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US Retail sales beats (for now), Nasdaq looks set to mean revert
We suspect the Nasdaq can break its 6-week bearish decline, and better than expected retail sales may have provided an early catalyst.
US Consumer still spending despite high inflation; EUR/USD
Anyone who is worried about the effects that inflation will have on household spending can take a deep breath for another month as April’s Retail Sales data continued to be strong.
Week Ahead: Focus shifts to the consumer as volatility continues
Can the consumer hold up the economy despite rising inflation?
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US Retail Sales solid for January
There is an adage on Wall Street: “Never underestimate the American consumer", which appears appropriate for January's retail sales data
US bad data dump; but it’s inflation that matters!
The US released a host of December economic data this morning, and all missed BIGLY.
The Aussie rallies on strong retail trade
Punchy retail data sent the Aussie higher across the board. Yet with US CPI expected to rise further tomorrow, the upside may be limited for AUD/USD.
US Retail Sales weak and UK CPI stronger, but the focus is on FOMC
Don’t forget about the BOE meeting tomorrow!
“Cyber Week” sales slip: Can Amazon (AMZN) hold $3500?
US consumers are estimated to have spent $10.7B on Cyber Monday, a -1.4% decline from last year’s reading.
Three key themes to watch for Black Friday and Cyber Monday 2021
As the three themes below imply, there’s a strong case for a stronger-than-usual holiday shopping period this year
Retail Sales strong despite higher inflation; DXY, EUR/USD
Even in the face of 30-year highs in the Consumer price Index (CPI), the American consumer is willing to spend
“Retail Week” in focus: WMT, TGT, HD, LOW and more
Between the US, UK, and Canadian retail sales reports, as well as earnings reports from Walmart (WMT), Target (TGT), Home Depot (HD), and Lowes (LOW), it’s pretty clear that next week will be “Retail Week”
Claire’s IPO: Everything you need to know about Claire’s
Popular teen retailer Claire’s Accessories has filed for an IPO just three years after it announced its bankruptcy. Discover everything you need to know about the Claire’s listing.
European Open: The Swissy Probes June’s High, UK Retail Sales Up Next
The Swissy (USD/CHF) enjoyed its most bullish day in 3-month yesterday, and just the June high stands in its way of an extended run (if consumer sentiment allows).
Retail Sales strong beat; US Dollar bid continues
This morning’s data gave a boost to the already strong performance in DXY
European Open: USD Stands Firm, UK Retail Sales Up Next
There was very little in the way of retracements for dollar bulls overnight, as traders held onto their positions whilst the dollar sat pretty at its 9-month high.
Coronavirus hits US Retail Sales; US Dollar bid
The delta variant has raised caution to consumers who has been taking advantage of the reopening
European Open: UK Employment, Powell and US Retail Sales in Focus
Traders will keep an eye on the UK’s claimant count for BOE clues, ahead of US retail sales and a virtual event for Jerome Powell for Fed (and therefore USD) watchers.
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Strong US Retail Sales; Should the Fed consider it transitory?
With easy monetary policy and more money from the government, US consumers are borrowing at low interest rates and spending stimulus checks
Mixed US Retail Sales and PPI won’t help the FOMC “taper talk” decision be any easier
The data was mixed: slightly stronger retail sales for May (due to April revisions), stronger PPI data for May, and a worse than expected NY State Manufacturing Index for June
Recent economic data shows it’s the US consumer vs the Fed
Either the consumer has to cut back expectations of higher inflation or the Fed has to begin to offer signs of tapering monetary policy.
European Open: Dollar holds firm, GBP rises ahead of UK retail sales
The USD held onto yesterday’s gains which came on the back of stronger economic data and a faster vaccine rollout.
AUD overtakes NZD on a breakout! AUD/NZD
AUD/NZD broke above the top of the downward sloping trendline from the symmetrical triangle
AUD/USD breakout out of flag formation; On its way to 0.8400?
AUD/USD traders will be eyeing the 0.8000 level first