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 corrective pull back from 93.42 has completed with three waves down to 90.08. larger rise from 80.42 would then be […]
The post NZD/JPY steady after RBNZ, pressing 92.18 resistance appeared first on Action Forex.
RBA hikes cash rate to 4.1% in a 5:4 vote. Perceived capacity pressures and inflationary impacts of the Middle East conflict were key concerns. As was widely expected, the RBA Monetary Policy Board (MPB) raised Read more…
The early spike in oil prices faded throughout yesterday’s trading session, pulling both US and Brent crude below the $100pb mark on news that a few tankers could transit through the Strait of Hormuz. There Read more…
In focus today Focus remains on tensions in the Middle East and its impact on energy markets. In Germany, we will receive the ZEW survey data for March. Recent months have shown an improvement in Read more…