Gold has managed to stage a partial rebound after its sharp decline halted at the 1,780 region. However, the near-term picture has deteriorated again, with the bullion losing some ground in the last few four-hour sessions. This recent pullback from 1,854 is likely to resume as momentum indicators confirm the loss of steam for the […]
The post Gold Slips Below 1,800 Mark as Positive Momentum Abates 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…