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The dollar has managed to rebound some of the lost ground seen yesterday. The AUD underperformed following a weaker than expected set of March data out of China, and while Q1 GDP data came in at six-year low of 7.0%, this was expected. EUR-USD's rebound yesterday stalled at 1.0707 and the pair has ebbed to the low 1.06s. Read more
The dollar sold off sharply in N.Y. trade on Tuesday, following softer retail sales data, and despite the uptick in core PPI. EUR-USD rallied to 1.0707 highs from opening levels near 1.0560, as USD-JPY dropped from 120.12 into the open, to lows of 119.07. Read more
he good news is, as forecast by the Weekly Indicators, nominal retail sales for March increased +0.9%. February's decline was shaved by .1% up to -0.5%. The bad news is, even with that increase, retail sales have not exceeded their November 2014 high, either in nominal or real terms. Read more
EUR-USD lifted to the mid-to-upper 1.05s from the London AM low at 1.0531, leaving yesterday's four-week low at 1.0520 untroubled. Much stronger than expected Eurozone industrial production data, which rose 1.1% m/m in February, helped underpin the euro and gave euro bears reason to pause for thought. Read more
EUR-USD has remained above yesterday's four-week low at 1.0520, but the euro has been pressed to new lows against the yen and sterling, among other currencies. EUR-JPY clocked a near two-year low at 126.21, bringing the cumulative losses of the cross to some 4% over the last eight days. Read more
The dollar started the N.Y. Monday session at its best levels, though from there, it was mostly downhill. EUR-USD based at 1.0521 early, later making its way to 1.0611. Short covering was the main rationale behind the move, though rumbling about a Greek default saw the euro fade into the close. Read more
The dollar put in another bout of outperformance, with EUR-USD logging four-week lows under 1.0530, USD-JPY pushing to three-week high territory above 120.80, Cable making new major-trend lows under 1.4570, and AUD-USD ebbing to 11-day lows, drawing closer to its Apr-2 cycle low at 0.7533. Read more
EUR-USD has found some buoyancy after sinking from a 1.1035 peak last Monday to a 1.0567 low on Friday, which was a big move. Resistance is marked at 1.0683 and 1.0700, and the 20-day moving average is at 1.0806. USD-JPY recouped most of Friday's losses in making a peak of 120.50 before settling around 120.35. Read more
This recovery continues to confound analysts. Time and again it seems some extraneous episode negatively impacts GDP growth right as the economy is about to take off. The Washington shutdown was the first such shock, followed by consecutive years of exceedingly harsh winter weather. Read more
Monthly reports for March was sparse this week, but included job openings up sharply, while hires were flat. Wholesale sales declined slightly, while inventories increased slightly. Consumer credit increased. Export prices rose. Import prices continued to fall. Read more
