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The New Zealand labour market is softening, but wage growth remains on the high side, partly supported by government pay agreements. Unemployment rate: 4.6% (prev: 4.4%, Westpac f/c: 4.7%, RBNZ f/c 4.6%) Employment change (quarterly): +0.4% (prev: -0.3%, Westpac f/c: -0.4%, RBNZ f/c +0.1%) Labour costs (private sector, quarterly): +0.9% (prev: +0.8%, Westpac f/c: +0.7%, […]

The post NZ First Impressions: Labour Market Surveys, Q2 2024 appeared first on Action Forex.

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24/04/2024

Canada: Retail Sales Registered Loss in February, Auto Sales Partially Recover

Retail sales declined by 0.1% month-on-month (m/m) in February, coming in weaker than Statistics Canada’s advance estimate for a 0.1% gain. January’s print was unchanged at -0.3% m/m. Adjusted for inflation, the volume of retail sales was down 0.3% in January after two months of gains. Sales at motor vehicle and parts dealers rose by […]
22/05/2024

UK Inflation Distanced the Expected Rate Cut

Inflation in the UK exceeded forecasts, making traders and investors cautious about the prospects for policy easing in the coming months. Consumer prices rose by 0.3% m/m vs. 0.2% expected. Annual inflation slowed to 2.3% last month from 3.2% in March. This is the lowest level in two years, comfortably close to the Bank of […]
15/01/2024

EURGBP Continues to Oscillate Within a Range

EURGBP slides but remains within a range MACD and RSI detect negative momentum A dip below 0.8520 could turn the outlook bearish EURGBP has been drifting south recently, after it hit resistance slightly above the 0.8700 territory. That said, although the pair is currently trading below all three of the plotted exponential moving averages (EMAs) […]