The British pound is drifting on Friday. In the European session, GBP/USD is trading at 1.2701, up 0.08%. UK retail sales jumped 1.3% in November m/m, bouncing back from 0% in October and beating the consensus estimate of 0.4%. This was the sharpest pace of growth since January and the increase was felt in all sub-sectors. Yearly, retail sales edged up 0.1%,...
The Australian dollar has extended its gains at the start of the week. In the European session, AUD/USD is trading at 0.6603, up 0.28%. The Aussie has posted an impressive streak, rising 3.8% against the greenback since November 14th. Australia releases retail sales for October on Tuesday. The consensus estimate stands at a negligible 0.1%, compared to a strong...
The New Zealand dollar is in positive territory on Thursday. Early in the North American session, NZD/USD is trading at 0.6042, up 0.34%. Retail sales are a key gauge of consumer spending and the New Zealand consumer has been holding tightly to the purse strings. In the second quarter, retail sales fell 1% q/q, with most retail industries showing lower sales...
CME: S&P Consumer Staples Select Sector Index Futures ( CME_MINI:XAP1! ) Last week, new government data showed further evidence of declining U.S. inflation rates. • On November 14th, the Bureau of Labor Statistics (BLS) reported that the Consumer Price Index (CPI) was unchanged in October, down from 0.6% in August and 0.4% in September. The headline CPI is now...
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The British pound is trading lower on Friday. In the European session, GBP/USD is trading at 1.2381, down 0.27%. The pound has shown sharp swings this week, notably a 1.78% jump on Tuesday after US inflation was weaker than expected, sending the US dollar sharply lower against the majors. The pound is up 1.28% this week. UK retail sales were expected to bounce...
The British pound has extended its losses on Thursday. In the European session, GBP/USD is trading at 1.2401, down 0.11%. The pound is having a roller-coaster week. GBP/USD surged 1.8% on Tuesday following the soft US inflation print and climbed to a two-month high. However, the pound has since coughed up about half those gains and is trading at the 1.24 line....
The Canadian dollar has edged higher on Friday. In the European session, USD/CAD is trading at 1.3688, down 0.23%. Canada releases retail sales later today, which could result in volatility from the Canadian dollar. Canada wraps up the week with the August retail sales report. The markets are bracing for a deceleration, with an estimate of -0.3% m/m, compared to...
The British pound is drifting on Thursday. In the North American session, GBP/USD is trading at 1.2142, almost unchanged. The UK inflation report on Wednesday was a stark reminder that inflation remains stubborn and sticky. The Bank of England has raised the benchmark rate to 5.25%, but headline inflation was steady at 6.7% y/y and the core rate ticked lower to...
The British pound has declined 0.56% against the US dollar on Wednesday, wiping out yesterday's gains. In the North American session, GBP/USD is trading at 1.2158, down 0.48%. The pound's downswing was driven by a higher-than-expected US retail sales report. Retail sales in the US surprised on the upside with a gain of 3.8% y/y in September. This beat the...
Is it possible to see the Dollar depreciate against the Euro in the upcoming future, as a wannabe economist. I propose a few objective data points that may or may not support this thesis. I am interested in gaining feedback to further my ability to apply what I am self-teaching myself.
The euro has stabilized on Wednesday and is in positive territory. In the North American session, EUR/USD is trading at 1.0519, up 0.50%. Germany is the largest economy in the eurozone. Once a global powerhouse, the economy has weakened and finds itself in the unfamiliar position of being a laggard in the bloc. Recent economic releases haven't been encouraging,...
The euro has extended its losses on Wednesday and has declined close to 1% this week. In the European session, EUR/USD is trading at 1.0552, down 0.18%. Germany has traditionally been the powerhouse of Europe but finds itself lagging in the rear, with a struggling economy and high inflation. The GfK Consumer Climate index fell to -26.5 for October, down from a...
The British pound is in negative territory after two days of losses. In the European session, GBP/USD is trading at 1.2245, down 0.40%. The struggling pound is down 1.1% this week and is trading at its lowest levels since late March. It is a busy day on the data calendar for UK releases. Retail sales rose in August by 0.4% m/m, following a 1.1% decline in July...
The Canadian dollar is showing limited movement on Thursday. In the North American session, USD/CAD is trading at 1.3474, up 0.09%. Canada wraps up the week with the retail sales report on Friday. July's retail sales were weak, with a gain of 0.1% m/m and a decline of 0.6% y/y. August is expected to show improvement, with consensus estimates of 0.4% m/m and 0.5%...
The Australian dollar is lower on Wednesday. In the European session, AUD/USD is trading at 0.6408, down 0.28%. The US releases the August inflation report later today. CPI is projected to increase in August to 3.6% y/y, following a 3.2% gain in July. On a monthly basis, the consensus estimate stands at 0.6%, higher than the 0.2% gain in July. Core CPI is...
The Swiss franc has lost ground on Thursday. In the North American session, USD/CHF is trading at 0.8835, up 0.59%. Thursday's Swiss retail sales for July looked awful, falling 2.3% m/m. This follows a revised gain of 1.5% in June. Market attention has now shifted to Swiss inflation, which will be released on Friday. Swiss inflation dropped to 1.6% in July, the...
GBPUSD have been ascending to the upside in 4H time frame taking the resent high as liquidity in to the supply zone (sell zone), regretless, the supply zone still holds since the daily time frame is bearish i am expecting a shift to the down side to take out the recent low at 1.27037 or the next at 1.26866 my expected target is 1.26624