Logo-color Logo-white

The New Zealand dollar has started the trading week with losses. In the European session, NZD/USD is trading at 0.5837, down 0.50% on the day. This is the New Zealand dollar’s lowest level since November 2023. New Zealand Services PMI stuck in contraction mode New Zealand Services PMI inched upwards in October but remains in […]

The post New Zealand Dollar Slips to One-Year Low on Weak Services PSI appeared first on Action Forex.

previous

Altcoins Gain Momentum

next

Will Fed-ECB Policy Gap Sink Euro? EUR/USD Analysis

Read More

09/12/2023

The Weekly Bottom Line: The (Re)balancing Act Continues

U.S. Highlights The U.S. economy continued to add jobs in November, while the unemployment rate dipped, and wage growth held steady. The JOLTS data also showed a narrowing gap between labor demand and supply, which suggests that activity in the labor market continues to normalize and come into better balance. The ISM services index showed […]
31/01/2024

CADJPY Perfect Reaction Higher From Equal Legs Area

In this technical blog, we will look at the past performance of the 1-hour Elliott Wave Charts of the CADJPY. The rally from the 07 December 2023 low showed a higher high sequence & provided a short-term extreme trading opportunity. In this case, the pullback managed to reach the equal legs area & provided a […]
15/03/2024

Weekly Focus – Will SNB Lead the Way in Cutting Cycle?

US inflation data was the centre of attention this week for financial markets, as price pressures remain elevated. Monthly core CPI inflation of 0.4% for the second consecutive month is too high for the Fed as strong wage growth pushes service prices higher at an annualised 7% pace. Markets zigzagged somewhat on the release but […]