Preview of RBNZ: Keeping It Tight
We expect the RBNZ to leave the OCR at 5.5%.
We expect a short statement as with the April Review.
The RBNZ will...
AUD/USD Range-Bound: What Could Spark Fresh Increase?
Key Highlights
AUD/USD is trading in a range below the 0.6700 resistance.
A key rising channel is forming with support at 0.6625 on the...
CADJPY Wave Analysis
CADJPY broke key resistance level 117.00
Likely to reach resistance level 119.00
CADJPY currency pair recently broke through the key resistance level 117.00 (which...
Eurozone: Inflation Deceleration Stalled
According to the Eurostat Flash estimate, the euro area CPI stood at 2.5% y/y, hovering between 2.4% and 2.6% for the past five months....
XTIUSD: Strengthened and Reaching Supply Zone
Bearish Scenario:
Sell below 83.63 (if a PAR* forms) with TP1: 83.00, 82.31, 82.11, and 81.70 in extension with an S.L. above 84.00 or at...
WTI Oil Outlook: Price Rises Above $84 for the First Time in Over Two Months
WTI oil price rose to nine-week high on Tuesday, in extension of strong Monday’s strong rally (up almost 2.5% for the day).
Increased demand due...
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