Markets Fed Chair Powell yesterday rubberstamped a delay of the inaugural Fed rate cut as inflation doesn’t provide the confidence needed to ease policy anytime soon. Yields yesterday still gained a few bps, but today markets came to a short term evaluation point. US yields change between -5 bps (5 & 10-y) and -3 bps […]
GBPNZD, Daily In the Daily timeframe, GBPNZD has formed a head and shoulders pattern. Price has fallen towards the neckline, testing a substantial support area, with the AO again indicating a rising bearish sentiment. A break of support below 2.1900 will drop the price to 2.1470; A rebound from support will take GBPNZD back to […]
The post GBPNZD: Head and Shoulders appeared first on Action Forex.
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