Bank of New Zealand (NZ) prepares to cut policy rate by more than expected, 0.50%! Bitcoin stays around 1.2 million yen [August 7 (Wednesday)]
In this video, we will check important economic indicators and market conditions for Wednesday, August 7, the movement of charts, and the ranking of popular Expert Advisors (EAs).
■Video
<Reference site>
Yahoo! JAPAN Finance
https://info.finance.yahoo.co.jp/fx/marketcalendar/
■Today's Key Points
・New Zealand: Focus on the Reserve Bank of New Zealand (RBNZ) policy rate announcement!
※1.50% → 1.00% rate cut. The forecast was a rate cut to 1.25%, which was a surprise for the market.
・Indirect intervention occurred, leading to yen selling and dollar buying, causing the USD/JPY to rise. It is trading in the low 106 yen area.
・Bitcoin/yen briefly surpassed 1,300,000 yen yesterday but was pushed back, hovering again in the 1,220,000 yen range.
・Best-selling EA rankings remain unchanged: 1st “Swing_Max_GBPUSD,” 2nd “Dual-Cast.” 3rd is back at “Avail -USDJPY-.”
■NZD/JPY, 1-hour chart
Source: TradingView NZDJPY chart
■USD/JPY, 1-hour chart
Source: TradingView USDJPY chart
■Bitcoin/yen, 1-hour chartSource: TradingView BTCJPY chart
===============================================
For the subscription-based service「Money Up」,
you can pre-read articles by famous traders’ trading methods, and access numerous video contents that visualize them,
as well as almost all articles from the monthly magazine ‘FX Tactics.com’ released before the launch date,
and more content becomes unlimited reading and viewing for a monthly fee of 980 yen!
For detailshere