RBNZ Chief Economist Paul Conway said annual inflation rate of 7.2% was “obviously too high”. But, he added, “we expect to see inflationary pressures easing going forward” and “are hopeful that it has peaked.” The “very rapid tightening in monetary policy” is starting to have an effect and “there are early signs that the economy […]
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Daily Pivots: (S1) 1.1664; (P) 1.1707; (R1) 1.1732; More…. Range trading continues in EUR/USD and intraday bias stays neutral. Rise from 1.1408 is expected to continue as long as 1.1642 support holds. Firm break of Read more…
Daily Pivots: (S1) 1.3542; (P) 1.3601; (R1) 1.3634; More… Intraday bias in GBP/USD stays neutral as consolidations continue. Further rise is still expected as long as 1.3453 holds. Above 1.3657 will target 61.8% projection of Read more…
Daily Pivots: (S1) 0.7808; (P) 0.7829; (R1) 0.7861; More…. USD/CHF is staying in consolidations above 0.7778 and intraday bias remains neutral. Risk will remain on the downside as long as 0.7923 resistance holds. Firm break Read more…