New Zealand Electronic Card Retail Sales June 2025. Card Spending Retail: +0.5% m/m prior –0.1% -0.4% y/y prior -0.1% Card Spending Total: -0.2% m/m prior +0.3% The electronic cards data covers about 68 percent of core retail sales in the country, and is the main measure of monthly retail activity. This article was written by Eamonn Sheridan at www.forexlive.com.
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Bloomberg with the report from Deutsche Bank strategist George Saravelos, warning that financial markets are downplaying the risk of Trump removing Federal Reserve Chair Jerome Powell — a move that could significantly shake markets. Bloomberg is gated, but in brief: DB argue that markets are largely ignoring the risk, citing Polymarket showing less than a 20% chance of Powell…
The EUR/CHF cross is trading near the lower boundary of its multi-week range between 0.9300 and 0.9430. Bears remain in control as price action leans toward the lower Bollinger Band. The RSI is hovering below the neutral mark at 41.83 indicates slight bearish momentum with potential for more decline. The Euro (EUR) remains under pressure against the Swiss Franc…
Asked if he will fire Powell, he said ‘no’ Says will speak to Brazilian president at some point The market isn’t taking the risk of Canadian tariff seriously. The loonie is down 0.3% today and Canada’s TSX Composite stock index is down 0.45%. This article was written by Adam Button at www.forexlive.com.
The US Dollar gains strength on Friday, lifted by US President Trump’s renewed tariff threats and fading expectations of near-term Fed interest rate cuts. Trump targets Canada with a 35% tariff, citing fentanyl concerns and trade imbalances. The DXY hovers below key resistance at 97.80–98.00, with price supported by the 9-day EMA at 97.50 The US Dollar gains strength…
The EURUSD continues to find solid support in the 1.1663 to 1.1691 zone, a key technical floor that dates back to April–November 2021. The pair has repeatedly tested this area this week, with buyers stepping in on each dip, reinforcing its significance. A break below this support zone would be needed to shift the short-term bias more clearly to…
Gold rebounds sharply from $3,322 as risk sentiment boosts safe-haven demand. Trump hits Canada with 35% tariffs, mulls 15–20% duties on others. Traders brace for US CPI and key Fedspeak ahead of July 19 blackout. Gold price rallies nearly 1% on Friday as the market mood shifts sour on controversial trade policies imposed by US President Donald Trump on…
USD/JPY daily USD/JPY is near the best levels of the day, up 120 pips to 147.47. The pair has been underpinned by rising Treasury yields this month and that continues to be the case today. I wrote about yields earlier and that’s worth checking out. The market is anxious about Trump’s tariff letter to the EU but looks like…
AUD/USD pauses below 0.6600 as bulls near the wedge resistance. The Australian Dollar benefits from the hawkish tilt of the RBA, while markets await clarity on when the Fed may begin cutting rates. AUD/USD remains in a strong short-term bull trend as prices weigh trade risks against yield differentials. The battle between the Australian Dollar (AUD) and the US…
