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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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GBP/USD Recovery Potential: Can The Pound Rebound?

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10/04/2024

Dollar Index in Quiet Mode Ahead of Release of Key Economic Data from US

The dollar index is trading within a narrow range for the second consecutive day, as traders await release of the US inflation report for March, which is expected to provide more hints on the Fed’s policy outlook. Widely expected start of cutting rates in June, as well as the pace and size of rate cuts, […]
08/01/2024

AUD/USD Trades With Mild Negative Bias Above 0.6700, Eyes on Australian Retail Sales Data

AUD/USD trades weaker around 0.6712 amid the USD rebound. US Nonfarm Payrolls rose 216K, beating expectations; the Unemployment Rate was unchanged at 3.7%. Fed funds futures markets are pricing in 56% odds of a Federal Reserve (Fed) rate cut. Australian monthly Retail Sales for November and the US Consumer Price Index (CPI) for December will […]
30/10/2024

GBP/USD Recovers While EUR/GBP Struggles

GBP/USD is attempting a recovery wave above the 1.2950 resistance. EUR/GBP declined steadily below the 0.8330 and 0.8325 support levels. Important Takeaways for GBP/USD and EUR/GBP Analysis Today The British Pound is attempting a fresh increase above 1.2950. There is a key rising channel forming with support near 1.2980 on the hourly chart of GBP/USD […]