Logo-color Logo-white

Today the RBNZ cut the OCR by 50bps to 4.75%, meeting Westpac and market expectations. According to the RBNZ the economy is now in a position of excess capacity, encouraging price- and wage-setting to adjust to a lowinflation economy. Economic activity was described as “subdued”, with business and consumer spending “weak” and employment conditions continuing […]

The post RBNZ October 2024 Monetary Policy Review: The Wait is Over appeared first on Action Forex.

previous

Rising Treasury Yields Attract Dollar Interest

next

Elliott Wave Intraday View in GBPJPY Looking for Further Upside

Read More

27/09/2024

Saudi Throws in the Towel

The S&P 500 printed its 42nd record high this year yesterday on the back of a mix bag of economic and corporate news. First, the latest GDP data confirmed that the US economy grew 3% in Q2 and the price pressures fell. Corporate profits rose 3.5% in Q2 versus a 1.7% gain penciled in by […]
13/05/2024

Copper (HG_F) Elliott Wave : Forecasting the Rally from the Equal Legs Zone

In this technical article we’re going to take a quick look at the Elliott Wave charts of Copper Futures HG_F, published in members area of the website. As our members know, Copper is showing impulsive bullish sequences in the cycle from the 3.6592 low. Consequently we are favoring the long positions at this stage. The […]
24/04/2024

Altcoins Upbeat, Bitcoin Hesitant to Breakout

Market picture The crypto market added 0.5% in 24 hours to $2.46 trillion as a rebound in risk appetite in stocks helped altcoins attract buying interest. The Crypto Fear & Greed Index added 1 point to 72 (Greed). Bitcoin is avoiding sharp swings and is trading at $66.75K on Wednesday morning, adding 0.3% in 24 […]