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
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
Gold
Mixed
GBP/USD
Mixed
USD/JPY
Mixed
More View more
Real Time News
  • Commodities Update: As of 21:00, these are your best and worst performers based on the London trading schedule: Silver: 0.90% Gold: 0.12% Oil - US Crude: 0.09% View the performance of all markets via https://www.dailyfx.com/forex-rates#commodities https://t.co/1EMCChMyKN
  • Senate vote was 156 to 140
  • IG Client Sentiment Update: Our data shows the vast majority of traders in Ripple are long at 100.00%, while traders in AUD/JPY are at opposite extremes with 67.26%. See the summary chart below and full details and charts on DailyFX: https://www.dailyfx.com/sentiment https://t.co/9OZ88CUGm1
  • BHP Billiton Q2 copper output 428,100 tons vs Est. 385,000 tons
  • PM Conte survives confidence vote with 154 votes in favour, however, this is short of the absolute majority of 161 votes needed While little reaction in Euro, BTPs will give a signal of sentiment regarding Italian politics at tomorrow's open https://t.co/3CRMwH1GUu
  • The Canadian Dollar has struggled to recapture bullish momentum as FX markets continue to rebalance US Dollar positioning. Get your $USDCAD marketing update from @CVecchioFX here:https://t.co/gyUcAYZRSC https://t.co/DZVFybVVJd
  • 🇺🇸 Overall Net Capital Flows (NOV) Actual: $214.1B Previous: $-11.1B https://www.dailyfx.com/economic-calendar#2021-01-19
  • I do agree their weak EPS might be a knock on their ability to capitalize on the current situation. I suspect many investors will look right past that to highlight the change in net subscribers added which smashed expectations https://t.co/S9fzVqMn4g
  • $NFLX shares jump 8% following corporate earnings https://t.co/j4Kp12jd4P
  • Though Netflix was starting to slip as one of the principal FAANG members, its perceived ability to prosper during the Pandemic shutdown leveraged greater appeal in recent months. This doesn't seem to carry the 'anti-Covid profit' narrative https://t.co/OM1yQKHwq3
Forex News: UK Retail Sales Fail to Rise in Troublesome Quarter

Forex News: UK Retail Sales Fail to Rise in Troublesome Quarter

Benjamin Spier, Technical Strategist

THE TAKEAWAY: UK retail sales are unchanged in November -> Amount spent on retail sales drops 0.1% -> Sterling trading relatively unchanged

The amount of goods bought in the UK was unchanged between the months of October and November according to the UK Office for National Statistics. The lack of change in retail sales was worse than the expected 0.4% growth but better than October’s revised 0.7% drop in retail sales. Retail sales were 0.9% higher than November 2011.

The amount of money spent on retail sales fell 0.1% in November, but was up 1.5% when compared to November 2011. However, prices of goods rose 0.5% from November 2011. 711 million Pounds were spent online in November, compared to 658 million in November 2011.

The Bank of England has recently announced that they see possible negative growth in the fourth quarter, as the rise in Q3 was due to one time factors. The retail sales show no rise in consumer spending for the first two of the three months of the final quarter.

However, Sterling trading in forex markets was not significantly affected by the disappointing retail sales. GBPUSD is currently trading around 1.6260 and may continue to see resistance by the current yearly high of 1.6309.

GBPUSD Daily: December 20, 2012

UK_Retail_Sales_Fail_to_Rise_in_Troublesome_Quarter_body_gbpusd.png, Forex News: UK Retail Sales Fail to Rise in Troublesome Quarter

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

DISCLOSURES