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<p>In quantity term, UK retail sales dropped sharply by -5.1% mom in March, a record contraction since the series began. Ex-fuel sales dropped -3.7% mom. Over the year, total sales dropped -5.8% yoy while ex-fuel sales dropped -4.1% yoy. In the three months to March, retail sales volume dropped -1.6% 3mo3m. Sales at food stores […]

<p>UK Gfk Consumer Confidence was unchanged at -34 in April, hovering just 5 pts above historical low of -39 seen in July 2008. Joe Staton, Client Strategy Director says: “Consumer Confidence has stayed steady at the minus -34 points recorded in our first COVID-19 flash of April 6th. It is too early to say whether […]

<p>New Zealand government is preparing for the budget for May 14 that puts a lot of focuses on supporting post coronavirus economic recovery. Finance Minister Grant Robertson emphasized “we need to be thinking about when stimulus would have its best effect”. “When consumers are feeling gun shy and restricted in what they act

<p>Japan’s all-item CPI was unchanged at 0.4% yoy in March, matched expectations. CPI core (ex-fresh food), slowed to 0.4% yoy, down from 0.6% yoy, matched expectations. CPI core-core (ex-fresh food & energy) was unchanged at 0.6% yoy, also matched expectations. Corporate service price slowed to 1.6% yoy, down from 2.1% yoy, missed

<p>Pivot (invalidation): 1.2375 Our preference Short positions below 1.2375 with targets at 1.2330 & 1.2305 in extension. Alternative scenario Above 1.2375 look for further upside with 1.2415 & 1.2445 as targets. Comment A break below 1.2330 would trigger a drop towards 1.2305.</p> <p>The post <a rel="nofollow&qu

<p>Pivot (invalidation): 1.0795 Our preference Short positions below 1.0795 with targets at 1.0750 &#38; 1.0730 in extension. Alternative scenario Above 1.0795 look for further upside with 1.0815 &#38; 1.0845 as targets. Comment A break below 1.0750 would trigger a drop towards 1.0730.</p> <p>The post <a rel="nofol

<p>Gold prices are posting a strong rally as price is up close to 1.10% intraday. Price action is now trading close to the previous highs that are formed. A breakout above 1738.50 could potentially confirm further upside. But failure to breakout could see XAUUSD trading flat within the levels of 1738.50 and 1712.50. Alternatively, a […

<p>Crude oil prices are posting a modest rebound after slipping into a range. Price action is now trading within the 18.95 and 11.85 levels. However, further gains will come only on a breakout from this range. A strong close above the 18.95 level will confirm further gains. But there is also scope that prices could […]

<p>The British pound, which has been trading within a range, saw prices retesting the lower end of the range. However, price action remains range-bound following steady support from the level of 1.2277. We expect the sideways range to continue in the near term. Price action will most likely see a modest rebound to the upside […]

<p>The EURUSD currency pair extended declines to the lower end of the range at 1.0787. But after slipping to this level, the common currency prompted a quick rebound. As a result, we could expect prices to recover off the lower support level. The sideways range will, however, remain in place. Thus, gains will be capped […]