Fundamental backdrop On 27 May, the Reserve Bank of New Zealand kept the Official Cash Rate (OCR) unchanged at 2.25%, in line with market expectations. However, the decision proved finely balanced: the Monetary Policy Committee voted 3–3, with the final decision resting with Governor Anna Brehman. In its updated rate projection path, the regulator signalled […]
The post NZD/USD: RBNZ Decision Strengthens Expectations of Further Rate Hikes appeared first on ActionForex.
The market’s faith in an imminent US-Iran peace breakthrough has clearly weakened today — but it has not disappeared yet. Oil prices jumped again in after fresh military escalation around the Strait of Hormuz reignited Read more…
Overview: Gold is testing its 200-day SMA after two months of consolidation, having failed to revive bullish momentum above 5,000. As the precious metal completes its third negative month, down almost 20% from all-time highs, Read more…
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