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NZDUSD marks new higher high for 2024 Positive momentum might soften; eyes on 0.6368 NZDUSD stretched its exciting rally to a new nine-month high of 0.6354 on Wednesday before experiencing mild losses. The pair surpassed August’s bar with a bang, shifting the spotlight to the December 2023 peak of 0.6368. Given the strengthening overbought signals […]

The post NZDUSD Puts Life Back to Short-Term Uptrend appeared first on Action Forex.

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31/05/2024

Canada’s Economic Growth Rebound Misses Expectations in the First Quarter 

The Canadian economy grew by 1.7% quarter/quarter annualized (q/q) in 2024 Q1, while 2023 Q4 was revised lower (+0.1% q/q from +1.0%). Furthermore, the flash estimate for April showed a +0.3% monthly increase. Stripping out external factors, final domestic demand came in at a very strong 2.9% q/q. Consumer spending supported growth, rising by +3.0% […]
14/12/2023

US 500 Index Surges to Almost 2-Year High

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16/02/2024

Building Up a ‘Home-Grown’ Inflation Issue?

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