Whilst large speculators trimmed both long and short exposure last week, we continue to suspect gold remains in a corrective move. As of Tuesday 29th March 2022: NZD traders had flipped to net-short exposure. Large speculators were their most bearish on GBP futures in 13-weeks. Net-short exposure to JPY futures rose to their most bearish […]
The post Weekly COT Report: Gold Volumes Lower, Yen Bears Dominate appeared first on Action Forex.
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…