Adding to the downward risks for the New Zealand Dollar is the growing expectation that the Reserve Bank of New Zealand (RBNZ) will implement a cut to its official cash rate (OCR) at its upcoming monetary policy meeting in May. Markets have largely...
The GBP/JPY currency pair saw a considerable decline from a two-week high that was close to the important psychological mark of 190. 00, a level that was surpassed earlier on Wednesday. In the early part of European trading, the pair faced...
Technical Examination of GBPNZD For today’s analysis, I am focusing on GBP/NZD. The current market price is located between the resistance level of 2. 2408 and the support level of 2. 2191. The market price has dipped below the resistance,...
Today, I would like to examine the daily chart, which suggests that traders from the north are attempting to penetrate their area of control to stimulate activity in the market for this currency pair. The chart indicates that the price has recently...
Bank of Japan Deputy Governor Shinichi Uchida hinted that the central bank might raise interest rates in line with the prevailing market expectations. His comments come amid a global sell-off in bonds, which has driven the 10-year Japanese...
