Daily Pivots: (S1) 1.2860; (P) 1.2880; (R1) 1.2916; More… Intraday bias in USD/CAD remains neutral for the moment. On the downside, below 1.2818 will extend the fall from 1.3077 to 55 day EMA (now at 1.2800). Sustained break there will target 1.2516 support next. On the upside, break of 1.3077 and sustained trading above 1.3022 […]
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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…