US data came out worse than expected, and currencies are partying. The pound received some good news this week but Brexit still looms. Nevertheless, the fall of the greenback is clearly seen in GBP/USD. Cable is topping the very round 1.30 level, reaching a high of 1.3011 so far. On the way up, Sterling crossed [...]
The post GBP/USD rises towards downtrend resistance but looks weak appeared first on Forex Crunch.
At times, a big bulk of US data is confusing, with the figures offsetting each other. This is not one of these cases. None of the figures beat expectations: retail sales numbers all missed and inflation data was mediocre at best. This is a bitter disappointment hurting the US dollar. On the other side of [...]
The post EUR/USD breaks resistance on weak US data appeared first on Forex Crunch.
Core CPI y/y came out at 1.7% as expected but all the other data figures disappointed. The US dollar is tumbling down. The US was expected to report a small rise of 0.1% in retail sales and 0.3% in the retail control group. Core inflation was expected to remain at 1.7% y/y. — more coming [...]
The post US data disappoints – USD crashes appeared first on Forex Crunch.
