NZD/USD’s down trend resumes this week by breaking 0.6700 support and hit as low as 0.6659 so far. Immediate focus is now on channel support at 0.6640. Firm break there will be a sign of downside acceleration. Next near term target is 61.8% projection of 0.7217 to 0.6700 from 0.6889 at 0.6569 and then 100% […]
The post NZD/USD extends down trend, to test channel support first appeared first on Action Forex.
Tokyo’s November CPI data pointed to resurgence of inflation pressures in Japan, raising expectations for BoJ to tighten policy further. Tokyo Core CPI, excluding food, climbed from 1.8% yoy to 2.2% yoy, beating expectations of Read more…
Headlines on Thursday revealed that Israel may have violated the recent Gaza ceasefire just one day after it began, with reports of tactical military actions targeting areas not included in the agreement. Meanwhile, OPEC+ postponed Read more…
The shift to a more services-based economy increases economy-wide depreciation rates, and so the need to invest. Higher average interest rates – and economy-wide profit shares – are among the likely results. An important reason Read more…