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The December quarter labour market surveys surprised modestly to the upside, suggesting that activity and inflation pressures are still easing, but perhaps not as quickly as the RBNZ would have hoped. Unemployment rate: 4.0% (prev: 3.9%, Westpac f/c: 4.2%, RBNZ f/c 4.2%) Employment change (quarterly): +0.4% (prev: -0.2%, Westpac f/c: +0.3%, RBNZ f/c +0.2%) Labour […]

The post NZ First Impressions: Labour market statistics, Q4 2023 appeared first on Action Forex.

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09/07/2024

GBP/USD Outlook: Bulls Pause ahead of Powell

Cable is holding within a narrow range under new multi-week high during European trading on Tuesday, as markets await today’s key event – the testimony of Fed Chair Powell. Long upper shadow of Monday’s daily candle and overbought conditions on daily chart suggest that bulls may take a breather at 1.2800 zone (also Fibo 76.4% […]
22/07/2024

News of the Week (July 22—26): USDCNH Review

The USDCNH pair represents the exchange rate between the US dollar and the Chinese yuan. Factors influencing the US dollar include Federal Reserve policies, inflation rates, and the overall health of the US economy. In contrast, the Chinese yuan is affected by China’s monetary policies, economic growth metrics, and regulatory changes impacting capital flows. Movements […]
17/04/2024

USDJPY on the Verge of Hitting 155.00 Milestone

Overbought signals persist as USDJPY approaches the 155.00 level Bullish trend expected to hold strong above 151.00 After an explosive bullish session on Monday, USDJPY is now a short distance below the 155.00 psychological level, recording its sixth consecutive week of gains and reaching its highest level since May 1990. The RSI and the stochastic oscillator are […]