New Zealand business confidence strengthened sharply in the September quarter, with a net 14% → 40% of firms expecting an improvement in the general economic outlook on a seasonally adjusted basis. The improvement in sentiment was much stronger than the change in firms’ own conditions, however. A net 1% rise → 1% decline in domestic […]
The post NZ NZIER Business Confidence Surges, But Own Activity Slips as Cost Pressures Ease appeared first on ActionForex.
Key Highlights Gold declined toward $4,120 and started a consolidation phase. A bearish trend line is forming with resistance at $4,260 on the 4-hour chart. WTI Crude Oil dipped below $92.50 and might extend losses. Read more…
Australian consumer sentiment deteriorated sharply in October, with the Westpac–Melbourne Institute Consumer Sentiment Index falling 4.7% from 84.4 to 80.4. The weakness was especially pronounced after the latest RBA rate hike. Sentiment among the 60% Read more…
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