Canadian retail sales declined -0.8% mom to CAD 69.6B in July, worse than expectations of a -0.6% drop. Core sales, which exclude motor vehicles, parts, and fuel, fell even more sharply by -1.2%. The downturn was broad-based, with eight of nine subsectors posting declines, led by food and beverage retailers. The figures point to cooling […]
The post Canada’s retail sales drop -0.8% mom in July, but advance data signal August rebound appeared first on Action Forex.
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…