More and more developed central banks are coming out with the pace of policy tightening in the USA. This morning the Reserve Bank of New Zealand raised its rate by 50 points to 2.0%, repeating its move in April. Analysts expected the decision, but NZDUSD strengthened by 1.4% to levels above 0.6500 hours after the […]
The post Hawkish RBNZ Has Strengthened the NZD. Is there More to Come? appeared first on Action Forex.
Markets The market rebound after the weekend US-China trade truce was confronted the with yesterday’s US April inflation data. The potentially less negative impact of the trade war on the US (and global) economy also Read more…
Daily Pivots: (S1) 195.20; (P) 195.79; (R1) 196.81; More… Intraday bias in GBP/JPY stays on the upside at this point. Decisive break of 195.95 resistance will suggest that whole choppy decline from 199.79 has completed, Read more…
Daily Pivots: (S1) 164.32; (P) 164.77; (R1) 165.41; More… Intraday bias in EUR/JPY stays mildly on the upside at this point. Current rise from 154.77 should extend to 166.67 resistance. On the downside, below 164.10 Read more…