Hi people Welcome to Team Decrypters Bonds Yield going Down Causing Bond prices Go Down Which causes Banks to get Liquidated Investors Moving money from Bonds in to BTC & Gold We Expecting 25 BPS
As announced 2pm NZT, the Reserve Bank of New Zealand had a 50 basis-point rate hike. This has caused a rally in the NZD. See our technical analysis on RSI and expected resistance levels.
BIAS: Bullish FUNDAMENTAL BIAS: Bullish Amid the overarching war in Eastern Europe that would attract safe-haven bids for gold & Powell stating we are not "actively considering" a 75bps rate hike should keep gold bullish. TECHNICAL BIAS: Bullish