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.

Free Trading Guides
Oil - US Crude
Wall Street
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
  • US equities continue to run higher with the Nasdaq 100 setting a fresh all-time-high, not even three months after giving back almost a third of its value in about a month. Get your #Nasdaq technical analysis from @JStanleyFX here: https://t.co/1LI54uvI8x https://t.co/e9FvSLqfaA
  • The US Dollar may be at risk to losses against some of its #ASEAN counterparts. USD/SGD, USD/PHP, USD/MYR and USD/IDR have recently broken to the downside. Will losses continue? Find out from @ddubrovskyFX here: https://t.co/0RTlj6maTT https://t.co/UyQ4i0AihI
  • The British Pound technical outlook still seems to favor the downside. GBP/CAD may pressure key rising support from August as GBP/AUD could prolong its downtrend. GBP/CHF may fall. Get your $GBP market update from @ddubrovskyFX here: https://t.co/hBOpDKXmfW https://t.co/AJlT2YKeCu
  • USD/JPY is approaching medium-term uptrend resistance and while the outlook remains constructive, the advance may be vulnerable near-term while below confluence resistance. Get your $USDJPY technical analysis from @MBForex here: https://t.co/93D7AyhHtG https://t.co/KQcLLrkMP3
  • AUD/USD has had the most impressive show of trend over the past couple of months with the pair gaining almost 1500 pips from the March low. Get your $AUDUSD technical analysis from @JStanleyFX here: https://t.co/vLz4Rpln3u https://t.co/AOwnJja5V8
  • Has the #Euro been saved? Find out from @CVecchioFX here: https://t.co/eiXfOTyGa6 https://t.co/AyRiYpb4cN
  • U.S. Market Analyst at https://t.co/JsVsSmefgR, Shain Vernier covers - ✔️ Safe haven assets in volatile markets ✔️ Central banks and governments ✔️ How will commodities trade in a recession Only on Trading Global Markets Decoded #podcast. Tune in here: https://t.co/1UmEzEbwiy https://t.co/ygwjGNvS61
  • The $USD, Euro, British Pound and Australian Dollar will all be at the mercy of political developments in Asia, Europe and North America this week. An avalanche of PMI data will set the backdrop. Find out from @ZabelinDimitri here: https://t.co/L8cfAgVx94 https://t.co/THWhPAS6AM
  • The price of #gold plunged 1% immediately after the stunning US jobs report crossed the wires. Get your market update from @RichDvorakFX here: https://t.co/8i0L6YIqjy https://t.co/y9dIXazJf9
  • S&P 500, Dow Jones, Nasdaq explode higher with stocks surging in response to shockingly better-than-expected monthly jobs data. Get your #equities market update from @RichDvorakFX here: https://t.co/nuMVWOzzuC https://t.co/M3nGBjd7kZ
Mar Retail Sales Dropped by Most in 9 Month, USDJPY Bearish

Mar Retail Sales Dropped by Most in 9 Month, USDJPY Bearish

2013-04-12 13:40:00
Renee Mu, Currency Analyst

THE TAKEAWAY: [US retail sales fell in March by the most in nine months] > [Consumer spending slowed down; Federal budget cuts restrained the US economy] > [USDJPY Bearish]

U.S. retail sales dropped in March by the most in nine months, showing slowdowns in American household spending. The Commerce Department released a report today said that retail sales declined 0.4 percent in March, following a revised 1.0 percent advance in February that was smaller than originally reported. The consensus forecast of 85 economists surveyed by Bloomberg News had called for a zero growth in March sales.

At the same time, the Labor Department released a report showed that U.S. producer prices slumped in March by the most since May, falling by 0.6 percent after gained 0.7 percent in the prior month. The core price index, which excluded food and fuel costs, climbed by 0.2 percent month-on-month as expected.

Today's reports indicate some slowdown in consumers spending amid concerns on Federal spending sequestration that went into effect on March 1. Reduced government spending may drag on the output in the near term and impede progress in the job market. Sustained improvement in employment is needed to spur consumer spending, which attributes the most to the economy.

USDJPY 1-minute Chart: April 12, 2013

Mar_Retail_Sales_Dropped_by_Most_in_9_Month_USDJPY_Bearish__body_Picture_1.png, Mar Retail Sales Dropped by Most in 9 Month, USDJPY Bearish

Chart created using Marketscope 2.0– Prepared by Renee Mu

In the minutes following the data release, the U.S. dollar declined against the major currencies, with USDJPY falling to 99.18. At the time of this report was written, the USDJPY was trading lower at 99.09.

--- Written by Renee Mu DailyFX Research

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


News & Analysis at your fingertips.