UK retail sales declined the most since early 2021 as consumers brought forward Christmas sales into November, and the high cost of living and interest rate hikes damped household spending. Retail sales declined 3.2 percent month-on-month in December, reversing the 1.4 percent increase in November, figures from the Office for National Statistics revealed Friday. more...
After reporting an unexpected improvement in U.S. consumer confidence in the previous month, the Conference Board released a report on Wednesday showing a much bigger than expected pullback in confidence in the month of December. The Conference Board said its consumer confidence index slumped to 122.1. more...
Industrial production in China jumped 6.2 percent on year in June, the National Bureau of Statistics said on Friday. more...
US Dollar Forecast - Dollar’s Rally Has Grown Even More Extreme The Dollar’s rally grows more remarkable with each week…at the same time that it grows more difficult to believe.There is no denying its bullish bearing. British Pound Forecast - British Pound Selling to Continue on Static BOE, Hawkish FOMC Minutes The British Pound is vulnerable to continued selling as a status-quo BOE policy announcement and hawkish FOMC minutes erode the UK unit’s yield appeal. ...
NZDUSD - Sell The Rumour, Buy The Fact? I expect sideways trading until the rate decision and for 25bps will be added to bring rates to 3.25% This should see NZDUSD break up through 0.852 and target 0.864 and eventually 0.87 highs Fundamentally still strong, I do not expect 'jaw-boning' from RBNZ and for NZDUSD to become bullish after ThursdayTalk of intervention to bring down NZD would have more bearish impact upon NZD than not raising rates0.840 is a pivotal ...
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