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Surprisingly, the RBNZ’s July OCR Review was markedly less hawkish than the May Statement. The RBNZ’s growth forecasts seem to have been significantly downgraded from their May view. The RBNZ crucially seems more confident that annual inflation will be below 3% quite soon, giving them more latitude to reduce policy restriction. The recent QSBO survey […]

The post What Would RBNZ Need to See to Start Cutting? appeared first on Action Forex.

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29/07/2024

Will Fed Signal a September Rate Cut?

Fed sees inflation on a path to remain low Investors expect three 25bps rate cuts by January Fed to keep rates untouched, focus on guidance The decision is published on Wednesday at 18:00 GMT Data bolster Fed’s confidence At its latest gathering in June, the FOMC appeared more hawkish than expected, revising its interest rate […]
26/01/2024

Nasdaq 100 (US100): Toward 17750

Bullish Scenario: Buy between 17515 and 17600 with TP1: 17681; TP2: 17720 intraday, and TP3: 17750 / 18000 in extension. It is recommended to set a stop loss (S.L.) below 17487 or at least 1% of the account capital**. Bearish Scenario in case of breaking the buying zone: Sell below 17500 with TP1: 17469; TP2: […]
20/03/2024

GBP/USD Dips as UK Inflation Lower Than Expected

The British pound has extended its losses on Wednesday. In the European session, GBP/USD is trading at 1.2695, down 0.21%. The pound has been on a slide and is down about 1.2% since March 13. UK inflation falls by 3.4% Households in the UK haven’t had much to smile about when it comes to the […]