RBNZ Gov. Orr says forecasts show upward bias to rates, but not a done deal

RBNZ Governor Orr press conference following the policy decision: RBNZ leaves cash rate unchanged at 5.5%, as expected RBNZ Policy Meeting: NZD/USD surges Via Westpac: The risk of an RBNZ rate hike “is real” From Orr: Meeting with new PM was highly constructive We’ve been adamant on holding rates through next year Projection shows upward

USD/CAD hovers around 1.3680 with a negative bias amid lowered Crude prices

Share: USD/CAD seems biased to move downward despite the weakening in Crude oil prices. WTI prices lose ground on an unexpected delay in an upcoming OPEC+ meeting. US economic data turn investors to perceive persistent inflation in the country. USD/CAD seems to extend its losses for the third consecutive session, trading slightly lower

GBPUSD tests key 200-Day MA, signals a bearish bias

GBPUSD on the daily chart is testing the 200 day MA The GBPUSD is extending to the downside and now tests its key 200-day moving average of 1.2449 (see green line on the daily chart above). The price is also below its broken 38.2% retracement of the move down from the July high. The level

Australian Dollar moves around a major level with a negative bias

Share: Australian Dollar could continue its downward trajectory. Australia’s central bank adopted a dovish stance in their recent meeting. US Dollar seems lukewarm, despite the positive tone of US bond yields. The Australian Dollar (AUD) aims to continue a week-long slump while the US Dollar (USD) keeps weakening on Monday despite higher US Treasury

Fed Stays Put, Keeps Hiking Bias; Gold & US Dollar Display Limited Volatility

FOMC INTEREST RATE DECISION KEY POINTS The Federal Reserve stands pat on monetary policy, keeping interest rates unchanged at 5.25%-5.50% for the second straight meeting Forward guidance leaves the door open for further policy firming Gold and the U.S. dollar display limited volatility after the FOMC statement was released as traders await Powell’s press conference

Bank of Canada interest rate pause continued, with a “clear hiking bias”

The Bank of Canada left its overnight rate unchanged at 5%, although other events overtook the news on it: Via, RBC, their ‘Bottom Line” response, in brief: CPI readings still running well above the 2% target, the BoC is firmly focused on getting inflation under control. Slower than expected progress is a concern. But evidence