Tag Archives: Technical Analysis

January retail sales were reported on Wednesday.  This is a good time for me to update my look at real retail sales, which I find to be one of the most useful metrics to gauge the economy in several ways.  

The dollar bounced modestly to end the week in N.Y. on Friday, with the move largely attributed to short covering into what will be a long U.S. weekend. The DXY advanced from three-plus year lows of 88.26 seen overnight, topping at 89.04 following strong housing starts data, and firmer import prices. EUR-USD opened over 1.2460, […]

(Feb 17): Chinese suppliers flooded the U.S. solar market with panels at the end of last year, as customers sought to avoid paying President Donald…

(Feb 17): The sweeping conspiracy detailed by Special Counsel Robert Mueller exposes the sophistication of Russian efforts to undermine U.S. democracy using social media — and…

(Feb 17): Want a neat narrative? There isn’t one. Stocks buckled, $3 trillion was lost, then just as quickly, roughly half of it came back. Nothing…

The dollar recouped some lost ground after posted fresh losses in Asia and in the early European AM session. The USD index (DXY) was off its lows but showing a 0.3% decline as of the early London PM session. EUR-USD settled back toward the mid 1.24s after logging a two-week high of 1.2510, and USD-JPY […]

The dollar has declined for a fourth-straight session versus the euro and other currencies. The narrow trade-weighted USD index (DXY) is presently at a two-week low of 88.80, showing a 0.3% decline on the day and now racking up a 1.8% loss on the week so far. EUR-USD lifted to a two-week peak of 1.2487, […]

The dollar was mostly steady through the N.Y. session on Thursday, with the dollar initially supported by warmer PPI data. Softer industrial production later weighed slightly. The DXY traded a relatively narrow range on either side of 88.80. EUR-USD ranged between 1.2505 and 1.2458, while USD-JPY recovered from 106.20 lows, to peak at 106.85. USD-CAD […]

OVERVIEW USD under broad-based pressure despite 10-year treasury yields rising to highest in 4 years. US industrial production falls unexpectedly in January. Japanese Yen rises to multi-year high, BoJ board member Aso plays down intervention talk. French unemployment falls to its lowest since 2009. Canadian home sales drop as new mortgage rules kick in.  Oil […]

KUALA LUMPUR (Feb 15): Based on corporate announcements and news flow today, stocks in focus for Monday (Feb 19) may include the following: TH Heavy…

The dollar continued to deflate, led by ongoing and relatively hefty decline in USD-JPY, which has declined for a fifth straight session and is heading into the London AM session with a 0.5% loss on the day so far. The yen’s outperformance also continued to weigh on yen crosses, which many are taking as portending […]

The dollar rebounded during the London AM session after declining in Asia. Position squaring was reported with market participants eyeing the release of the U.S. CPI data for January, which may have a potentially large bearing on Fed tightening expectations. EUR-USD ascended to a five-day high of 1.2392 before ebbing back toward the mid 1.23s. […]