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In focus today We start off the week with low activity on the data release front. In Denmark the monthly employment statistics for November is released Monday morning. Early Tuesday we await the rate decision from the first policy meeting from Bank of Japan in 2024. We expect the Bank of Japan to stay on […]

The post We Expect BoJ to Stay on Hold appeared first on Action Forex.

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29/04/2024

US 500 Cash Index in the Green Ahead of Fed

US 500 index is edging higher, a tad below the 50-day SMA Bulls are feeling more confident following strong tech earnings Momentum indicators are mixed at this stage The US 500 cash index is trying to record its third consecutive green candle today as the bulls are probably feeling relieved following the recent strong tech earnings […]
20/05/2024

Could RBNZ Support Kiwi’s Recent Strength?

RBNZ meets on Wednesday, no rate change expected Quarterly forecasts and press statement will be closely scrutinized Press conference to gain interest if RBNZ turns dovish Kiwi’s recent run against the dollar could be under threat Third RBNZ meeting in 2024 The Reserve Bank of New Zealand will announce its interest rate decision on Wednesday […]
10/07/2024

NZD/USD Outlook: Kiwi Dollar Down 1% on Dovish RBNZ

NZDUSD was sharply lower during Wednesday morning (down almost 1% for the session) deflated by the Reserve Bank of New Zealand’s dovish stance. The central bank left interest rates unchanged at 5.5%, as widely expected, but signaled that the door for possible rate cut remains open, should inflation continue to ease in line with expectations. […]