Post Tagged with: "Retail Sales"
Forex Daily Outlook February 21 2012
Public Sector Net Borrowing in the UK and Retail Sales in Canada are the main events lined up. Let’s see what awaits us today. In Canada, Retail Sales, key gauge of consumer spending is about to reduce from 0.3% down to -0.2%,. Meanwhile the Core Retail Sales (excluding automobiles) is due to remain 0.3% similar
USD/CAD Outlook February 20-24
The Canadian dollar made small gains against the US dollar in a choppy week and managed to reconquer parity. Retail sales figures are the highlight of this week. Here’s an outlook for the Canadian events and an updated technical analysis for the Canadian dollar. Last week Canada’s inflation gauge edged up unexpectedly in January where CPI rose
Forex Daily Outlook February 17 2012
We summarize this week with CPI in the US and Canada as the major events of the day. Here is an outlook on the market-movers awaiting us. In the US, Consumer Price Index (CPI), value the consumers’ price change of goods and services over the previous month, due to rise up to 0.3%. And on the
US Retail Sales Grow Slowly
US retail sales grew by 0.4%. Core sales rose by 0.7%. Early expectations stood on a rise of 0.8% in the headline figure and 0.6% in core retail sales. The bottom line is a small disappointment. EUR/USD falls after the release. USD/JPY ticks a bit lower. This is risk averse behavior, yet the scale is
EUR/USD Feb.14 – No Love for the Euro on Valentine’s Day
Euro dollar is sliding slower within the range, as cracks appear in the upcoming package for Greece. This includes the long awaited haircut deal (PSI) which might not see too many happy volunteers after all. The multiple downgrades from Moody’s don’t improve the mood either. We have a busy day ahead on both sides of the
Forex Daily Outlook February 14 2012
Japan’s rate decision, German ZEW Economic Sentiment and US retail sales figures are the main evets today. Let’s preview the major market-movers lined up for us. In the US, Retail sales value increased 0.1% in December lower than the 0.3% gain predicted following 0.4% rise in the previous month while Core sales unexpectedly declined 0.2%
GBP/USD Outlook Feb. 13-17 2012
The British pound lost some ground to the dollar this week, dropping to the 1.5730 level. The upcoming week is a busy one, with seven releases. Here is an outlook for the upcoming events, and an updated technical analysis for GBP/USD. The British Monetary Policy Committee expanded the Asset Purchase Facility by an additional 50 billion pounds to £325, as was expected.
NZD/USD Outlook February 13-17
The New Zealand dollar retreated after 7 weeks of gains, as local worries, fear about China and dark clouds in Greece triggered a correction. Is this a change of trend? Retail sales and House price index are the major events awaiting us this week. Here’s an outlook for the events in New Zealand, and an updated technical analysis
Forex Daily Outlook February 6 2012
We start the week with some interesting events like Ivey PMI in Canada and Halifax HPI in the UK as the main highlight on today’s outlook. Let’s see what awaits us today. In Canada, Ivey Purchasing Managers’ Index (PMI), Monthly Survey to rate the business conditions including employment, production, new orders, prices, supplier deliveries, and
AUD/USD Outlook Feb. 6-10
The Australian dollar continued to strengthen against the dollar, climbing over 100 pips, and reaching just shy of the 1.08 level. The upcoming week is extremely busy, with nine indicators being released. Here is an outlook for the Australian events, and an updated technical analysis for AUD/USD. The Australian economy, with its great dependence on exports, has been hit hard by the global