New Zealand’s BusinessNZ Performance of Services Index fell back into contraction territory in February, dropping from 50.4 to 49.1. The index remains well below its long-term average of 53.0. Key components of the survey also showed deterioration, with Activity/Sales slipping from 53.8 to 49.2, New Orders/Business falling from 50.0 to 49.4, and Stocks/Inventories declining from […]
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A set of Chinese data released earlier today looked better-than-expected; the fixed asset investment unexpectedly accelerated in February, growth in industrial production slowed less than expected – a slowdown due to the Chinese new year Read more…
In focus this week The main spotlight of the week will be on news regarding the negotiations of the German fiscal package. The package is scheduled to be passed in the Bundestag on Tuesday and Read more…
Daily Pivots: (S1) 0.8378; (P) 0.8403; (R1) 0.8435; More… Intraday bias in EUR/GBP remains neutral for the moment, and more consolidations could be seen. Further rally is expected as long as 0.8358 minor support holds. Read more…