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Strong US Dollar Ahead Of US Retail Sales

ByEasy Forex
Published 08/13/2013, 04:02 AM
Updated 03/09/2019, 08:30 AM
Currencies
  • The euro (EUR) continued the downturn for another day and is now trading around 1.3300 versus the US dollar (USD). The single currency may look for lower lows if German economic data come out worse than expected.
  • The US dollar (USD) advanced touching a week high at 97.50 against the Japanese yen (JPY). Yen depreciated ahead of US retail sales release, due at 12:30 GMT. If US retail sales climb for a fourth month then we may see the pair trading higher.
Equities
  • US equities fell after Japan showed an economic slowdown. US tech (NDQ) and US 500 (SPI) reversed yesterday’s decline before the US retail sales report this afternoon.
Commodities
  • WTI Crude (OIL) is trading above 106.25 US dollars per barrel. The crude oil advances on speculation that US stockpiles decline as there is increasing demand for crude oil during summer.
Mover & Shaker
  • The British Pound (GBP) continued to slid touching the level of 1.5445 against the US dollar (USD). The British economy will have another test today ahead of the yearly Consumer Price Index (CPI) release.
FX Options
  • FX Option’s traders may protect a spot position against adverse movements in XAUUSD. To protect a long spot position on gold, traders are increasing their holding of purchasing PUT options on the pair.
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