New Zealand Dollar surges sharply after hawkish RBNZ holds, which hints at another rate hike in Q2 next year. From a technical standpoint, NZD/USD’s rally from 0.5771 accelerates to as high as 0.6206 so far Read more…
TheStreet aims to feature only the best products and services. If you buy something via one of our links, we may earn a commission. It’s that time of year when temperatures start to drop in Read more…
Short description: The RBNZ left the OCR at 5.5% as expected but was more hawkish on future prospects. The RBNZ’s projections continue to reflect the risk of further increases in the OCR in 2024. An Read more…
RBNZ decided to keep the Official Cash Rate steady at 5.50%, aligning with market expectations. However, a significant aspect of their announcement is the upward revision of their “rate track.” According to the bank’s forecasts Read more…
The Monetary Policy Committee today agreed to maintain the Official Cash Rate at 5.50%. Interest rates are restricting spending in the economy and consumer price inflation is declining, as is necessary to meet the Committee’s Read more…
Oil prices slide after OPEC+ alliance delays meeting But recent headlines point to consensus Oil prices could gain, but any recovery may prove limited The meeting was postponed from Sunday to this Thursday OPEC+ delays Read more…
The EURUSD pair is currently making steady gains, approaching multi-month highs around 1.0960, driven by a weakened USD and Christine Lagarde’s somewhat hawkish remarks before the European Parliament. Minor housing data from the U.S., specifically Read more…
EURUSD broke resistance level 1.0950 Likely to rise to resistance level 1.1065 EURUSD currency pair recently broke the key resistance level 1.0950, intersecting with the 61.8% Fibonacci correction of the downward impulse from July. The Read more…
USDCHF broke key support level 0.8900 Likely to fall to support level 0.8700 USDCHF currency pair continues to fall inside the minor impulse wave 3, which previously broke the key support level 0.8900, coinciding with Read more…
Financial market volatility has plunged to its lowest level in almost four years, according to the VIX index. This so-called “fear index” fell to 12.45 on Friday, the lowest level since January 2020. Such low Read more…