posted by
wiredprg
1444 days ago
in Fundamental
Retail sales are projected to have grown 0.5% from April when they fell 0.2% while excluding autos sales are expected to continue strong rising 0.7%in May after 0.5 percent the previous month. Tax rebate checks were handed out to the public with t...
posted by
wiredprg
1444 days ago
in Fundamental
The Euro rose on the early trading against the Dollar and the Yen after the ECB council member Erkki Liikanen stated inflation expectations are raising and the central bank is in a state of alert. The Euro traded at 1.5481 against the Dollar and a...
posted by
wiredprg
1444 days ago
in Fundamental
Several key US data are on the agenda today with retail sales (14.30 CET) being the most important one as it will give a first indication of the effect of the tax cuts. Consensus is for a rise of 0.7% in retail sales ex autos. We see a slight down...
posted by
wiredprg
1444 days ago
in Fundamental
The Australian dollar will remain vulnerable to a further correction weaker despite the continuation of yield support. The Australian dollar was unable to regain the 0.95 level against the US currency on Wednesday and had a significantly weaker to...
posted by
wiredprg
1444 days ago
in Fundamental
Despite much better than expected results from the Industrial Production report the euro continued to lose ground to the dollar for most of Asian and European sessions trading as low as 1.5390 before bargain hunting and strong economic data steadi...
posted by
wiredprg
1444 days ago
in Fundamental
ECB Publishes Jun. Monthly Report: ECB is in the state of heightened alertness on inflation risks; echoes Trichet's Jun 5th press conference remarks.II ECB to act in firm and timely manner on 2nd round effects as service sector inflationary pressu...
posted by
wiredprg
1444 days ago
in Fundamental
The Greenback recovered smartly overnight, catching a further boost in London trading as expectations for a strong retail sales report out of the US (8:30ET) continue to fuel the push higher. The market expects May total retail sales to come in at...
posted by
wiredprg
1444 days ago
in Fundamental
US Advance Retail Sales rose by the most in 6 months during May, as the index jumped 1.0 percent from the month prior. Excluding autos, this figure was even more optimistic as the index surged 1.2 percent. A breakdown of the index shows broad-base...
posted by
wiredprg
1444 days ago
in Fundamental
On Friday, June 7th the US unemployment rate spiked from 5.1 to 5.5 percent - its biggest rise in 26 years. The currency market reacted predictably pushing EURUSD to within 2 cents of its all time high on the assumption that Fed would not dare tig...
posted by
wiredprg
1444 days ago
in Fundamental
U.S. retail sales came in stronger than anticipated in May, rising 1%, double market expectations. The good news went even further back as growth in April sales were revised higher to 0.4% from an originally reported -0.2%. Excluding the usually v...
posted by
wiredprg
1444 days ago
in Fundamental
Stronger than expected increase in US retail sales diverges with escalating weekly jobless claims and news of embattled Lehman CFO & COO being ousted and a subsequent 9% decline in the company's shares may. US retail sales jumped 1.0% in May, twic...
posted by
wiredprg
1444 days ago
in Fundamental
The data released from the US showed that inflation remains high but spending has picked up which is good as now more speculations for a rate hike this year will be witnessed supporting the hawkish stance seen lately by the Feds!! US released its ...