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US retail sales slightly beat estimates- USD/JPY spikes immediately higher
US retail sales rose by 0.4% in October. The markets were expecting a rise of 0.3%, down slightly from the 0.4% rise seen in September. The immediate reaction has seen the USD/JPY take front and centre as usual. The USD/JPY had traded to a low earlier today at 155.18, which was some way below the Asian high, at 156.75. It was trading at 155.25 leading into this data release. It has now lifted back above 155.50 but the price action is very rapid and it soon fell back after it emerged the control group missed and actually fell. That said the Empire index was stellar, rising to 31.2, from -11.9. The USD/JPY is just now trying to rise again, currently trading at 155.67
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EUR/USD takes out 1.0800 again
The push above 150 in the USD/JPY this afternoon has now extended and that has seen the dollar rise to around 150.25. At the same time this has added... -
S+P 500 tests correction level at 5,750 following US data
The push above 150 noted in the USD/JPY just now has come alongside further gains in the US equity space. So, it seems the service sector beat is...
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USD/JPY rises above 150 following very contrasting US PMI reports
The March US flash PMI data has just now hit the screens. The service sector reading was last at 51 and expect to be unchanged. It has risen to 54.3...
