New Zealand Overall Credit Card Spending Rises 0.1% In June

Overall credit card spending in New Zealand added a seasonally adjusted 0.1 percent on month in June, Statistics New Zealand said on Thursday – following a 0.2 percent increase in May. Retail credit card spending was flat on month, missing expectations for a gain of 0.7 percent following the 0.5 percent decline in May. Core retail spending (excluding vehicle-related industries) rose 0.4 percent in June after a 0.5 percent fall in May. By industry, the movements were: durables, up NZ$22 million (1.7 percent); apparel, up NZ$6.5 million (2.1 percent); vehicles…

Markets Cheer Lower Interest Rate Outlook

Markets Cheer Lower Interest Rate Outlook

(Note from Caleb Silver, Editor in Chief: Hello Chart Advisor readers. You may have noticed that James Chen is now the author of this newsletter as of yesterday. John Jagerson has moved on to a new opportunity, and you can follow him here. He’ll still contribute to Investopedia, but not through Chart Advisor. James Chen is our Director of Investing and Trading Education, a Chartered Market Technician, and the author of two books on trading and technical analysis. In other words, he’s a pro and we are lucky to have…

Is Gold Destined for Summer Doldrums in 2019?

Every summer gold traders tremble in fear of “the summer doldrums.”Newcomers to the gold scene might be asking whether the summer doldrums are a real thing?  While old-timers might ask: “Does it look like we’ll get those this year?” Here’s a 1-year chart of GLD – guess for yourself on each question, then your friendly Gold Enthusiast will weigh in.                     As you can see the recent gold rally is no joke.  It almost looks more like a Bitcoin rally in…