New Zealand Dollar rises broadly after more hawkish than expected RBNZ policy decision. NZD/USD is extending the rebound from 0.6528 short term bottom. Further rise is now expected as long as 0.6679 minor support holds, Read more…
RBNZ raised OCR by 25bps to 1.00% as widely expected. Additionally, it will start to start reduction of the bond holdings under the Large Scale Asset Purchase program through “both bond maturities and managed sales. Read more…
The Monetary Policy Committee today increased the Official Cash Rate (OCR) to 1 percent. The Committee also agreed to commence the gradual reduction of the Reserve Bank’s bond holdings under the Large Scale Asset Purchase Read more…
Atlanta Fed President Raphael Bostic said yesterday that the US economy is “still quite strong”. It’s in a situation “where it can stand on its own”. Thus, Fed can pull back some emergency support “without Read more…
DXY: On the H4 chart price is abiding by an ascending trendline and between 1st resistance level of 96.432 in line with 61.8% Fibonacci projection, 50% Fibonacci retracement and 1st support level of 95.690 in Read more…
First impressions of the RBNZ’s February 2022 Monetary Policy Statement. RBNZ Monetary Policy Statement, February 2022 The Reserve Bank’s decision to increase the OCR by 25 basis points to 1% was as expected. However, the Read more…
Key Highlights Gold price rallied above the $1,880 and $1,900 resistance levels. A key bullish trend line is forming with support near $1,875 on the 4-hours chart. EUR/USD is still struggling to clear the 1.1400 Read more…
Around the 10th of this month, the markets focus switched from Federal Reserve rate hike pathways to the Russian military buildup on the Ukraine border. The key U.S. stock market, the S&P500, is trading 5% Read more…
As Russia was building troops along the Ukraine border, Gold (XAU/USD) was nearing the apex of a long-term symmetrical triangle. Finally, on February 11th, as the “flight to safety” trade began in earnest, Gold broke Read more…
The Gold market presented significant strength moving upwards in the most recent daily sessions. Gold has moved in positive territory for the past 3 consecutive weekly sessions, while it is currently trading at a new Read more…