Weekly Market Outlook: US PCE, GDP, and Earnings Expected to Drive Volatility

We expect the RBNZ to leave the OCR at 5.5%. We expect a short statement as with the April Review. The RBNZ will emphasise the upside risks to consumer spending and inflation emanating from the less contractionary than expected Budget 2024. But they will balance this with some dovish messages associated with potential downside risks […]

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 […]

AUDUSD was in a steady retreat since early March But finds feet and reclaims both SMAs after dovish FOMC Momentum indicators improve drastically AUDUSD had been losing ground since the beginning of March, dropping below its descending 50- and 200-day simple moving averages (SMAs). However, the pair managed to pause its retreat and reverse back higher with […]