The Monetary Policy Committee (MPC) is an internal committee of the Reserve Bank of New Zealand (RBNZ) and is responsible for formulating monetary policy in New Zealand, directed towards the economic objectives of achieving and maintaining stability in the general level of prices over the medium term and supporting maximum sustainable employment. There are many [...]
Bitcoin trades high against the greenback today. As per a recent news, Crypto market intelligence firm Decentrader said that “there are zero instances of Bitcoin breaking significant previous all-time highs and failing to continue higher.” They anticipate the Bitcoin Bull Run to continue with a possible target objective at $72,000 and then $88,000. Last week [...]
Fundamental view: Bitcoin gained against the greenback in this week. Bitcoin price took off as rumors of an ETF approval gained momentum. On October 21, ProShares’ Bitcoin futures ETF (BITO) was debuted on the NYSE. While the regulators had delayed the approval since 2017, things have started to improve considerably in 2021, from real institutional adoption to approval of Bitcoin [...]
Fundamental view: The yellow metal made impressive gains against the greenback this week. Disappointing growth data from China soured the market mood and helped the dollar in return in the starting of the week. As the rally in US stocks picked up, gold gathered bullish momentum and climbed to fresh weekly highs above $1,790. The [...]
