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After Powell and CPI data, dollar traders turn to Fed minutes. RBA to cut rates by 25bps, focus on forward guidance. RBNZ may opt for a third consecutive 50bps rate cut. UK, Canadian and Japan’s CPI data also in focus. Will the minutes confirm hawkish Fed bets? The US dollar started the week on a […]

The post Week ahead – Fed Minutes, RBA and RBNZ Decisions in Focus appeared first on Action Forex.

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12/08/2024

Will RBNZ Start Cutting Rates Sooner Than Later

RBNZ could keep interest rates steady but signal easing sooner rather than later Economic picture shows signs of stress but no red flags yet NZDUSD approaches 0.6060-0.6080 resistance territory NZ employment data sway rate cut bets Q2 employment data from New Zealand exceeded the forecasts, leading to a reevaluation of rate cut expectations and a subsequent bullish movement in NZDUSD. However, […]
16/08/2024

Skating to Where the Puck Used to Be

Data revisions have partly undercut the RBA’s narrative of lower aggregate supply than expected. The RBA will need to skate to where the labour market is going to go, not where it used to be. Recent events have not materially changed our view about the outlook for the Australian economy. Recent communication from the RBA […]
02/10/2024

Changing of Guard at Swiss National Bank

The Swiss franc is calm on Wednesday. In the European session, USD/CHF is trading at 0.8454, up 0.13% on the day. SNB welcomes Schlegel – will he bring more of the same? Martin Schlegel has taken over as the new president of the Swiss National Bank, replacing long-term head Thomas Jordan. Schlegel gave his first […]