Daily Pivots: (S1) 171.92; (P) 172.92; (R1) 173.53; More… EUR/JPY recovered after drawing support fro 55 D EMA (now at 172.25) and intraday bias is turned neutral first. Risk will stay on the downside as long as 175.03 resistance holds. On the downside, sustained trading below 55 D EMA will argue that whole five-wave rally […]
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New Zealand’s manufacturing sector continued to expand in February, with BusinessNZ Performance of Manufacturing Index edging slightly lower from 55.1 to 55.0. While the headline reading dipped marginally, the index remains comfortably above the 50 Read more…
Key insights from the week that was. The Westpac-MI Consumer Sentiment Index lifted modestly in March, up 1.2% to 91.6, still an outright pessimistic reading. The latest survey was in the field over the week Read more…