We continue to see the RBNZ cutting the OCR 25bp to 3.5% tomorrow. But the risks around the outlook have increased, especially due to the darkening global outlook. Key points: We continue to see the RBNZ cutting the OCR 25bps to 3.5% tomorrow. Today’s sluggish QSBO and the darkening global outlook imply a less positive […]
EUR/USD edged higher in Asia / early Europe on Thursday, hinting that pullback from Monday’s spike high (1.1009) might be over. Signals of formation of a higher base at 1.0900 zone add to positive near-term outlook, as technical studies on daily chart are predominantly bullish, though sustained break above 1.0950/60 zone needed to confirm. On […]
The post EUR/USD Outlook: Looks for Clearer Direction Signal appeared first on Action Forex.
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