NZ Dollar Under Pressure as Services Data Disappoints

European Central Bank (ECB) policymaker Olli Rehn stated on Wednesday that market expectations of the ECB reducing interest rates twice more this year, reaching 2.25% by 2025, are “reasonable,” according to Bloomberg. The Finnish central bank chief emphasized the need to bring inflation back to 2% without significantly hindering economic activity. Following Rehn’s comments, the […]

GBPJPY reversed from key support level 188.50 Likely to rise to resistance level 191.20 GBPJPY currency pair recently reversed up from the key support level 188.50 (former monthly high from November and January). The support level 188.50 was strengthened by the lower daily Bollinger Band and by the 50% Fibonacci correction of the upward impulse […]

Nonfarm payrolls report and European flash CPI to shape rate cut bets ISM PMIs to also be important for Fed expectations and US dollar Canadian employment and Chinese PMIs also on the agenda Fed hawks rear their ugly heads The March round of policy meetings reinforced June as the likely date when most central banks […]