Retail spending was much softer than expected in the June quarter, signalling downside risk to our forecast for Q2 GDP growth and the RBNZ’s projections. Q2 retail sales (volumes): -2.3% (Prev: -0.9%) Westpac f/c: +0.3%, Market +1.7% Q2 core retail sales (volumes): -1.6% (Prev: -0.3%) Detail Retail spending was much weaker than expected in the […]
The post NZ First Impressions: Retail Trade June Quarter 2022 appeared first on Action Forex.
Key Highlights GBP/USD started a recovery wave above 1.3380. A major bearish trend line is forming with resistance at 1.3450 on the 4-hour chart. Crude oil prices saw heavy swing moves above the $80.00 pivot Read more…
Aussie’s broad-based strength continues today as markets further strengthened expectations that the RBA will deliver two consecutive rate hikes in the coming months. Investors are increasingly convinced that the RBA will raise the cash rate Read more…
While the often-repeated statistic that only one percent of New York City restaurants survive a year after opening is a long-running urban legend (the actual number is closer to 20%), the market in the city Read more…