EUR/USD At the beginning of the European session, the bulls’ attempts to break the levels around 1.0981 were rejected and the single European currency continued its downward trend. The full control of the bears over the market continued and, during the breach of the temporary supports on 1.0960, the sell-off deepened with full force to […]
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The RBNZ cut the OCR by 50bps to 4.25% at its final policy meeting for this year. The RBNZ’s OCR forecast profile was revised down as expected and now shows the OCR at 3.55% at Read more…
AUD/NZD plunged in the Asian session, driven by contrasting developments in Australia and New Zealand. However, it is too early to declare a bearish trend reversal for the cross, with near-term sideways consolidation likely. In Read more…
RBNZ delivered a widely expected 50bps cut to its Official Cash Rate, bringing it down to 4.25%. The central bank maintained easing bias, stating that if economic conditions align with projections, “the Committee expects to Read more…