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As expected, the Reserve Bank of New Zealand cut its key rate by 25 basis points to 3.25%. This cycle was the sixth easing since August last year, totalling 125 b. p. In an accompanying statement, the central bank said inflation accelerated to 2.5% y/y and inflation expectations among companies and households have risen. On […]

The post New Zealand Cut the Rate, But Not the Kiwi appeared first on Action Forex.

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GBP/USD: Initial Supports Hold Pullback for Now

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02/10/2024

Gold Wave Analysis

Gold reversed from support level 2625.00 Likely to rise to resistance level 2685.00 Gold recently reversed up from the support level 2625.00 intersecting with the upper trendline of the daily up channel from July (acting as the support after it was broken in September). The upward reversal from the support level 2625.00 continues the active […]
28/06/2024

CAD: GDP Data Incoming

The Canadian Dollar (CAD) saw volatile movement on Thursday due to mixed US economic data and a lack of domestic updates. With Canada absent from the economic calendar until Friday’s GDP report, the CAD was influenced by US figures. Markets are now focused on the upcoming US Personal Consumption Expenditure (PCE) Price Index, a critical […]
24/01/2025

USD/JPY Increase on Hold: Here’s Why The Pair Could Struggle

Key Highlights USD/JPY started a fresh increase above the 155.80 resistance. It cleared a connecting bearish trend line with resistance at 156.35 on the 4-hour chart. EUR/USD started a consolidation phase below the 1.0465 resistance. GBP/USD could face hurdles near the 1.2400 and 1.2420 levels. USD/JPY Technical Analysis The US Dollar found support at 154.80 […]