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NZD/USD Hits Seven-Week Low Amid Ongoing Sell-off and RBNZ Rate Cuts
The NZD/USD pair has recently hit a seven-week low at 0.6091 due to ongoing sell-off pressure. This decline is mainly linked to the Reserve Bank of New Zealand's (RBNZ) decision to lower interest rates...
Morgan Stanley Raises Brent Price Forecast to $80 for Q4 2024
Morgan Stanley, a renowned financial institution, has recently raised its Brent price forecast to $80 for the fourth quarter of 2024. This upward revision indicates a positive outlook on the future of Brent oil...
Bitcoin Price Forecast: Overcoming Obstacles to Reach New Highs – Action Forex
Bitcoin price has been facing some obstacles in its attempt to break through the $64,000 resistance zone. Despite starting an upward movement above $62,000 and climbing above $63,500, it struggled to surpass key levels.Looking...
Forexlive Americas FX News Wrap: Major Currency Pairs Following Technicals – 8 Oct
Oil inventory data revealed a larger-than-expected build in headline crude oil. The Federal Reserve's Collins stated that labor markets are in a positive state overall. Major indices closed higher, and it was mentioned that...
RBNZ Rate Decision: Impact on NZD/USD – Action Forex
The New Zealand dollar has been on a downward trend for the past six days, experiencing a 3.6% decrease in value during this time. However, on Tuesday, the NZD showed some signs of stabilization...
US Stock Market Update: Stocks Hit Daily Lows | Forexlive
The stock market in the US is currently experiencing a downward trend, with major indices hitting daily lows. The Dow industrial average is leading the decline with a decrease of -1%. This decline is...
Gold Price Rebounds as Buyers Return to Blue Box Area – Action Forex
Gold prices have seen a rebound as buyers returned to the blue box area, according to a technical blog analyzing the 1-hour Elliott Wave Charts of Gold. The recent rally from the low on...
Milton Forecasted to Strengthen to Category 5 Hurricane | Forexlive
The most recent information from both NOAA and Air Force Hurricane Hunter aircraft suggests that Milton is rapidly getting stronger and has now been upgraded to a Category-3 hurricane. "The radar analysis indicates a...
RBNZ Policy Meeting: Will Interest Rates be Cut by 25 or 50 bps?
The Reserve Bank of New Zealand is expected to announce a rate cut during their policy meeting on Wednesday. The decision to cut rates comes as inflation in New Zealand continues to slow down,...
Europe Market Open: APAC Stocks Rise Amid Geopolitical Focus | Forexlive
APAC stocks had a strong start to the week after a positive performance on Wall Street last Friday, thanks to a stellar jobs report. European equity futures are also pointing towards a positive opening,...