Daily Pivots: (S1) 164.19; (P) 166.39; (R1) 167.67; More… Intraday bias in GBP/.JPY stays neutral at this point. Further rise is in favor as long as 164.95 support holds. Break of 172.11 will resume larger up trend. However, break of 164.95 will bring deeper pull back to 159.71 support and below. In the bigger picture, […]
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AUD/NZD plunged in the Asian session, driven by contrasting developments in Australia and New Zealand. However, it is too early to declare a bearish trend reversal for the cross, with near-term sideways consolidation likely. In Read more…
RBNZ delivered a widely expected 50bps cut to its Official Cash Rate, bringing it down to 4.25%. The central bank maintained easing bias, stating that if economic conditions align with projections, “the Committee expects to Read more…
Media release The Monetary Policy Committee today agreed to reduce the Official Cash Rate by 50 basis points to 4.25 percent. Annual consumer price inflation has declined and is now close to the midpoint of Read more…