Retail sales fell 1.9% in the US in December, and were expected to remain stable. All indicators were well below expectations. The retail sales they fell 1.9% in December, which generated a surprise since they were expected to remain unchanged compared to November. In turn, the November rise was revised from 0.3% to 0.2%. December […]
Tag: U.S.
Producer Price Index rises 0.2% in December, less than the 0.4% expected
The Producer Price Index (PPI) rose 0.2% in December, less than the expected increase of 0.4%, although it represented a moderation with respect to the advance of 1% in November, which was revised up from 0.8%. Compared to 12 months ago, the rise was 9.7%, higher than the 9.6% in November, although lower than the […]
USD / JPY falls below 115.00
USD / JPY falls 100 pips in the American session. USD / JPY Technical Outlook: Bullish despite Wednesday’s pullback towards a four-month uptrend line. On Wednesday, after the Bureau of Labor Statistics (BLS) revealed that US inflation reached a level not seen since 1982, the USD/JPY plummets, trading at 114.60 at the time of writing. […]
GBP / USD rebounds to 1.3680-85, the highest level since early November after the US CPI.
GBP / USD spiked to a more than two-month high during the early days of the American session. The latest US inflation figures did little to revive demand for the USD or stall the move. Sustained strength beyond a downtrend line will set the stage for further gains. The pair GBP/USD captured new offers during […]
USD / JPY struggles at 116.00 after a US NFP mixed report amid rising US Treasury yields.
The dollar ignores the rise in US Treasury yields, with the 10-year yield hitting 1,785%. The US Non-Farm Payroll report hit 199,000, disappointing estimates, the unemployment rate falls below 4%. USD / JPY Technical Outlook: Biased lower, unless it recovers to 116.00. The USD/JPY fails to gain traction after a mixed US nonfarm payroll report, […]
USD / CAD breaks below 1.2700 after Canadian and US employment data.
The Canadian economy added twice as many jobs as expected by economists, while the unemployment rate fell below 6%. US nonfarm payrolls disappointed, but the unemployment rate fell below 4%. USD / CAD Technical Outlook: A break below 1.2700 opens the door for a decline towards 1.2642. The USD / CAD is extending its slide […]
Non-Farm Payrolls stood at 199,000 in December, well below the 400,000 expected
The Non-Farm Payrolls in the United States have increased by 199,000 during the month of December, below the 400,000 expected by the market. The November figure has been revised upwards, rising to 249,000 from 210,000 published a month ago. The December data is the lowest in job creation in a year, since December 2020. The […]
AUD / USD continues its two-day decline, trading at 0.7160
The Australian dollar falls to the mercy of a US central bank seeking to reduce its balance sheet. Initial jobless claims in the United States rose more than expected, but remain at a five-decade lows. AUD / USD Technical Outlook: The pair has a bearish bias and could soon test the 0.7100 level. In the […]
ISM services PMI falls to 62 in December, down from an estimated 66.9
The US ISM services PMI index has fallen to 62 points in December from 69.1 in November, being below the 66.9 expected by the market. This is the lowest level registered by the indicator since last September. The ISM non-manufacturing price paid index has risen to 82.5 from the 82.3 of the previous month, although […]
Weekly jobless claims rise to 207,000 in the last week of the year, their worst result since Black Friday
The Weekly claims for unemployment benefits in the United States have increased by 7,000 in the week of December 31, standing at 207,000 compared to 200,000 the previous week (figure revised up from 198,000). The result worsens by 10,000 the estimated 197,000 and registers the highest number of requests since the week of November 26, […]