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We now expect the RBNZ to cut the OCR by 50bps to 4.75% at the October Monetary Policy Review. We also expect another 50bps cut to 4.25% at the November Monetary Policy Statement. The projected step up in the pace of easing in October is a more finely balanced decision (perhaps a 60% probability) whereas […]

The post RBNZ: What Are You Waiting for? OCR to be Cut 50bps in Both October and November appeared first on Action Forex.

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21/06/2024

Cliff Notes: Deliberating on Evolving Risks

Key insights from the week that was. In Australia, the RBA Board once again left the cash rate unchanged at 4.35%. The Board’s statement emphasised that there remains considerable uncertainty around the economic outlook, particularly as it relates to policy lags, the path for consumption, and consequently inflation’s path back to target. Strong population growth […]
20/03/2024

Correction in Crypto Markets: BTC/USD Rate Drops to $60,000

On March 18, we wrote that bears became more active near the $70,000 level. As the BTC/USD chart shows, today the price of Bitcoin is already close to the psychological level of USD 60k, while the price of Ethereum is close to USD 3,000. According to MarketWatch, experts consider the decline to be a correction […]
16/10/2024

GBP/USD Drops Below 1.30 on Soft Inflation Report

The British pound has finally showed some movement on Wednesday after a week of limited movement. In the European session, GBP/USD is trading at 1.2992, down 0.62% on the day. The pound fell below the symbolic 1.30 level for the first time since August 20. UK inflation drops more than expected The UK inflation report […]