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. See our updated Privacy Policy here.

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
Oil - US Crude
Mixed
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
More View more
Real Time News
  • Amazon Q2 Earnings: -EPS at $15.12, versus $12.28 estimate (23% higher) -Revenue at $113 billion, versus $115 billion estimate (1.7% lower) -Share price tumbled 7% during after-hours trade as the company reported a slight revenue miss and gave weak third-quarter guidance
  • 🇯🇵 Industrial Production YoY Prel (JUN) Actual: 22.6% Previous: 21.1% https://www.dailyfx.com/economic-calendar#2021-07-29
  • 🇯🇵 Retail Sales YoY (JUN) Actual: 0.1% Expected: 0.2% Previous: 8.3% https://www.dailyfx.com/economic-calendar#2021-07-29
  • The S&P 500 and Dow Jones could remain biased higher now that retail investors are back to aggressively shorting them. But, will recent shifts in sentiment materially change the broader outlook? Find out from @ddubrovskyFX here:https://t.co/RPirU4f4sp https://t.co/mY3CcB8c3q
  • Heads Up:🇯🇵 Retail Sales YoY (JUN) due at 23:50 GMT (15min) Expected: 0.2% Previous: 8.2% https://www.dailyfx.com/economic-calendar#2021-07-29
  • Heads Up:🇯🇵 Industrial Production YoY Prel (JUN) due at 23:50 GMT (15min) Previous: 21.1% https://www.dailyfx.com/economic-calendar#2021-07-29
  • 🇯🇵 Unemployment Rate (JUN) Actual: 2.9% Expected: 3% Previous: 3% https://www.dailyfx.com/economic-calendar#2021-07-29
  • The British Pound could remain vulnerable against the US Dollar while perhaps looking to push higher against the Australian Dollar, Canadian Dollar and New Zealand Dollar.Get your market update from @ddubrovskyFX here:https://t.co/9iZa4oE4WQ https://t.co/fT1DNXph5D
  • Heads Up:🇯🇵 Unemployment Rate (JUN) due at 23:30 GMT (15min) Expected: 3% Previous: 3% https://www.dailyfx.com/economic-calendar#2021-07-29
  • RT @KyleR_IG: Reasonably punchy move in $amzn shares in post market trade. https://t.co/E3paeY1rk6 https://t.co/VqgyRTRXY1
USDJPY Strengthens As US July Retail Sales Rebounds More Than Forecast

USDJPY Strengthens As US July Retail Sales Rebounds More Than Forecast

Tzu-Wen Chen, Technical Strategist

THE TAKEAWAY: [US retail sales rebound in July; largest gain since February] > [Possible rebound in economic growth in coming months] > [USDJPY bullish]

U.S. retail sales jumped more than expected in July after declining for three straight months, signaling a possible rebound for the economy in coming months. The Commerce Department released a report today that showed that retail sales rose 0.8 percent in July, the largest gain since February, after contracting 0.7 percent the previous month. The median forecast of 85 economists surveyed by Bloomberg News had projected a 0.3 percent increase in July.

The boost in consumer spending was broad-based, with retail sales less autos rising 0.8 percent, and sales excluding auto and gas climbing 0.9 percent in July. The positive data suggests that the slowdown in economic growth during the second quarter could be temporary, with stronger consumption likely to provide some optimism for third quarter growth.

USDJPY 1-minute Chart: August 14, 2012

USDJPY_Strengthens_As_US_July_Retail_Sales_Rebounds_More_Than_Forecast_body_Picture_1.png, USDJPY Strengthens As US July Retail Sales Rebounds More Than Forecast

Chart created using Market Scope – Prepared by Tzu-Wen Chen

In the minutes following data release, the U.S. dollar surged against the Japanese yen on the stronger-than-expected sales figures. Within the first 15 minutes, the USDJPY had jumped as much as 25 pips to trade around 78.88 yen to the dollar.

--- Written by Tzu-Wen Chen, DailyFX Research

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

DISCLOSURES