Archive | Technical Analysis Forex RSS feed for this section

Australian dollar boosted by retail sales

The Australian dollar was boosted by better-than forecast retail sales data, which lessens the possibility a rate cut by the Reserve Bank of Australia at its meeting tomorrow. Local retail sales jumped 0.8 percent in September from 0.5 percent in August, recording the biggest increase in seven months. The encouraging data had a positive effect on the aussie, lifting AUDUSD by half a percent to...

Continue reading...

November 4, 2013 @ 8:13 am

0 Comments

US dollar jumps after US retail sales data

The US dollar gained strength in the European session, boosted further by stronger-than-forecast core retail sales data from the US for the month of September. Core retail sales jumped 0.4 percent from 0.1 percent in August, which was in line with expectations. The core figure excludes autos, which can distort the underlying trend in over sales in the retail sector, which is why this number...

Continue reading...

October 29, 2013 @ 2:32 pm

0 Comments

Yen gains in risk-off market, dollar tumbles on weak jobs data

The US dollar fell hard against most major counterparts after being hurt by the disappointing nonfarm payrolls report, while the yen strengthened after being bought in a risk-off market. During today’s Asian session, markets were mainly digesting the data from the September jobs report which showed a lower than expected job creation of 148,000 against expectations of a 185,000 jobs...

Continue reading...

October 23, 2013 @ 7:22 am

0 Comments

Quiet Asian session while dollar remains weak

The US dollar weakness remained during a quiet Asian session on Friday, mainly due to less expectation about Fed tapering. The impasse in Washington DC in the past two weeks is bound to have a negative impact on the US economy, and the Fed will be less willing to remove stimulus before early 2014. Janet Yellen, the new Fed Chair in January, is a known dove and will not taper soon. Risk...

Continue reading...

October 18, 2013 @ 7:59 am

0 Comments