Daily Pivots: (S1) 1.0842; (P) 1.0863; (R1) 1.0879; More… EUR/USD retreated after edging higher to 1.0884 and intraday bias is turned neutral again. Further rise would be mildly in favor as long as 1.0790 minor Read more…
New Zealand Dollar rises broadly in Asian session following RBNZ’s decision to keep interest rates steady. The central bank’s “limited tolerance” for delaying the achievement of its inflation target conveyed a hawkish tone. Rate cuts Read more…
BoC is widely expected to keep interest rate unchanged at 5.00% today and the main focus is whether Governor Tiff Macklem would start to change the tune to lay down the groundwork for a June Read more…
Staying the course The RBNZ left the OCR at 5.5% as expected. The record of the meeting states that the risks to the outlook were viewed as “little changed” since the February Statement. The minutes Read more…
Key Highlights NZD/USD is attempting a fresh increase above the 0.6000 resistance zone. It broke a major bearish trend line with resistance at 0.5990 on the 4-hour chart. Gold prices remain elevated ahead of the Read more…
New Zealand Dollar is steady after RBNZ left interest rate unchanged and drops not clue on the timing of interest rate cuts. NZD/JPY’s focus is staying on 92.18 resistance. Decisive break there will argue that Read more…
RBNZ maintained Official Cash Rate unchanged at 5.50%, aligning with market expectations. This decision comes with reiterated commitment to “restrictive monetary policy stance,” deemed necessary to alleviate capacity pressures and guide inflation back within the Read more…
In today’s parliamentary address, BoJ Governor Kazuo Ueda reaffirmed the Bank of Japan’s stance on continuing its accommodative monetary policy, underscoring the short-term interest rate as the “primary policy tool.” A key focus for BoJ, Read more…
The Monetary Policy Committee today agreed to leave the Official Cash Rate (OCR) at 5.50 percent. The New Zealand economy continues to evolve as anticipated by the Monetary Policy Committee. Current consumer price inflation remains Read more…
Atlanta Fed President Raphael Bostic recently highlighted the possibility that rate cuts May have “to move further out” given that the US eocnomy economy has been “so robust, and so strong, and so resilient”. Further Read more…