USD/JPY’s fall from 151.89 resumed last week and edged lower to 146.65, but recovered again. Initial bias stays neutral this week first. Further fall is in favor with upside capped by 55 4H EMA (now at 148.38). Break of 146.65 will target 145.06 key support level. In the bigger picture, rise from 127.20 (2023 low) […]
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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…