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The unemployment rate rose to 4.8% in the September quarter, a smaller than expected rise due to more young people exiting the labour force. Wage growth is moderating broadly as expected. Unemployment rate: 4.8% (prev: 4.6%, Westpac f/c: 5.0%, RBNZ f/c 5.0%) Employment change (quarterly): -0.5% (prev: +0.2%, Westpac f/c: -0.6%, RBNZ f/c -0.4%) Labour costs […]

The post NZ First Impressions: Labour Market Data, September Quarter 2024 appeared first on Action Forex.

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14/09/2024

Weekly Economic & Financial Commentary: Let the Easing Begin

Summary United States: Firmer Inflation Tilts the Scales Toward 25 The core Consumer Price Index rose 0.3% in August, the fastest increase in four months. Soft measures like NFIB price plans continue to signal a downward trend in inflation; however, recent price resiliency may prompt FOMC members to exercise a bit more caution in September. […]
28/08/2024

WTI Outlook: Fresh Fall of Oil Price Signals an End of Corrective Phase

Oil price declines for the second straight day after recent three-day strong recovery rally was repeatedly rejected just under 200DMA ($77.80). Subsequent weakness generated reversal signal following a break below pivotal support at $74.51 (50% retracement of $71.46 / $77.57 recovery leg, reinforced by 10DMA). Daily studies weakened (MA’s are back to full bearish setup […]
11/01/2024

USDCHF Steady Within Bearish Channel

USDCHF retains a neutral pace ahead of US CPI inflation Encouraging signals detected, but rally above 0.8600 required USDCHF has been gently moving sideways, unable to post durable gains above the 0.8500 level after the bounce off a nine-month low of 0.8331 at the end of 2023. Both the RSI and the MACD have been […]