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New Zealand Retail sales data

New Zealand Retail sales data KEY POINTS Retail sales data expected to show healthy recovery Stronger than expected data to show the further economic recovery NZD technical outlook appears bullish Retail sales data set to stay healthy New Zealand is set to release its retail sales figures for Q4 later today. The country has been […]

by Lulama Msungwa
3 years ago

New Zealand dollar in focus ahead of RBNZ conference

Key points RBNZ likely to keep rates unchanged at 0.25% No policy changes are expected NZD/USD printing bullish momentum The Reserve Bank of New Zealand (RBNZ) will be announcing its rate statement on Wednesday 24th 2021. It is expected that the Central Bank will keep rates at 0.25% and also policies are to remain unchanged. […]

by Adegbotolu Kehinde Erastus
3 years ago

GOLD PRICES SUBDUED AS DOLLAR HOLDS KEY LEVEL OF $90

KEY POINTS Gold fails to find direction as it consolidates Dollar holding the key 90$ level Gold looks up to the Dollar for a bullish direction Gold price fails to inspire bullish movement as it stays within a consolidation level The Gold price movement has in recent days has been so uninspiring, with initial gains […]

by Lulama Msungwa
3 years ago

Weekly Overview

Weekly Overview Last Week Last week opened with US equities on an all-time high as Biden’s $1.9T stimulus dominated the market sentiment. Oil markets were also trading on yearly highs as Saudi Arabia tightened supply. As the week progressed, a number of fundamental shifts forced the markets to erase gains as the USD gained bullish […]

by Rufas Kamau
3 years ago

Early 2021 winter taking a big toll on renewable energy resources

The world has been on a green initiative to control global warming and one of the main agendas has been limiting dependence on fossil fuels. In this drive, countries have been transitioning to clean renewable energy that has largely benefited solar and wind power supplying companies. Key Takeaways Transitioning to renewable energy may not erase […]

by Rufas Kamau
3 years ago

Bitcoin eyes $50,000 as more institutional investors adopt cryptocurrency.

On Sunday, February 14th 2021, Bitcoin was within touching distance of $50,000 as anticipated in January after successive rallies to the upside. Key points Bitcoin price drops to $45,686 as investors take profits. More financial firms are willing to adopt cryptocurrency as an asset. Other digital currencies continue to appreciate on Bitcoin’s success. Bitcoin appears […]

by Adegbotolu Kehinde Erastus
3 years ago