UK’s Slowing Wage Growth Drop Crumbs to BoE’s Doves

The New Zealand economy grew by 0.2% in the March quarter, beating our forecast of a modest decline. However, the details don’t change our view of the underlying strength of activity. Key results Quarterly change: +0.2% (last: -0.1%, Westpac f/c: -0.2%, market f/c: +0.1%, RBNZ +0.2%) Annual change: +0.3% (Last -0.3%, Westpac f/c -0.2%, RBNZ […]

Not the most thrilling start to the week but that’s to be expected given the number of major events over the last few sessions and the absence of anything significant today. The second half of last week was quite the ride, with the Fed going further than many expected on rate cuts for next year, […]

Gold remains bullish in near term RSI moves horizontally below 70 level Gold prices recorded their second session of losses in the 4-hour chart after a failed attempt to break significantly above the 2,400 round level. Chances for a reversal are increasing as the RSI is pointing south after the climb in the overbought region, while […]