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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.

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03/12/2024

Swiss CPI Declines in November

The Swiss franc has edged upwards on Tuesday. In the European session, USD/CHF is trading at 0.8846, down 0.21% on the day. Is Switzerland facing deflation? Swiss CPI declined by 0.1% m/m in November, unchanged from October and in line with the market estimate. This marks the fourth successive month that inflation has failed to […]
10/10/2024

US: Progress on Inflation Front Stalls in September, Supporting Smaller 25bps Cut in Nov

The Consumer Price Index (CPI) rose 0.2% month-on-month (m/m) in September, a tenth of a percentage point (pp) above the consensus forecast. On a twelve-month basis, CPI fell to 2.4% (from 2.5% in August). Energy prices (-1.9% m/m) were again a drag on headline inflation, almost entirely driven by a pullback in gasoline prices (-4.0% […]
16/02/2024

USD/JPY Holds Steady As Crypto Market Rallies

Key Highlights USD/JPY started a downside correction from the 150.80 resistance. A major rising channel is forming with support at 149.25 on the 4-hour chart. Gold price dived below $2,000 before it started a recovery wave. Bitcoin price extended its rally above the $52,200 resistance. USD/JPY Technical Analysis The US Dollar remained in a positive […]