UK Retail Sales Data Beats, Chinese Bank Chinese Banks Go On A Lending Binge In Jan
Notes/Observations Some risk aversion sentiment in session as no visible progress on US-China high-level trade talks UK Jan retail sales beat expectations with upward back-month revisions China Jan New Yuan Loans hit a record high at CNY3.23T; hints that monetary...
December Retail Sales: Really?
Retail sales unexpectedly plunged 1.2% in December. The fact that this was not the usual collection process opens up potential issues that make us wary to believe that consumer spending is collapsing. Not a Clean Read We have a dose...
Markets Fall Out of Love for Dollar and Stocks on Huge Retail Sales Miss
The greenback and US stocks quickly reversed gains after US retail sales for the month of December posted the biggest drop since 2009. The biggest market reaction on the softer data was the move in Treasuries, with the 10-year yield Treasury...
Canadian Dollar Quiet ahead of Manufacturing, Retail Sales
USD/CAD is showing little movement in the Thursday session. Currently, the pair is trading at 1.3268, up 0.09% on the day. On the release front, Canada releases manufacturing production, which is expected to rebound with a gain of 0.3%, after...
DAX Climbs as Investors Optimistic about US-China Talks
The DAX index continues to gain ground this week. In the Thursday session, the DAX is at 11,192, up 0.23% on the day. On the release front, German Preliminary GDP improved to 0.0%, shy of the estimate of 0.1%. Eurozone...
Dollar Rises On Inflation And Trade Optimism
The US dollar is higher against most major pairs on Wednesday. The New Zealand dollar is the outlier as it appreciated 0.91 percent after the Reserve Bank of New Zealand (RBNZ) kept rates unchanged as expected at 1.75 percent on...
DXY: What’s Next for the Dollar?
Despite the Federal Reserve dropping its hawkish bias, the US dollar has been quite resilient. The closely-watched Dollar Index rose for the eighth consecutive day until yesterday when it was hit by profit-taking, before rebounding again today. There are several...
Gold Edges Higher Despite Stronger Risk Appetite
Gold has edged higher in the Wednesday session, continuing the trend seen on Tuesday. In North American trade, the spot price for one ounce of gold is $1313.54, up 0.20% on the day. In the U.S., CPI ticked up to...
Pound Yawns as British CPI Slips Below 2.0%
GBP/USD is almost unchanged in the Wednesday session. In North American trade, the pair is trading at 1.2882, down 0.10% on the day. On the release front, inflation levels were soft on both sides of the pond. In the U.K.,...
Euro Extends Its Gains In The Asian Session
For the 24 hours to 23:00 GMT, the EUR rose 0.51% against the USD and closed at 1.1333. In the US data indicated that the US NFIB small business optimism index dropped to a two-year low level of 101.2 in...
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