The ECB hiked policy rates by 25bp as expected, bringing the deposit rate to 2.25% at the June meeting. Lagarde highlighted the robustness of the decision to hike rates across a range of scenarios, downplayed growth risks, and emphasised upside risks to the inflation outlook. We now expect the ECB to deliver its second hike […]
The post ECB Review: A Robust Hike, One More to Come appeared first on ActionForex.
Key Highlights USD/JPY corrected some gains but found support at 159.55. It traded below a bullish trend line with support at 160.20 on the 4-hour chart. Bitcoin could start a recovery wave if it clears Read more…
New Zealand’s manufacturing sector slipped back into contraction in May, with the BNZ-BusinessNZ Performance of Manufacturing Index falling from 50.4 to 49.9. While the decline was modest, it marked a notable loss of momentum from Read more…
We affirm our previously published view that the RBA will remain on hold in June, but increase rates in coming months given inflation risks. We affirm our existing expectation that the RBA Monetary Policy Board Read more…