As widely expected, the RBNZ held the OCR at 2.25%. The three internal members voted for no change – including the Governor, with her casting vote – and the three external members voted for a Read more…
AUD/NZD may finally be running into a wall. After months of powerful upside momentum, today’s combination of a hawkish RBNZ shock and softer Australian inflation data delivered the strongest challenge yet to the pair’s medium-term Read more…
The Monetary Policy Committee today voted to hold the OCR at 2.25 percent. Annual consumers price inflation was 3.1 percent in the March quarter. The Middle East conflict is increasing near-term inflation and weakening economic Read more…
The April CPI rose 0.4%mth to be up 4.2%yr. The April CPI rose 0.4%mth to be up 4.2%yr. This represents a moderation from the 4.6%yr pace recorded in March and came in below Westpac’s near-cast Read more…
Key Highlights WTI Crude Oil corrected gains and traded below $100 before the bulls appeared. A few key hurdles are forming near $100.60 and $102.60 on the 4-hour chart of XTI/USD. Gold could extend losses Read more…
Bitcoin and Ethereum continue to move sideways amid ongoing uncertainty over the Iran peace process. Cryptos are not following Nasdaq as strongly as before, pointing to underlying digital asset weakness. Exploring technical analysis and trading Read more…
Nikkei 225: ⬆️ Buy Nikkei 225 broke resistance level 64000.00 Likely to rise to resistance level 68000.00 Nikkei 225 index recently broke above the resistance level 64000.00 – which stopped the previous impulse wave i Read more…
Nasdaq-100: ⬆️ Buy Nasdaq-100 broke key resistance level 29750,00 Likely to rise to resistance level 31000.00 Nasdaq-100 index recently broke above the key resistance level 29750,00 – which stopped the previous impulse wave 3. The Read more…
The Reserve Bank of New Zealand left the Official Cash Rate unchanged at 2.25% today, but the decision delivered a distinctly hawkish message as policymakers signaled that rate hikes are likely coming sooner and more Read more…
Australia’s headline inflation unexpectedly softened in April, reinforcing the view that the Reserve Bank of Australia may remain cautious about delivering further rate hikes despite still-elevated core price pressures. Headline CPI slowed from 4.6% yoy Read more…