US retail sales sizzle and lead stronger economic data

Forex news for North American trading on February 17, 2021.   The US retail sales for the month of January came out sizzling hot at +5.3% vs. 1.1% expected. The other measures including ex auto, ex auto and gas and the control group also showed big beats (the control group rose 6.0% vs. 1.0% expected. The move corresponded with the $600… Continue reading US retail sales sizzle and lead stronger economic data

Published
Categorized as Forex

US MBA mortgage applications w.e. 12 February -5.1% vs -4.1% prior

Latest data from the Mortgage Bankers Association for the week ending 12 February 2021 Market index 892.6 vs 904.4 prior Purchase index 299.5 vs 318.8 prior Refinancing index 4,337.0 vs 4,549.2 prior 30-year mortgage rate 2.98% vs 2.96% Invest in yourself. See our forex education hub. The key drop comes from yet another dip in… Continue reading US MBA mortgage applications w.e. 12 February -5.1% vs -4.1% prior

Published
Categorized as Forex

Gold falls to fresh lows in over two months amid firmer dollar, higher yields

Gold falls to a low of $1,784.75, its lowest level since 1 December Invest in yourself. See our forex education hub. The technical picture for gold has been looking rather iffy as of late and we are perhaps seeing the makings of another flush lower after failure to break above the 200-day moving average (blue… Continue reading Gold falls to fresh lows in over two months amid firmer dollar, higher yields

Published
Categorized as Forex

Inflation Data to Dictate USD/CAD, CAD/JPY

Canadian Dollar, Crude Oil, Inflation, USD/CAD, CAD/JPY – Talking Points: Equity markets slid lower during APAC trade as investors mulled the impact of the recent climb in bond yields. Inflation figures for January may dictate the near-term trajectory of the Canadian Dollar. USD/CAD attempting to rebound from key support. CAD/JPY’s extended uptrend at risk of… Continue reading Inflation Data to Dictate USD/CAD, CAD/JPY

Published
Categorized as Forex

The bond rout abates for now, but what exactly is the big picture story?

Things are looking calmer after the rout in the bond market yesterday 10-year Treasury yields are down slightly but sticking close to 1.30% with 30-year yields also a little lower below 2.10% for the time being. Invest in yourself. See our forex education hub. While we are seeing a brief pause in the selloff, it… Continue reading The bond rout abates for now, but what exactly is the big picture story?

Published
Categorized as Forex

US 10 year yield breaches 1.300 level for the 1st time since February 2020

The low yield reached 0.313% in March 2020 The yield for the US 10 year note has moved above the 1.300% level for the first time since February 27, 2020 just before the Covid started to take hold in the US. The low yield in March 2020 reached 0.3137%. The snapback move higher reached 1.2727% on March 19 before… Continue reading US 10 year yield breaches 1.300 level for the 1st time since February 2020

Published
Categorized as Forex

AUD/USD Nears Support Level after Safe-Haven Flows Boost US Dollar

AUD/USD, Bitcoin, US Dollar, Dow Jones – Talking Points Recommended by Thomas Westwater Get Your Free Top Trading Opportunities Forecast US equity indexes finished mixed on Tuesday but the overall sentiment on Wall Street skewed to the risk-off side. The Dow Jones Industrial Average managed to record a 0.20% gain, marking a record close for… Continue reading AUD/USD Nears Support Level after Safe-Haven Flows Boost US Dollar

Published
Categorized as Forex