The Reserve Bank of New Zealand has today raised the Official Cash Rate by 50 basis points to 3%. It is the RBNZ’s fourth straight 50bp hike in a row, in a tightening cycle that Read more…
Sometimes the obvious needs to be said. And that is exactly what the BOC’s deputy governor said in his op-ed by stating inflation “remains far too high”. Despite CPI falling to 7.6% y/y from 8.1% Read more…
USD/JPY: On the H4 chart, prices seem to have pulled back a little but the overall trend is still bearish biased. Price has broken the intermediate resistance at 133.908 which is the 50% Fibonacci retracement Read more…
Key Highlights Gold price started a downside correction from the $1,800 resistance zone. It traded below a key bullish trend line with support at $1,792 on the 4-hours chart. EUR/USD extended losses below 1.0200 before Read more…
Short Term Elliott Wave View in S&P 500 (SPX) suggests the rally from 6.17.2022 low is unfolding as a 5 waves impulse Elliott Wave structure. Up from 6.17.2022 low, wave 1 ended at 3925.75 and Read more…
GBPJPY reversed from support area Likely to rise to resistance level 163.65 GBPJPY currency pair recently reversed up from the support area lying between the key support level 160.50 (which has been reversing the price Read more…
The billionaire CEO of Tesla seems to be seems to be closely following the performance of Manchester United, one of the most legendary clubs in soccer. Is he serious or is it just a big Read more…
In order to dodge a recession and the investor anxiety that comes with it, regulators must pay close attention to certain benchmarks. If there wasn’t so much on the line, you might think that Americans Read more…
In order to build steely acceptance, investors first need to hope for the best but expect the worst. Investors have already had a rollercoaster year in 2022, and it’s only mid-August. From the beginning of Read more…