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NZDUSD bulls retake control; fight for a close above 20-SMA Short-term bias is positive, but there are more obstacles on the upside NZDUSD is a top performer today as investors are actively waiting for the Fed’s rate decision. The pair picked up positive momentum above its 20-day simple moving average (SMA) at 0.6195, which has […]

The post NZDUSD Leads the Pack as FOMC Rate Decision Looms appeared first on Action Forex.

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11/01/2024

GBP Reacts to Gov. Bailey’s Address

Just a few hours ago, Andrew Bailey, the governor of the BoE gave a speech regarding his testimony, along with Deputy Governor Sarah Breeden, on the Financial Stability Report before the Treasury Select Committee, in London. The speech reflects the commitment of the BoE to continue its projection towards the target inflation rate. Although the […]
05/07/2024

Terrifying Crypto Sell-off

Market picture The crypto market cap has fallen back below $2 trillion, accelerating its decline and losing over 8%, while many altcoins have suffered double-digit losses within the last 24 hours. Bitcoin pulled back to $54.7K, losing around 6.5% since the start of the day and hitting a low of $53.3K. The 200-day moving average […]
13/05/2024

NZ First Impressions: RBNZ Survey of Expectations, Q2 2024

Inflation expectations have continued to fall. That will help to quell the RBNZ concerns about the longer-term inflation outlook. Inflation expectations One year ahead:  2.73% (Prev: 3.22%, down 49 points) Two years ahead:  2.33% (Prev: 2.50%, down 17 points) Five years ahead:  2.25% (Prev: 2.25%, unchanged) Ten years ahead:  2.19% (Prev: 2.16%%, up 3 points) […]