NZD/USD recovers notably after RBNZ rate hike, but stays in range below 0.6467 temporary top. Outlook is staying bullish for now, as NZD/USD is trying to draw support from head and shoulder neckline (ls: 0.6195, Read more…
RBNZ raises the Official Cash Rate by 50bps to 3.00% as widely expected, as “core consumer price inflation remains too high and labour resources remain scarce”. It also maintains hawkish bias as “committee members agreed Read more…
The Monetary Policy Committee today increased the Official Cash Rate (OCR) to 3 percent from 2.5 percent. The Monetary Policy Committee today increased the Official Cash Rate (OCR) to 3 percent from 2.5 percent. The Read more…
Another 50 basis point hike in the OCR to 3%, with the Reserve Bank firmly focused on inflation developments. RBNZ Monetary Policy Statement, August 2022 • The Reserve Bank has increased the Official Cash Rate Read more…
The Reserve Bank of New Zealand has today raised the Official Cash Rate by 50 basis points to 3%. It is the RBNZ’s fourth straight 50bp hike in a row, in a tightening cycle that Read more…
Sometimes the obvious needs to be said. And that is exactly what the BOC’s deputy governor said in his op-ed by stating inflation “remains far too high”. Despite CPI falling to 7.6% y/y from 8.1% Read more…
USD/JPY: On the H4 chart, prices seem to have pulled back a little but the overall trend is still bearish biased. Price has broken the intermediate resistance at 133.908 which is the 50% Fibonacci retracement Read more…
Key Highlights Gold price started a downside correction from the $1,800 resistance zone. It traded below a key bullish trend line with support at $1,792 on the 4-hours chart. EUR/USD extended losses below 1.0200 before Read more…
Short Term Elliott Wave View in S&P 500 (SPX) suggests the rally from 6.17.2022 low is unfolding as a 5 waves impulse Elliott Wave structure. Up from 6.17.2022 low, wave 1 ended at 3925.75 and Read more…
GBPJPY reversed from support area Likely to rise to resistance level 163.65 GBPJPY currency pair recently reversed up from the support area lying between the key support level 160.50 (which has been reversing the price Read more…