First impressions of the RBNZ’s February 2022 Monetary Policy Statement. RBNZ Monetary Policy Statement, February 2022 The Reserve Bank’s decision to increase the OCR by 25 basis points to 1% was as expected. However, the overall tone of the statement was notably more hawkish. The Committee noted that the decision between a 25bp and a […]
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AUD/JPY is setting up for a potential upside breakout toward 120 psychological level, with the next move likely to be decided by a high-stakes combination of BoJ policy and Australian inflation data. Today’s bounce suggests Read more…
Despite the cancellation of a second round of US–Iran talks, crude oil prices showed little urgency to push higher, with Brent holding near $106 and WTI anchored around $98. In earlier phases of the conflict, Read more…
Key Highlights EUR/USD corrected gains and tested the 1.1665 support. A bullish trend line is forming with support at 1.1690 on the 4-hour chart. GBP/USD could continue to move higher toward the 1.3620 resistance. Gold Read more…