Today is the most important day of the trading week, in terms of economic data release, as the US will reveal its latest CPI update, and it could be a make-or-break moment for the market sentiment. Consumer price inflation in the US probably eased to 6.5%, from 7.1% printed a month earlier. Beyond the headline […]
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New Zealand’s economy expanded by just 0.2% qoq in Q4, missing expectations of 0.4% qoq and slowing sharply from Q3’s 0.9% qoq pace. On an annual basis, GDP rose 0.2% yoy, marking the first year-on-year Read more…
Key Highlights GBP/USD extended losses and traded below 1.3300. A key bearish trend line is forming with resistance at 1.3380 on the 4-hour chart. EUR/USD seems to be facing resistance near 1.1550 and 1.1565. Gold Read more…
New Zealand’s GDP rose by 0.2% in the December quarter. While less than forecast, the figures support the story that the economy was regaining some momentum before the latest oil shock hit. Key results Quarterly Read more…