Kiwi showed downtrend showing reaction to the recent August RBNZ monetary policy decision and Country lock down. New Zealand RBNZ releases it monetary policy today, which agreed to kept the Official Cash Rate (OCR) on hold at 0.25 per cent for now. Reserve Bank governor Adrian Orr said on today that decision made among the [...]
Aussie draw-out its second day low on today market session after the release of RBA minutes. The Aussie pair reacted to the recent RBA monetary meeting. Recent RBA minutes highlight the impact of the corona virus on the Oz economy, saying that "recent eruptions of the delta variant of Covid-19 have hampered recovery". In Monetary [...]
The USD/JPY is on consolidated downtrend from last week Friday and the catalyst behind it could be weaker-than-expected consumer sentiment report, which drove U.S. Treasury yields sharply lower. It has swiped out all the previous gains of bullish U.S. Non-Farm payrolls report. According to the University of Michigan, US consumer sentiment fell to its lowest [...]
Gold extends its exciting moment from its continuing moment in today’s Asian session. Expecting the Federal Reserve to anticipate property purchases may be low, another reason for the solid dollar and yield to offset Thursday. Importantly, gold bulls have stabilized the market following recent selling pressure that hit a low of less than four months [...]
