Japan private-sector machine orders dropped sharply by -4.6% mom in September, much worse than expectation of 0.7% mom. That followed a -5.8% mom decline in August. Nevertheless, for October-December period, manufacturers surveyed by the Cabinet Office are expecting core orders to rise 3.6%. The government also downgraded its view on machinery orders to “recovery is […]
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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…