Intra-Day Market Moving News and Views
04 Feb 2016 01:33GMT
EUR/USD - ....... The single currency was also supported yesterday from an increase in EU retail sales. Euro zone retail trade increased in December mostly thanks to Christmas shopping of food, drinks and tobacco, the European Union statistics office Eurostat estimated on Wednesday.
Sales in the 19 countries sharing the euro grew on average 0.3% in December on a monthly basis, as expected by economists polled by Reuters.
Retail trade increased 1.4% year-on-year, slightly less than the forecast 1.5%.
Eurostat revised upwards both monthly and yearly estimates for the month of November. Month-on-month euro zone sales have been flat in November, contrary to previous estimates of a 0.3% drop. Year-on-year sales recorded in November a 1.6% rise, more than the previously estimated 1.4%.
The greenback tumbled against majority of its peers yesterday as New York Fed President William warned of tightening financial conditions.
Reuters reported, in an interview with MNI, Williams said financial conditions have tightened considerably in the weeks since the U.S. Federal Reserve raised interest rates and monetary policy makers will have to take that into consideration should that phenomenon persist
Trendsetter does not warrant or guarantee the accuracy, timeliness or completeness to its service or information contained therein. Trendsetter does not give, whatsoever, warranties, expressed or implied, to the results to be obtained by using its services or information it provided. Users are trading on their own risk and Trendsetter shall not be responsible under any circumstances for the consequences of such activities. Trendsetter and its affiliates, in no event, be liable to users or any third parties for any consequential damages, however arising, including but not limited to damages caused by negligence whether such damages were foreseen or unforeseen.
Recommended Content
Editors’ Picks
EUR/USD edges lower toward 1.0700 post-US PCE
EUR/USD stays under modest bearish pressure but manages to hold above 1.0700 in the American session on Friday. The US Dollar (USD) gathers strength against its rivals after the stronger-than-forecast PCE inflation data, not allowing the pair to gain traction.
GBP/USD retreats to 1.2500 on renewed USD strength
GBP/USD lost its traction and turned negative on the day near 1.2500. Following the stronger-than-expected PCE inflation readings from the US, the USD stays resilient and makes it difficult for the pair to gather recovery momentum.
Gold struggles to hold above $2,350 following US inflation
Gold turned south and declined toward $2,340, erasing a large portion of its daily gains, as the USD benefited from PCE inflation data. The benchmark 10-year US yield, however, stays in negative territory and helps XAU/USD limit its losses.
Bitcoin Weekly Forecast: BTC’s next breakout could propel it to $80,000 Premium
Bitcoin’s recent price consolidation could be nearing its end as technical indicators and on-chain metrics suggest a potential upward breakout. However, this move would not be straightforward and could punish impatient investors.
Week ahead – Hawkish risk as Fed and NFP on tap, Eurozone data eyed too
Fed meets on Wednesday as US inflation stays elevated. Will Friday’s jobs report bring relief or more angst for the markets? Eurozone flash GDP and CPI numbers in focus for the Euro.