New Zealand retail sales miss reviewed – ANZ

Analysts at ANZ explained that Retail spending growth was respectable in Q4, but was once again boosted by car sales.  NZD/USD: retail sales miss sends the bird down test the 0.7200 level Key Quotes: "... Spending is tracking at a more modest pace, especially in per capita terms ...

AUD/USD losing 0.77 handle in consolidation of recent key data events

Currently, AUD/USD is trading at 0.7696, up 0.05% on the day, having posted a daily high at 0.7699 and low at 0.7690. AUD/USD is 40 pips lower than yesterday's trade and post job data YTD highs. The price has since drifted again into the final session in Asia this week while the greenbac ...

Kraft Heinz profits up as costs crunched

Investing.com - Kraft Heinz reported higher-than-expected profited on Thursday, as a decrease in costs helped boost top-line growth. Kraft Heinz, maker of household brands like Jell-O and Heinz ketchup, overcame a difficult period of falling demand as consumers opt for healthier foods over package ...

AUD/NZD outlook is bullish short and longer-term – Westpac

Analysts at Westpac offered their outlook for the antipodean cross and rates. Key Quotes: "AUD/NZD 1 day: Consolidating in a 1.0630-1.0710 range ahead of an eventual push higher. AUD/NZD 1-3 month: Higher to the 1.0770 area at least. The cross remains well below fair value estimates implied b ...

AT&T strikes back with wireless plan

Investing.com – AT&T (NYSE:T) announced Thursday that it will open its unlimited wireless data plan to non-TV subscribers, returning to a plan it ditched in 2011, as competition among wireless carriers heats up. Previously, At&T required customers, who wanted an unlimited data plan t ...

NZD/USD: retails sale miss sends the bird down test the 0.7200 level

Currently, NZD/USD is trading at 0.7215, down -0.11% on the day, having posted a daily high at 0.7227 and low at 0.7202. NZD/USD has dropped below the mid-point of the sideways channel and is making further tracks to the downside on the back of the bid misses in retail sales Q4, a key component o ...

Analysts at Westpac offered an economic wrap – Westpac

Analysts at Westpac offered an economic wrap. Key Quotes: "Another encouraging round of US data was delivered, building on the strong set yesterday. Housing starts fell 2.6% in Jan but all of the fall is attributable to multiples, with single family housing starts rising 1.9%. Building permit ...

New Zealand Retail Sales ex Autos (QoQ) declined to 0.6% in 4Q from previous 1.1%

New Zealand Retail Sales (QoQ) came in at 0.8% below forecasts (1.1%) in 4Q

N.Z. retail sales 0.8% vs. 1.0% forecast

Retail sales in New Zealand rose less-than-expected last month, official data showed on Thursday. In a report, Statistics New Zealand said that retail sales rose to 0.8%, from 0.9% in the preceding month . Analysts had expected retail sales to rise 1.0% last month.

Wall Street’s momentum comes to a halt

Wall Street's benchmarks have given up the bull run, unable to make it a sixth consecutive session in the green and printing record highs after the other.  We had a string of positive data from the US economy, but the dollar, yields and stocks all slipped back. Stock markets were bemuse ...

New Zealand Business NZ PMI dipped from previous 54.5 to 51.6 in February

Canada stocks higher at close of trade; S&P/TSX Composite up 0.12%

Investing.com – Canada stocks were higher after the close on Thursday, as gains in the Real Estate, REITs and Utilities sectors led shares higher. At the close in Toronto, the S&P/TSX Composite gained 0.12% to hit a new all time high. The best performers of the session on the S&P/TSX ...

Nasdaq and S&P fail to make it six

Investing.com - It was a mixed session on Wall Street as U.S. equities closed mostly lower after Financials took a breather, despite a another record close for the Dow Jones Industrial Average. At the open U.S. stocks were on course for a record sixth session close, after the Dow, Nasdaq an ...

USD/CHF collapsed 140-pips this week; Risk-off in control

Currently, USD/CHF is trading at 0.9970, down -0.83% or (83)-pips on the day, having posted a daily high at 1.0056 and low at 0.9968. On the US economic docket, the saga continued during the anticipated NA trading session as Initial Jobless Claims clocked 239K 'a better than expected' ...