US: Data disappointments could become more common, USD investors should take note - CIBC

Andrew Grantham and Royce Mendes, analysts at CIBC point out that US data disappointment, like the recent retail sales report, could become more common and hit the US dollar

Key Quotes: 

“While bond yields remained lower, the US$ quickly recovered the ground it lost immediately after December’s ugly retail sales report. It’s true that we should never read too much into just one bad number, particularly in the highly revised advance retail print, but even if we add the largest revision seen in recent years it would still be a disappointing result.”

“And with our expectations that the US economy will slow this year, as others such as the EZ begin to see a stabilization in growth rates, data disappointments could become more common in the US and dollar investors should certainly take note.”

Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility.

Feed news

Editors’ Picks

EUR/USD extends falls on USD recovery, Brexit concerns

EUR/USD falls below 1.1350, extending the drop. The Fed surprised with a dovish twist, signaling no hikes in 2019  but it is staging an impressive recovery. Brexit uncertainty also weighs.

EUR/USD News

GBP/USD bounces on reports for an EU extension offer

GBP/USD is trading above 1.3055, above the lows. The EU will reportedly allow a Brexit extension to May 22nd, conditional on Parliament's approval of the deal. The USD is also taking a breather from its recovery.

GBP/USD News

USD/JPY: correcting higher, bearish as long as below 110.90

US 10-year Treasury note yield collapsed to its lowest since Jan 2018 with the Fed. Dollar recovering modestly, helped by Brexit chaos sending Pound lower.

USD/JPY News

Crypto News

majors

Editors’ Picks

EUR/USD extends falls on USD recovery, Brexit concerns

EUR/USD falls below 1.1350, extending the drop. The Fed surprised with a dovish twist, signaling no hikes in 2019  but it is staging an impressive recovery. Brexit uncertainty also weighs.

EUR/USD News

GBP/USD bounces on reports for an EU extension offer

GBP/USD is trading above 1.3055, above the lows. The EU will reportedly allow a Brexit extension to May 22nd, conditional on Parliament's approval of the deal. The USD is also taking a breather from its recovery.

GBP/USD News

USD/JPY: correcting higher, bearish as long as below 110.90

US 10-year Treasury note yield collapsed to its lowest since Jan 2018 with the Fed. Dollar recovering modestly, helped by Brexit chaos sending Pound lower.

USD/JPY News

Risk appetite recovers after post-Fed malaise

US markets have come storming back this afternoon after a mixed day for Wall Street yesterday. While banks are suffering on concerns that a more dovish interest rate outlook will hurt performance...

Read full report

Brexit: PM May is doomed, but the Pound might be safe for now

The UK has inflation steady just below 2.0%, solid wages' growth, upbeat retail sales, and a not-that-dovish BoE, yet at the end of the day, nothing really matters.

Read full report

signatures


  •  
  •  
  •  
  •  
  •