While bitcoin stabilized after the selloff earlier this month, there is little momentum for a sustainable recovery. 20k handle is still looking vulnerable. The massive selling by miners are not giving bitcoin much help. According to a Reuters report, the number of coins miners are sending to crypto exchanges has been steadily climbing since June […]
The post Bitcoin lacks momentum for rebound, 20k still vulnerable appeared first on Action Forex.
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…