Logo-color Logo-white

New Zealand dollar jumps on disappointment from RBNZ rate decision but larger bears remain firmly in play. Kiwi dollar jumped around 1% against its US counterpart on Wednesday morning after RBNZ’s 50 basis points rate cut disappointed many who expected more aggressive action and cut by 75 basis points. The Reserve Bank of New Zealand […]

The post NZD/USD Outlook: New Zealand Dollar Jumps on Disappointment from RBNZ Rate Decision appeared first on Action Forex.

previous

USDCHF Faces Hurdles Near Recent Highs

next

BTC Correction Shifts Attention to Altcoins

Read More

18/09/2024

US 100 Index in Anticipation Mode Ahead of Fed

US 100 index trades sideways ahead of the Fed meeting It battles with the July 11, 2024 descending trendline Momentum indicators are tentatively bullish The US 100 cash index is moving sideways today, continuing its low volatility sessions, as market participants are staying on the sidelines ahead of the crucial Fed meeting. The first Fed […]
08/07/2024

France Election Outcome Mixed Bag for Euro

Markets The US payrolls added to recent evidence that the US labour market might be cooling. Headline June Job growth still printed at a solid 206k, but with a 111k downward revision for the previous two months. Wage growth (AHE) eased as expected (0.3% M/M and 3.9 % Y/Y from 4.1%). The jobless rate rose […]
20/09/2024

Canada: Retail Sales Recover from Two-Month Slump.

Retail sales rose by 0.9% month-on-month (m/m) in July, reversing the two-month downward trend. This was higher than the Statistics Canada’s advanced estimate of a 0.6% gain. Adjusting for the impact of inflation, the volume of retail sales was up 1.0% m/m in July. Sales at motor vehicle and parts dealers rose by 2.2% m/m, […]