
The Reserve Bank of New Zealand surprised the markets again by refraining from raising interest rates a day after the country announced a nationwide lockdown due to multiple covid19 cases in the country…
2021-11-11 • Updated
AUD/NZD continues to rise inside the minor impulse wave 3 - which started earlier from the support zone lying between the support level 1.0820 and the 50% Fibonacci retracement of the previous sharp upward impulse wave (v) from the end of February. The upward reversal from this support zone created the daily Japanese candlesticks reversal pattern Morning Star.
AUD/NZD expected to rise to the next sell buy at the resistance level 1.1020 (which stopped the previous minor impulse wave 1 earlier this month).
The Reserve Bank of New Zealand surprised the markets again by refraining from raising interest rates a day after the country announced a nationwide lockdown due to multiple covid19 cases in the country…
Reserve Bank of New Zealand will likely deliver up to two interest rate hikes before the end of the year and many more news!
4H Chart Daily Chart The Reserve Bank of Australia decided to keep the current policy unchanged as widely expected…
On Thursday, the 2nd of February, the Bank of England will publish its report concerning interest rates and inflation data for the Eurozone. Professionals and investors anticipate that Andrew Bailey’s lead team of policy makers will likely raise interest rates to 4%; the highest in over a decade, for the tenth time in a row.
The first FOMC meeting comes after a buildup of anticipation from traders and investors alike, as the markets await what posture the Fed will take regarding the interest rates; would there be a hike or a cut in interest rates?
Western countries are trying to find other options for oil and gas supplies after a 10th package of sanctions, which will put more pressure on Russian oil and decrease global oil supply. Italy, for example, is in talks with Libya.
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