Logo-color Logo-white

The OCR remains at 5.5%. The RBNZ’s monetary policy strategy remains unchanged, implying the OCR will remain at 5.5% until 2025 – in line with Westpac’s forecasts. The OCR remains at 5.5%. The RBNZ reduced their OCR forward profile, implying around a 40% chance of a further OCR increase. The RBNZ’s inflation forecasts were revised […]

The post NZ First Impressions: RBNZ Monetary Policy Statement appeared first on Action Forex.

previous

Bitcoin Price Surges Toward $60K, US GDP Report Next

next

Gold Price and Crude Oil Price Eye More Upsides

Read More

19/11/2024

Canadian Inflation Jumps Higher in October

Headline CPI inflation increased in October to 2.0% year-on-year (y/y), above expectations for a 1.9% y/y print and up from the 1.6% y/y reading from September. The acceleration was due to base-year effects on gasoline prices (the impact of price changes from a year ago falling out of the data), which were down 4.0% y/y, […]
08/07/2024

Ethereum (ETHUSD) Incomplete Sequences Calling the Decline

Hello fellow traders. In this technical blog we’re going to take a quick look at the Elliott Wave charts of Ethereum (ETHUSD). As our members know, ETHUSD is showing incomplete sequences in the cycle from the 3977 peak. We have been predicting a price decline. Recently, we got a bounce against the 3650 peak , […]
03/10/2024

Sterling Loses Ground Following BoE Bailey’s Interview by Guardian

Markets Core bonds reversed the safe-haven triggered gains of Tuesday. US yields rose by 3.7 bps (2-yr) to 5.8 bps (30-yr) while German yields rose by 1.9 bps (2-yr) to 5.5 bps (30-yr). The US underperformance at the front end of the curve was linked to a decent ADP employment report (143k from 103k vs […]