Traders are closely monitoring the British pound as market speculation suggests the Bank of England (BoE) could soon reduce interest rates by 25 basis points (bps) to 4.75%. The likelihood of another 25 bps cut has also gained traction, as Reuters...
The NZD/JPY pair’s bullish outlook is supported by a well-defined technical framework, suggesting an upward movement of 56 to 82 pips as long as the pivot point at 86.86 remains unbroken. The RSI’s position above 50 reflects a strong market...
Market speculation surrounding the European Central Bank's next policy decision is a key driver of the pair movements. Traders are widely anticipating a 25 basis point (bps) cut in the Deposit Facility Rate at the upcoming ECB meeting. Earlier...
NZD/JPY’s current market structure indicates an optimistic outlook, driven by robust technical factors. The pair’s pivot point at 86.86 acts as a linchpin, ensuring that the bullish momentum remains intact. The preferred scenario anticipates a rise...
The NZD/USD exchange rate demonstrates a persistent bearish outlook, with expectations of a decline ranging from 29 to 43 pips. The critical pivot point at 0.5608 acts as a key resistance level, marking the boundary between a continuation of the...
