The Reserve Bank lifted the OCR by 50 basis points as widely expected, and signalled further large moves to come. While it’s a more assertive profile than we expected from the RBNZ today, it’s in line with our forecast of how 2022 will ultimately play out. RBNZ Monetary Policy Statement, May 2022 The Reserve Bank […]
The post First Impressions: RBNZ Monetary Policy Statement, May 2022 appeared first on Action Forex.
Australia’s Wage Price Index rose by 0.9% qoq in Q1, slightly above market expectations of 0.8% qoq. Public sector saw a stronger 1.0% qoq gain, outpacing the 0.9% qoq rise in private sector. On an Read more…
Japan’s PPI rose 4.0% year-on-year in April, easing slightly from 4.3% yoy in March and matching market expectations. Despite the modest slowdown, the index climbed to a fresh record high of 126.3, marking the eighth Read more…
Key Highlights Ethereum rallied over 25% and cleared the $2,500 resistance. ETH surpassed a key bearish trend line with resistance at $1,820 on the daily chart. Bitcoin price also rallied and surpassed the $102,500 resistance. Read more…