Daily Pivots: (S1) 1.2608; (P) 1.2626; (R1) 1.2643; More… Intraday bias in GBP/USD remains neutral as range trading continues. Risk stays on the downside as long as 1.2666 support turned resistance. Below 1.2574 will resume the fall from 1.2892 to 1.2517 structural support first. Decisive break there will suggest that rise from 1.2036 has completed […]
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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…