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UK retail sales pretty much match estimates- GBP/USD largely unchanged
The UK July retail sales report has just been released. As earlier noted, the markets were expecting good data here. Well, the data is better but not much more than was expected. Sales rose by 0.5% in July. The markets were looking for a 0.6% rise. The core annualised rate is as forecast though and that has bounced back by 1.4% The reaction in the Pound has been minimal and the GBP/USD is not much removed from where it stood leading into this report. As to whether than means the data was fully priced in at the current levels is a possibility too. The GBP/USD is currently trading at 1.2877
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Gold edging lower again- more updates early tomorrow morning
Owing to technical reasons, after this there will be no more updates from this analyst until early tomorrow morning. In the meantime, we should note...
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DAX still attracting the flow as it pushes to session highs above 22,425
Not long ago the DAX lifted above 22,425 and that means it has lifted further above the last technical rebound level of note (22,299.29). Of course it...
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Another technical look at the S+P 500 with big earnings due this week
There is not that much of importance due out today in terms of US data releases or Q1 earnings reports. However, as far as earnings go, that sees...
