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RBNZ is expected to cut rates by 50 bps at its last policy meeting of 2024 But will PCE inflation data give the green light for a Fed cut? Eurozone flash CPI also critical for ECB’s December decision RBNZ set for third rate cut  The Reserve Bank of New Zealand will kick-start the end of […]

The post Week Ahead – RBNZ to Slash Rates Ahead of US and Eurozone Inflation Data appeared first on Action Forex.

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07/11/2024

Gold Price Takes Hit While WTI Crude Oil Eyes Upsides

Gold price is declining below the $2,700 support zone. Crude oil price is rising and it could climb further higher toward the $75.00 resistance. Important Takeaways for Gold and WTI Crude Oil Prices Analysis Today Gold price failed to clear the $2,800 resistance and corrected lower against the US Dollar. There is a key bearish […]
27/04/2024

GDP Data to show Canadian Economy Lost Momentum Late in First Quarter

On Tuesday, we expect Canadian gross domestic product in February to show a more subdued 0.1% increase than the 0.6% jump in January and below the 0.4% advance estimate released a month ago. The surge in January output was in part tied to transitory factors that will not happen again. Half of the increase came […]
09/10/2024

S&P 500, Nasdaq 100 – Futures Hold High Ground as US Considers a Breakup of Google

The US Justice Department may force Google to divest parts of its business due to antitrust concerns. S&P 500 and Nasdaq 100: Despite market uncertainty, these indexes had a strong day on Tuesday, recovering from Monday’s losses. Following a disappointing update from the National Reform Commission in China, US-listed Chinese stocks like Alibaba, PDD Holdings, […]