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U.S. Highlights The Federal Reserve Senior Loan Officer Opinion Survey showed that most banks tightened lending standards further in the first quarter, with demand for loans falling in concert. Growth in U.S. consumer credit slowed materially in March as the upward trend in rates through the first quarter weighed on volumes. Federal Reserve officials reiterated […]

The post The Weekly Bottom Line: Canada – Jobs Surge Delays Rate Cut Bets appeared first on Action Forex.

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16/01/2024

Technical Outlook and Review

DXY: The DXY (US Dollar Index) chart currently exhibits a neutral overall momentum, suggesting a lack of a clear directional bias in the US Dollar. Price could potentially fluctuate between the 1st support and 1st resistance levels. Here are the identified support and resistance levels: 1st support at 101.90 is identified as an overlap support, […]
15/04/2024

NZ Dollar Slides to Five-Month Low

The New Zealand dollar has stabilized on Monday after as sharp decline of 1% on Friday. In the European session, NZD/USD is trading at 0.5945, up 0.14%. The New Zealand dollar dropped as low as 0.5927 earlier, its lowest point since November 14. NZ Services PSI declines New Zealand’s services sector had a dismal March, […]
01/11/2024

RBA in Wait-and-See Mode Despite Drop in Inflation

RBA to stand pat at 4.35% Aussie may not be affected from this meeting Decision due on Tuesday at 3:30 GMT RBA policy to remain unchanged The upcoming Reserve Bank of Australia (RBA) policy meeting on November 5 is highly anticipated, with the bank adopting a wait-and-see approach and holding the cash rate steady while monitoring economic developments. […]