Logo-color Logo-white

We expect the RBNZ will cut the OCR by a further 50bps to 4.25% at its November Monetary Policy Statement meeting. The RBNZ will likely indicate increased confidence that pricing and wage setting behaviour will quickly normalise now that annual CPI inflation is close to 2%. The RBNZ’s projections will likely suggest further OCR cuts […]

The post RBNZ Preview: Maintaining Pace Towards the Neutral Zone appeared first on Action Forex.

previous

EURUSD Wave Analysis

next

Dollar Sets the Pace in FX Markets

Read More

21/06/2024

Crypto Didn’t Dare to Grow

Market picture The crypto market failed to get on a growth path, with its capitalisation falling 1.5% to $2.35 trillion in the last 24 hours. Cryptocurrencies have had their wings clipped by the sell-off in equity markets, reflecting a downturn in risk appetite in global finance. Due to the link to traditional finance, the largest […]
02/06/2024

Forex and Cryptocurrency Forecast

EUR/USD: Awaiting a Turbulent Week Recall that Monday, 27 May was a holiday in the US. However, on Tuesday, dollar bulls took control, and the DXY Index started to rise, bolstered by a significant increase in the US Consumer Confidence Index (from 97.5 to 102.0 against a forecast of 96.0). Consequently, EUR/USD moved southward. Pressure […]
16/04/2024

NZD Hits Five-Month Low Against Strong US Dollar

The New Zealand dollar has plummeted to a five-month low, with the NZD/USD pair touching the 0.5890 mark. This decline was triggered by the release of robust American retail sales data, which raised concerns that the Federal Reserve might delay interest rate cuts expected in 2024. The prevailing expectation in the stock market is that […]