The Monetary Policy Committee today increased the Official Cash Rate (OCR) to 1 percent. The Committee also agreed to commence the gradual reduction of the Reserve Bank’s bond holdings under the Large Scale Asset Purchase (LSAP) programme – through both bond maturities and managed sales. The Committee agreed it remains appropriate to continue reducing monetary […]
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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…