FX News – The Reserve Bank of New Zealand kept its official cash rate (OCR) at 1.0%. This comes in line with the market’s expectations.
However, the bank also said there was scope for further fiscal and monetary stimulus. Such measures will help bolster the economy that faces worsening global tensions trade conflicts.
The NZ dollar gained against the US dollar...
FX:GBPUSD #GBP/USD From the beginning of September, the price moves in the growth channel. In the last week, the price reached a significant resistance of 1.3299. The latest key information on Brexit caused the rejection of the price of resistance. A large bearish engulfing candle appeared on the daily chart. The chart H4 draws a bearish flag pattern. The...
FX:USDJPY #USD/JPY has been in an upward trend for a long time. The price was close to the key resistance zone 112.78-113.17. The creation of a sales signal in this area may activate sellers. The breakthrough of the growth channel support will be an additional signal for the deepening of the downturn. Currently, the target is the first level of price attack 112.15.
