Gold price edged higher on Thursday morning, after a four-day pullback from $2088 (Dec 28 high) found a footstep at $2030 (50% retracement of $1973/$2088 upleg). This points to initial signal of a healthy correction of larger uptrend, as technical studies on daily chart remain in predominantly bullish configuration and the metal continues to benefit […]
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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…
Media release The Monetary Policy Committee today agreed to reduce the Official Cash Rate by 50 basis points to 4.25 percent. Annual consumer price inflation has declined and is now close to the midpoint of Read more…