The RBNZ left the OCR at 5.5% as expected. The RBNZ took a more dovish view – easing looks to be coming earlier than they previously thought. The short-term inflation outlook seems more comfortable for Read more…
China’s CPI slowed to 0.2% yoy in June, down from 0.3% yoy in May, missing expectations of a 0.4% yoy increase. Core CPI, which excludes volatile food and energy prices, rose by 0.6% yoy, unchanged Read more…
Key Highlights Bitcoin price crashed below the $60,000 and $58,500 support levels. BTC is trading below a key bearish trend line with resistance at $60,500 on the 4-hour chart. Ethereum tested the $2,850 support before Read more…
AUD/NZD soars sharply higher after RBNZ softened its hawkish stance, incorporating language in its latest statement that suggests a shift towards monetary easing. This change has created prospects for stronger rally in the cross, driven Read more…
RBNZ left OCR unchanged at 5.50%, as widely expected. The central bank softened its hawkish stance in the accompanying statement, indicating that the extent of monetary restriction “will be tempered over time consistent with the Read more…
Restrictive monetary policy has significantly reduced consumer price inflation, with the Committee expecting headline inflation to return to within the 1 to 3 percent target range in the second half of this year. The decline Read more…
USDJPY reversed from the key support level 160.00 Likely to rise to the resistance level 162.00 USDJPY currency pair recently reversed up from the key support level 160.00 (former resistance from April, which stopped the Read more…
GBPUSD reversed from the long-term resistance level 1.2850 Likely to fall to support level 1.2725 GBPUSD currency pair is under bearish pressure after the earlier downward reversal from the long-term resistance level 1.2850, which has Read more…
We all did or heard about someone who did something like this after getting our driver’s licenses in high school. Let’s set the scene: You beg to borrow the family car on Friday night so Read more…
Well, so much for going green. If you’re looking to pick up a salad the next time you go to McDonald’s (MCD) , you’ll have to look somewhere else as the burger behemoth removed the Read more…