A small beat on the UOM’s consumer confidence: 97.7 points. This seems to be fueled from the Expectations component which advanced to 88.1 points. Current Conditions are unchanged at 112.7. Inflation expectations advance from 2.5% to 2.6% for one year, but retreat from 2.4% to 2.3% for five years. Will the dollar recover? The University of [...]
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Weak data all around: retail sales rise only 0.4%, the control group by only 0.2% and core CPI slips to 1.9% y/y. more coming The US released top-tier retail sales and CPI data for the month of April. These critical figures are closely watched for a recovery in Q2 after a very slow Q1. Markets [...]
The post US retail sales miss, core CPI slips under 2% – USD falls appeared first on Forex Crunch.
The world’s most popular currency pair is not moving too much. That is no secret. This lack of movements means less opportunities to trade and more frustrated traders. EUR/USD is not alone: other currency pairs are also slow to move, yet the numbness is striking. As this chart from Mataf shows, the pair moves no more [...]
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