News & Analysis at your fingertips.

We use a range of cookies to give you the best possible browsing experience. By continuing to use this website, you agree to our use of cookies.
You can learn more about our cookie policy here, or by following the link at the bottom of any page on our site.

0

Notifications

Notifications below are based on filters which can be adjusted via Economic and Webinar Calendar pages.

Live Webinar

Live Webinar Events

0

Economic Calendar

Economic Calendar Events

0
Free Trading Guides
Subscribe
Please try again
EUR/USD
Bullish
Oil - US Crude
Mixed
Wall Street
Bullish
Low
High
of clients are net long.
of clients are net short.
Long Short

Note: Low and High figures are for the trading day.

Data provided by
Gold
Mixed
GBP/USD
Bearish
USD/JPY
Bearish
More View more
Real Time News
  • IG Client Sentiment Update: Our data shows the vast majority of traders in Silver are long at 91.92%, while traders in France 40 are at opposite extremes with 78.08%. See the summary chart below and full details and charts on DailyFX: https://www.dailyfx.com/sentiment https://t.co/hMrnFoyKoF
  • Fed's Daly: - Frequency of Fed's market interventions is concerning - Fed market interventions are costly
  • Fed's Daly: - It is important to keep financial infrastructure secure and sound - The growth of financial tech is related to potential risks
  • Indices Update: As of 18:00, these are your best and worst performers based on the London trading schedule: US 500: 0.94% Wall Street: 0.71% FTSE 100: 0.06% Germany 30: 0.05% France 40: -0.04% View the performance of all markets via https://www.dailyfx.com/forex-rates#indices https://t.co/NobIiK9488
  • Heads Up:🇺🇸 Fed Daly Speech due at 18:00 GMT (15min) https://www.dailyfx.com/economic-calendar#2021-04-15
  • The Australian Dollar breakout is now approaching initial uptrend resistance objectives. Get your $AUD market update from @MBForex here:https://t.co/UlLe9H2Yei https://t.co/Woh0xfrZqh
  • #Gold is remaining stronger today amidst a pullback in US Treasury yields. The metal rose to a month and a half high around 1,770 and is now currently trading around 1,765. $XAU $GLD https://t.co/ct7hfsY3rl
  • US 10yr yields have continued to decline today, now trading below the 1.55% level, at a five week low. $USD https://t.co/oBIG5S9GIc
  • IG Client Sentiment Update: Our data shows the vast majority of traders in Silver are long at 92.43%, while traders in Wall Street are at opposite extremes with 75.26%. See the summary chart below and full details and charts on DailyFX: https://www.dailyfx.com/sentiment https://t.co/Z4rveKKbMs
  • Bitcoin rushed up to another fresh all-time-high yesterday as the Coinbase IPO was taking markets by storm. Get your $btc market update from @JStanleyFX here:https://t.co/Adn9H2fqHs https://t.co/sGZi273oVZ
Euro-Zone Retail Sales Decline in February

Euro-Zone Retail Sales Decline in February

Benjamin Spier, Technical Strategist

THE TAKEAWAY: Euro-zone retail sales decline by 0.3% in February -> Economic growth in Q1 in question -> Euro trading steady

Euro-zone retail sales declined by 0.3% in February, slightly better than the expected 0.4% decline, but the expectations beat was counterbalanced by the revision of January’s rise in retail sales from 1.2% to 0.9%. Retail sales declined 1.4% from February 2012, according to Eurostat.

Food, drinks and tobacco sales fell by 0.1% in February in the Euro-zone, non-food sector sales decreased by 1.1%. Following yesterday’s four year low reported in France’s composite PMI, retail sales were reported to have fallen by 2.2% in France. Germany’s retail sales rose 0.4% in February.

The Euro-zone economy has experienced five straight quarters of economic contraction ending with Q4 2012, and Markit reported in yesterday’s PMI release that it predicts the recession will continue into the recently ended first quarter. Signs of further economic decline are Euro negative.

However, today’s retail sales release did not significantly affect Euro trading in Forex markets. EUR/USD rose above a year-long trend line in yesterday’s rally, and may now see support by the line, currently at 1.2925. Resistance may be provided at the key 1.3000 line.

The Euro received a boost to 1.2930 on a better than expected German factory orders release. Orders rose 2.3% in February (seasonally adjusted), beating expectations for 1.1% and higher than the revised 1.6% drop in sales in January.

The ECB announced today that European banks will pay back next week about 8 billion Euros of the two 3-year LTRO loans. That amount is slightly higher than the 7 billion Euros paid back this past week, but had no significant effect on Euro trading.

US Non-farm payroll changes will be announced at 12:30 GMT, and the result may not only affect US Dollar pairs, but general risk appetite in all markets.

(New to FX? Watch this free introductory course.)

EURUSDDaily: April 05, 2013

Euro-Zone_Retail_Sales_Decline_in_February_body_eurusd_daily_chart.png, Euro-Zone Retail Sales Decline in February

Chart created by Benjamin Spier using Marketscope 2.0

-- Written by Benjamin Spier, DailyFX Research. Feedback can be sent to instructor@dailyfx.com .

DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.

DISCLOSURES