EUR/CHF’s steep decline last week indicates that rebound from 0.9416 has completed at 0.9683 already, after rejection by 0.9691 cluster resistance. Initial bias stays on the downside this week for retesting 0.9407/16 support zone. Decisive break there will resume larger down trend. On the upside, touching 0.9543 minor resistance will delay the bearish case and […]
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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…