Australia Retail Sales Lower Than Expected But Still Positive
Australia Retail Sales Lower Than Expected But Still Positive
Australia Retail Sales Actual 0.1%, Expected 0.4%, Previous -0.2% (Revised from -0.6%)
Release Explanation: Retail Sales is an important measure of consumer spending and inflationary pressures in Australia. Steady increases in retail sales apply significant inflationary pressures to consumer prices. With Retail Trade being the foremost indicator for […]
Japanese Preliminary GDP Lower Than Expected
Japanese Preliminary GDP Lower Than Expected
Japanese Preliminary GDP Q2 Actual -0.1%, Expected 0.1%, Previous -0.7% (Revised from -0.6%)Japanese Preliminary GDP Price Index Actual -1.6%, Expected -1.6%, Previous -1.5% (Revised from -1.6%)
Release Explanation: The Gross Domestic Product is a comprehensive measure of a Japan’s overall production and consumption of goods and services. GDP serves as […]
Rate Cuts Do More Harm Than Good
Rate Cuts Do More Harm Than Good
Overall: Rate cuts from the BoE, ECB and SNB sent stock markets into a tailspin, which heightened sentiment for the dollar and yen against the higher-yeilders. One trend noticed as of late is that the Swiss franc (in part because it yields 100 basis points more than the dollar) […]