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Exports beat, imports beat Trade balance -349m NZD - expected -549 NZD , prior revised to 384m NZD - exports expected 4.47bn NZD, prior revised to 5.50bn NZD
Yo, gold bugs, here you go - GS raising their 12-month projection by 200 USD for the rock … but ... "in the event that the virus effect spreads to Q2, we could see gold top $1800/oz already on a 3-month basis"
Capex data due at 0030GMT on Thursday 27 February 2020 - the 'headline' is expected at 0.5% compared with the previous at -0.2% The pretty much equally as important number will be 'estimate 5' for the 2019-20 spend. There is no survey conduct3ed for this but I have seen estimates coming in above estimate 4 (the previous)
Here is a piece from CNN on "Covid-19 will become a pandemic" and "we must do eight things ". Some of the 8 seem pretty ****ing obvious, eg
Forex news for NY trading on February 26, 2020. Today saw more up and down activity as a result of the mixed signals from the coronavirus. Whereas, the numbers of infected seem to have peaked in China, the numbers around the world are moving higher.
2145 GMT New Zealand trade balance for - expected -549 NZD , prior 547m NZD - exports expected 4.47bn NZD, prior 5.54bn NZD - imports expected 5.00bn NZD, prior 5.00bn NZD 0000 GMT New Zealand - ANZ business survey for February
What's the pandemic trade Sooner or later, there will be another country with a coronavirus breakout. Right now authorities are scrambling in South Korea, Iran and Italy.
ETF rejected It was already a tough day for bitcoin but news that the SEC has disapproved a plan to list a bitcoin ETF on NYSE ARCA is now breaking. Regulators cited concerns over Bitcoin manipulation.
Brazil announced one earlier today It's getting tougher to name countries that have cases. don't France, Germany and Canada revealed some new and worrying cases today as well. What we're looking for is oddball cases that aren't tied to China or other known cases.