Daily Pivots: (S1) 142.18; (P) 142.96; (R1) 144.07; More… USD/JPY’s rebound from 140.25 short term bottom accelerates higher today and met 38.2% retracement of 151.89 to 140.25 at 144.69 already. Intraday bias will stay on the upside as long as 142.84 minor support holds. Sustained break of 144.94 resistance will bring further rally to 61.8% […]
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The RBNZ cut the OCR by 50bps to 4.25% at its final policy meeting for this year. The RBNZ’s OCR forecast profile was revised down as expected and now shows the OCR at 3.55% at Read more…
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…