The OCR looks set to end 2025 at 3.25% – lower than previously thought. We continue to see a 50bp cut in February but now think it will be followed up with 25bp cuts in April and May 2025. GDP printed sharply lower in Q2 and Q3 2024 – falling a cumulative 2.1%. The RBNZ […]
The post RBNZ OCR Change of Call: Weak GDP Implies a Lower Trough in the OCR appeared first on Action Forex.
Gold rises above 2,600 again RSI and stochastics suggest more upside moves Gold prices are recouping some significant losses that were posted after the Fed’s policy decision on Wednesday to cut rates by 25 bps. Read more…
GBPUSD shows some recovery after three-week low Technical signals reflect persisting selling interest BoE rate decision next in focus at 12:00 GMT GBPUSD is trying to heal its wounds after taking a hit from the Read more…
According to the USD/JPY chart today, the US dollar has climbed to 157 yen. This movement was driven by monetary policies of both countries’ central banks. The Federal Reserve took a hawkish stance, with Chair Read more…