RBNZ lowered the Official Cash Rate by 25 basis points to 3.25%, in line with market expectations. The decision was not unanimous, passed by a 5-1 vote. The central bank emphasized that inflation is now within the target band and is “well placed” to respond to both domestic and international developments. Meeting minutes revealed that […]
The post RBNZ cuts OCR to 3.25%, one member favors holding steady appeared first on Action Forex.
WTI crude oil futures repeatedly bounce off 60.13. Momentum oscillators suggest bullish move. WTI crude oil futures are rebounding off the 60.13-60.50 support region, which encapsulates the 23.6% Fibonacci retracement level of the downward wave Read more…
The USD/JPY and EUR/USD currency pairs are showing moderate corrections. Market participants are locking in profits and shifting to a wait-and-see approach after the release of the Federal Reserve’s meeting minutes, in which the regulator Read more…
According to media reports, the US Court of International Trade has: declared the tariffs imposed by President Donald Trump illegal; ruled that the President exceeded his authority; blocked the tariffs, emphasising that under the US Read more…