XAU

The latest retail sales report from New Zealand saw a modestly better print than expected. Quarterly retail sales rose 0.7% beating estimates of a 0.6% increase. But this was comparatively lower to the Q4 retail sales print of 1.7%. On an…
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Lack of economic data and fresh trade rhetoric saw the markets trading rather subdued on Monday. The US dollar index was trading flat although price remains steady near the recent highs. Wednesday’s FOMC meeting minutes could be the main…
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Beating estimates, Japan’s first-quarter GDP grew at a pace of 0.5%. On a year over year basis, Japan’s GDP advanced 2.1% during the January through March period, supported by government spending. Capex fell 1.2% on the year while…
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The US dollar was seen holding on to the gains, settling near a two-week high by Thursday’s close. The gains came as the trade tensions eased and focus once again shifted to the economic data. A delegation from Washington is expected to…
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The Reserve Bank of New Zealand held its monetary policy meeting earlier today. In a surprise move, the central bank lowered the official cash rate by 25 basis points. This brought the RBNZ’s interest rates to 1.50% from 1.75%. In its…
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A busy day for traders today will see some high ticket events. The official payrolls report for April will be coming out. Economists forecast an increase of 181k jobs during the month with the US unemployment rate holding steady at 3.8%.…
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The latest monthly private payrolls data from ADP/Moody’s Analytics showed that employers added 275k jobs in April. This beat estimates of a 181k increase. Numbers for March were revised higher to 151k. However, ADP reports that most of…
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The early Asian trading session today saw the release of the first quarter employment report. New Zealand’s unemployment rate fell slightly to 4.2% as forecast from 4.3% previously. The quarterly employment change fell 0.2% missing…
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The US dollar was lifted by the durable goods orders report on Thursday. Data showed that durable goods orders rose 2.7% on the month beating estimates strongly. The USD held steady early into Friday’s trading session. The first quarter…
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