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Business confidence has continued to rise. However, there remains limited momentum in activity, and ongoing inflation pressures. Key results (December 2023) Business confidence: 33.2 (Prev: 30.8) Expectations for own trading activity: 29.3 (Prev: 26.3) Activity – same month one year ago -4.2 (Prev: -12.5) Inflation expectations: 4.61% (Prev: 4.79%) Pricing intentions: 50.2 (Prev: 46.8) The […]

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

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17/09/2024

Gold (XAUUSD) Holds Near Record Highs Amid Anticipation of Fed Rate Cut

Gold prices remained stable at around $2580 per troy ounce on Tuesday, hovering close to their record highs. This resilience in the gold market is largely driven by the weakening US dollar and heightened expectations for a substantial interest rate cut by the Federal Reserve. Current projections from the CME FedWatch tool indicate a 67% […]
04/01/2024

USDCAD Wave Analysis

USDCAD reversed from key support level 1.3200 Likely to rise to resistance level 1.3400 USDCAD currency pair recently reversed up from the key support level 1.3200 (which reversed the price multiples times in the middle of 2023, as can be seen below). The support level 1.3200 was further strengthened by the lower daily Bollinger Band […]
06/12/2023

USD/JPY: Bearish Momentum Remains Intact Despite Softer Tokyo CPI

Tokyo’s CPI for November slowed down further due to a recent drop in oil prices. Tokyo’s services prices accelerated to 3% y/y in November, its fastest pace since 1994. Japan’s latest consumer sentiment data for November also improved to its highest level since August 2023. A boost in consumer sentiment coupled with services inflation on […]