Retail sales were flat month-on-month (m/m) in July – a notch below the consensus forecast (+0.1% m/m) – and decelerating from June’s reading, which was revised down to 0.8% m/m from 1.0% m/m reported earlier. Read more…
RBNZ delivers another 0.50% hike The New Zealand dollar has taken a tumble today. In the European session, NZD/USD has declined by 0.88% and is trading at 0.6289. We continue to see plenty of volatility Read more…
Daily Pivots: (S1) 1.0131; (P) 1.0163; (R1) 1.0203; More… Intraday bias in EUR/USD remains mildly on the downside despite loss of downside momentum. Rebound from 0.9951 should have completed at 1.0368 after rejection by 55 Read more…
Daily Pivots: (S1) 1.2031; (P) 1.2075; (R1) 1.2141; More… Range trading continues in GBP/USD and intraday bias remains neutral. On the downside, break of 1.2002 minor support will argue that rebound from 1.1759 has completed, Read more…
Daily Pivots: (S1) 0.9461; (P) 0.9488; (R1) 0.9522; More… Intraday bias in USD/CHF stays neutral at this point. Recovery from 0.9369 should be limited well below 0.9648 resistance to bring another fall. On the downside, Read more…
Credit: C. Scott Brown / Android Authority Welcome to Wallpaper Wednesday! In this weekly roundup, we’ll give you a handful of Android wallpapers you can download and use on your phone, tablet, or even your laptop/PC. Read more…
Overall risk sentiment appears to have turned sour again today, with major European indexes trading in red, while US futures point to lower open. Australian Dollar is leading commodity currencies lower. Even New Zealand Dollar Read more…
Daily Pivots: (S1) 133.25; (P) 133.96; (R1) 134.97; More… Intraday bias in USD/JPY remains neutral first and range trading continues. Overall, corrective pattern from 139.37 will extend further. On the upside, above 135.57 will resume Read more…
US retail sales rose 0.0% mom to USD 682.8B in July, below expectation of 0.2% mom. Ex-auto sales rose 0.4% mom, above expectation of 0.1% mom. Ex-gasoline sales rose 0.2% mom. Ex-auto, gasoline sales rose Read more…
While economists in the US and Canada, and later policymakers, are talking about peak inflation, that moment is yet to come for the UK. Annual inflation has reached double-digit territory at 10.1%. At the same Read more…