EUR/USD’s recovery from 1.0760 short term bottom extended higher last week but retreated after hitting 1.0904. Initial bias is turned neutral this week first. More consolidation could be seen above 1.0760 and another rise cannot be ruled out. But upside should be limited by 55 D EMA (now at 1.0941). On the downside, sustained break […]
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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…