The Japanese yen continues to have a quiet week and is trading at 115.46 in the North American session, down 0.12% on the day. What next for Ukraine? The US dollar enjoyed a boost earlier Read more…
Retail sales jumped up 3.8% month-on-month (m/m), well above the consensus estimate for an increase of 2.0%. December’s reading had a marginal downward revision to -2.0% m/m from -1.9% m/m reported earlier. Autos & parts Read more…
Consumer price inflation accelerated to 5.1% year-on-year (y/y) in January, from 4.8% in December and well ahead of market expectations for an unchanged print. Energy price growth accelerated to 23.1% (from 21.2% in December), even Read more…
The euro is flat on Wednesday, as investors keep a close eye on developments on the Ukraine/Russia border. The euro has been acting as a barometer of the crisis, and the currency’s lack of movement Read more…
US stocks are set for a weaker open amid ongoing concerns over Russia, Ukraine conflict and inflation. Retail sales beat forecasts. US futures Dow futures -0.4% at 34845 S&P futures -0.5% at 4448 Nasdaq futures Read more…
Starbucks has had a rough go of it in China over the past couple of months despite the country being essential to its growth ambitions. Starbucks (SBUX) – Get Starbucks Corporation Report has major growth ambitions Read more…
US retail sales beat estimates; FOMC minutes next on the agenda The minutes of the Federal Reserve’s last meeting are on investor’s radar today and will be looking for details on its plans to reduce its enormous balance sheet and raise Read more…
Markets Today’s trading session revolved around US retail sales. They came in much stronger than expected, even accounting for the 0.5-0.9% (depending on the gauge) downward revision of December. Headline sales rose 3.8% m/m vs Read more…
Daily Pivots: (S1) 1.1318; (P) 1.1343; (R1) 1.1384; More… Intraday bias in EUR/USD remains neutral for the moment. With 1.1265 minor support intact, further rally will remain mildly in favor. On the upside break of Read more…
Daily Pivots: (S1) 1.3498; (P) 1.3532; (R1) 1.3578; More… Intraday bias in GBP/USD remains neutral at this point. On the upside, break of 1.3642 will resume the rebound from 1.3356 to 1.3748 resistance. Firm break Read more…