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Business activity measures remained weak in June, while the inflation gauges are steadily heading in the right direction. Key results (seasonally adjusted): General business confidence: -35.4 (Previous: -24.9) Trading activity, past three months: -27.8 (Previous: -24.2) Trading activity, next three months: -10.4 (Previous: -12.3) % reporting a rise in operating costs over the past 3 […]

The post NZ First Impressions: NZIER Survey of Business Opinion, Q2 2024 appeared first on Action Forex.

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25/01/2024

EUR/USD – Rallies Despite Continued Weakness in Eurozone PMIs

Eurozone data remains recessionary EURUSD rebounds after surveys Is it just a corrective rally? The data from the eurozone isn’t improving early in the new year, with the latest PMI surveys all remaining firmly in contraction territory. While we’re continuing to see improvements in the manufacturing survey, that comes from a very low base and […]
31/10/2024

Gold Leaps Ahead: Are More Gains on the Horizon?

Key Highlights Gold started a fresh surge and traded to a new high above $2,788. A connecting bullish trend line is forming with support at $2,758 on the 4-hour chart. Oil started a consolidation phase near the $69.00 zone. EUR/USD recovered some losses and tested the 1.0865 resistance. Gold Price Technical Analysis Gold prices formed […]
27/12/2023

GBP/USD Seems Primed For More Gains Above 1.2800

Key Highlights GBP/USD is eyeing more gains above the 1.2750 level. A major bullish flag is forming with resistance near 1.2725 on the 4-hour chart. EUR/USD is gaining bullish momentum above the 1.0980 zone. Oil prices could gain pace for a move toward the $78 level. GBP/USD Technical Analysis The British Pound formed a base […]