EUR/USD came higher during summer, possibly breaking out of a triangle on higher time frame charts, as the market breaks above 1.1140, so it seems that some big moves can be coming. In fact, there was a three wave retracement from recent high on 4h time frame; a contra-trend movement with price turning up from […]
The post Elliott Wave forecast for EUR/USD: Bullish Momentum Decreasing in Fifth Wave appeared first on Action Forex.
New Zealand’s goods exports increased by 7.5% yoy in October, reaching NZD 5.8B, while total goods imports rose by 3.0% yoy to NZD 7.3B. This resulted in a trade deficit of NZD -1.54B, which, although Read more…
New Zealand’s retail sales volume for Q3 showed a marginal decline of -0.1% qoq, a better outcome than the expected -0.5% qoq contraction. However, the data revealed underlying weakness, as retail sales excluding autos fell Read more…
Retail sales fell 0.1% in the September quarter, a smaller drop than we expected. Retail spending remains soft, but is likely to firm over the coming months. September quarter retail sales (volume of good sold): Read more…