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Business sentiment has continued to charge higher as interest rate pressures ease, but activity remains soft for now. Key results (September 2024) Business confidence: 60.9 (Prev: 50.6) Expectations for own trading activity: 45.3 (Prev: 37.1) Activity vs same month one year ago: -18.5 (Prev: -23.1) Inflation expectations: 2.92% (Prev: 2.92%) Pricing intentions: 42.8 (Prev: 41.0) […]

The post NZ First Impressions: ANZ Business Confidence, September 2024 appeared first on Action Forex.

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CADCHF Wave Analysis

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06/12/2023

EURUSD Wave Analysis

EURUSD broke daily up channel Likely to fall to support level 1.7000 EURUSD currency pair under the bearish pressure after the earlier breakout of the support trendline of the daily up channel, which enclosed the previous impulse wave (C) from the start of November. The breakout of this daily up channel accelerated the active impulse […]
26/04/2024

Gold Price Recovers Amid Uncertain US Economic Outlook

The price of a troy ounce of gold climbed to 2330.00 USD on Friday. This surge was driven by investors’ ongoing evaluation of the potential direction of the US Federal Reserve’s monetary policy following mixed macroeconomic data. The US GDP for Q1 did not meet expectations, marking the slowest recovery in two years. The economy […]
21/10/2024

Silver Rises to 12-Year High

Silver price hit new highest since November 2012 on Monday, in extension of last Friday’s record daily rally of 6.4%, with psychological $34.00 barrier being cracked. Increased safe haven demand dragged silver price, as geopolitical situation is overheated and markets pricing around 90% chance of Fed rate cut in November FOMC policy meeting. Strong bullish […]