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Retail spending was much stronger than expected in the March quarter. However, the longer-term trend in spending remains weak. March quarter real retail sales (volumes): +0.5% (Prev: -1.8%) Westpac f/c: -0.5%, Market: -0.3% March quarter nominal sales level: +0.7% (Prev: -1.4%)  Annual changes (March 2024 vs March 2023) Nominal sales: 0.6% Volume of goods sold: […]

The post NZ First Impressions: Retail Trade, March Quarter 2024 appeared first on Action Forex.

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12/06/2024

NZDCAD Wave Analysis

NZDCAD reversed from support level 0.8400 Likely to rise to resistance 0.8500 NZDCAD currency pair recently reversed up with the daily Piercing Line from the support level 0.8400 (former strong resistance from November, December and May). The support level 0.8400 was strengthened by the nearby 20-day moving average and by the 50% Fibonacci correction of […]
23/08/2024

Cliff Notes: Global Easing Cycle Gains Traction

Key insights from the week that was. In Australia, the RBA’s August meeting minutes again reinforced the Board’s well telegraphed views on the economy. In short, there is “less spare capacity than previously assumed” given stronger momentum in demand and a weaker assessment of potential supply. The Board also noted that financial conditions appeared to […]
02/07/2024

Sunset Market Commentary

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