation Elevated? Part III

Read More

02/02/2024

Technical Outlook and Review

DXY: The DXY (US Dollar Index) chart currently exhibits a neutral overall momentum, suggesting a lack of a strong trend in either direction. Price could potentially fluctuate between the 1st resistance and 1st support levels. The 1st support level at 102.79 is identified as an overlap support and is reinforced by the presence of the […]
30/05/2024

In the Spotlight: US Inflation and GDP Data

In the final trading sessions of May, leading currencies have been in a downward trend against the dollar. For instance, the pound/dollar pair lost over 100 pips in a single day, euro sellers in the EUR/USD pair are testing 1.0800, and the USD/CAD pair might update its May high around 1.3760. USD/CAD The rise in […]
19/03/2024

BOJ Policy Rate – USDJPY Technical Analysis

BOJ Policy Rate The Bank of Japan is scheduled to announce its Policy Rate, Monetary Policy Statement, and BOJ Press Conference. Japan has held its interest rates at record-low levels for almost 17 years. The current interest rate is—0.10%, and according to Bloomberg analysts’ surveys, the BOJ is expected to maintain this level for the […]