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The June US retail sales data has just hit the screens. As noted earlier, the markets were expecting a slight fall in headline sales last month around -0.3%. Sales actually did not fall at all and the core rate rose more than that, by 0.4%. The markets were looking for a 01% rise, but the previous rate of -0.1% was revised higher to +0.1%. The immediate reaction across the markets has seen the dollar rise. The EUR/USD was hovering around 1.0902 ahead of the data, it has just dropped to below 1.0890. The USD/JPY was edging back towards 158.25, it has now lifted back above 158.50 on this news
Following on from recent updates looking at the US equity futures and the DAX after the opening, the German index has now crumbled again. It has now...
As today is the third Friday of March it means today is what as known as Quad-Witching Day. That occurs on the third Friday of March, June, September...
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