RBA Governor Bullock speaks on policy outlook after the expected interest rate hike

RBA Governor Bullock speaks on policy outlook after the expected interest rate hike

Reserve Bank of Australia (RBA) Governor Michele Bullock is addressing the press conference, explaining the reasons behind raising the benchmark interest rate by 25 basis points (bps) to 4.10% after the March monetary policy meeting. Bullock is responding to media questions as part of a new reporting format for the central bank that began last […]

NZD/USD dips below mid-0.5800s as USD gains, focus on Fed and NZ GDP

NZD/USD dips below mid-0.5800s as USD gains, focus on Fed and NZ GDP

The NZD/USD pair meets with a fresh supply during the Asian session on Tuesday and erodes a part of the previous day’s solid recovery from the vicinity of a one-month low, touched last week. Spot prices currently trade just below mid-0.5800s and seem vulnerable while below a technically significant 200-day Simple Moving Average (SMA). Investors […]

GBP/USD bounces from lows as US Dollar retreats

GBP/USD bounces from lows as US Dollar retreats

GBP/USD gained almost 0.75% on Monday, bouncing from Friday’s low close to 1.3220 to settle on the high side of 1.3300. The session’s recovery looks corrective rather than the start of a new trend; the pair remains in a clear downtrend from the late-January high near 1.3870, and Monday’s candle has yet to challenge the […]