Tag Archive: U.S. Retail Sales

Retail sales are an aggregated measure of the sales of retail goods over a stated time period, typically based on a data sampling that is extrapolated to model an entire country. Measuring consumer demand for finished goods, retail sales help gauge the pulse of an economy and its projected path toward expansion or contraction. As a leading macroeconomic indicator, healthy retail sales figures typically elicit positive movements in equity markets.

Double Whammy Economics

2016-04-16

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2016-04-16

What’s up with U.S. consumers? They seem to have come to their senses at the worst possible time. They can no longer be counted on to push economic growth up and to the right. Specifically, they’re not spending money on stuff.A little public service on etymology: “Double whammy” was reportedly first used in a 1941 Oakland Tribune article related to boxing. It means a devastating blow, setback or catastrophe. In today’s economy, it often means...

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Futures Jump On Chinese Trade Data; Oil Declines; Global Stocks Turn Green For 2016

2016-04-13

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2016-04-13

With oil losing some of its euphoric oomph overnight, following the API report of a surge in US oil inventories, and a subsequent report that Iran's oil minister would skip the Doha OPEC meeting altogether, the global stock rally needed another catal...

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FX Daily, April 13: US Dollar Comes Back Bid

2016-04-13

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2016-04-13

The US dollar is well bid in the Europe and is poised to start the North American session with the wind to its back.  Despite firmer equity and industrial metal prices, most emerging market currencies are also succumbing to the rebounding greenback. The euro has yet to convincingly breakout of the range that has confined … Continue reading »

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Global Stocks Soar On Stimulus Hopes After Miserable Chinese, Japanese Data; Short Squeeze

2016-02-15

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2016-02-15

Bad news is once again good news... for stocks that is.  After a month and a half of markets unable to decide if they should buy or sell on ugly data, over the weekend, People’s Bank of China Governor Zhou Xiaochuan expressed faith in the economy, ...

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Global Risk Off: China Reenters Bear Market, Oil Tumbles Under $30; Global Stocks, US Futures Gutted

2016-01-15

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2016-01-15

   "We're gonna need a bigger Bullard"     - overheard on a trading desk this morning. Yesterday, when looking at the market's "Bullard 2.0" moment, which was a carbon copy of the market's kneejerk surge higher response to Bullard's "QE4" comments fr...

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Commodity Weakness takes a Toll, Rand Fall Continues, US Retail Sales Awaited

2015-12-11

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2015-12-11

The US dollar is confined to narrow ranges against the euro and sterling after pushing higher yesterday.  The greenback is staging stronger upticks against the yen but is struggling to resurface above previous support in the JPY122.25 area.   Weak commodity prices and the loss of upside momentum has seen profit-taking in the Australian and New …

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Greenback Recovers, but Antipodeans Advance

2015-12-10

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2015-12-10

There are two broad themes among the major currencies today.  The first is the pullback in the euro and yen after yesterday's run-up.  Position adjustments with the help of stop losses seemed to be the key consideration.  Both the euro and yen extended the recovery seen in the second half of last week.  Year-end considerations, …

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Dollar Bloc Remains Soft, but Euro, Sterling and Yen Firm

2015-12-09

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2015-12-09

The US dollar continues its mixed performance.  The fragile stability of commodity prices today is not lending much support to the Australian and New Zealand dollars though the Canadian dollar is flat after yesterday's slide.  The euro has pushe...

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Fundamentals,FX,Gold and CHF:Week November 18 to November 22

2013-11-23

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2013-11-23

FX Price Movements November 11 to November 15 2013
Fundamentals with highest importance: The HSBC Flash Purchasing Manager Index (PMI) for China weakened from 50.8 to 50.4. In particular, new export orders, output prices and employment started to decrease again, while output increased. The preliminary Markit manufacturing PMI for the United States edged up to 54.3 (vs. 52.3 expected), a 9-month high after the …

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Fundamentals,FX,Gold and CHF:Week November 11 to November 15

2013-11-16

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2013-11-16

FX Price Movements November 11 to November 15 2013
Fundamentals with highest importance: In Janet Yellen’s hearing at the Senate Banking Commission, the future Fed chair emphasized the need to provide support to the economic recovery and to overcome low inflation. Her speech supported equities, gold and US Treasuries. GDP in the Euro zone rose by 0.1% QoQ in line with expectations, but less …

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Fundamentals,FX,Gold and CHF: Week October 28 to November 3

2013-11-02

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2013-11-02

New Car Sales: Europe vs USA
This week had a focus on – due to the government shut-down – the long awaited U.S. data: Highest importance: The ISM Manufacturing Purchasing Manager Index (PMI) for October came in at 56.4, higher than the 55 expected. The value for new orders and for production remained above 60 despite the government shutdown. The value …

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Fast CHF and Gold Price Movements

2013-11-01

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2013-11-01

Our CHF and Gold News Bar on our home page explains daily CHF and gold price movements based on the most important fundamental indicators in a few sentences. Keep in mind that the only Swiss fundamental data that is able to move the CHF must come from the SNB and from Swiss inflation data – … Continue reading »

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Fundamentals and FX Movements, Week September 9 to Sept. 13

2013-09-15

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2013-09-15

FX News 0909-1509 gold silver CHF
The weekly summary of global fundamental news with focus on CHF and gold price movements. Friday, September 13:The leading news came from U.S. retail sales and the Michigan consumer sentiment. Retail sales were up +0.2% instead of 0.5% expected, sales excluding autos and gas +0.1% (vs +0.3% exp.) The Michigan consumer sentiment disappointed at 76.8 …

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Currency Positioning and Technical Outlook August 12: Corrective Pressures Dominate

2013-08-12

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2013-08-12

Submitted by Marc Chandler, Global Head of Currency Strategy, Brown Brothers Harriman The main tension in the foreign exchange market is between positions adjusting pressures, which are US dollar negative, and widely held ideas that the trajectory of growth and interest rate differentials favor the US, which is dollar positive. There are some important economic data due …

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Currency Outlook and Net Speculative Positions: Week from July 16

2012-07-16

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2012-07-16

chess
Currency Outlook and Positioning: Week from July 16 Guest Post from Marc Chandler

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