New Zealand Retail Sales Ex-Inflation for the second quarter (Q/Q, Q2) arrived at -14.6% vs expectations of -15.0% and prev -0.7%, putting sales 14.2 percent lower on the year. Sales values drop to historic levels, Twelve of the 15 industries had lower sales in the June 2020 quarter compared with the June 2019 quarter. The [...]
Fundamental view: Gold fell in the last week as optimism among investors developed for the greenback as it started gaining strength. Improved productivity thanks to telework turns to be a bad news for gold Looking ahead, it remains to be seen if Chairman Jerome Powell and Co. will reveal anything new at the Kansas City Fed’s Economic Symposium [...]
Fundamental view: The Euro could not manage against the greenback last week and forecasted a bearish trend. US Empire State Manufacturing Index on 17th Aug and Europe Current Account, Final CPI yearly on 19th Aug favored uptrend for the pair whereas US NAHB Housing Market Index on 17th Aug, Europe German Flash Services PMI and [...]
Fundamental view: Japan Prelim GDP Price Index yearly report and Prelim GDP quarterly report on 17th Aug and Japan Core Machinery Orders at 19th Aug created a bullish market for the pair whereas US Empire State Manufacturing Index on 17th Aug and US Unemployment Claims on 20th created a bearish environment for the pair. Yen [...]
