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
EUR/USD
Bearish
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
Oil - US Crude
Mixed
Wall Street
Bearish
Gold
Bearish
GBP/USD
Bearish
USD/JPY
Bullish
More View more
Real Time News
  • 🇯🇵 Inflation Rate YoY (MAY) Actual: -0.1% Previous: -0.4% https://www.dailyfx.com/economic-calendar#2021-06-17
  • 🇯🇵 Core Inflation Rate YoY (MAY) Actual: 0.1% Expected: 0.1% Previous: -0.1% https://www.dailyfx.com/economic-calendar#2021-06-17
  • 🇯🇵 Inflation Rate Ex-Food and Energy YoY (MAY) Actual: -0.2% Previous: -0.2% https://www.dailyfx.com/economic-calendar#2021-06-17
  • The Swiss Franc has seen a bout of strength in recent months against several peer currencies. Here are technical levels to watch in USD/CHF, EUR/CHF, and CHF/JPY. Get your market update from @FxWestwater here:https://t.co/e2kHTtBHW3 https://t.co/oaIsshglET
  • Gold Price to Recover if Fed Rate Hike Risk & USD Strength Ebb -via @DailyFX Link to Analysis: https://www.dailyfx.com/forex/market_alert/2021/06/17/gold-price-to-recover-if-fed-rate-hike-risk-usd-strength-ebb.html $XAUUSD $GLD $GC_F https://t.co/CfcpZ2BgBX
  • Heads Up:🇯🇵 Core Inflation Rate YoY (MAY) due at 23:30 GMT (15min) Expected: 0.1% Previous: -0.1% https://www.dailyfx.com/economic-calendar#2021-06-17
  • Heads Up:🇯🇵 Inflation Rate Ex-Food and Energy YoY (MAY) due at 23:30 GMT (15min) Previous: 0.3% https://www.dailyfx.com/economic-calendar#2021-06-17
  • Heads Up:🇯🇵 Inflation Rate YoY (MAY) due at 23:30 GMT (15min) Previous: -0.4% https://www.dailyfx.com/economic-calendar#2021-06-17
  • RT @FxWestwater: Australian Dollar Sinks Alongside Commodity Prices as Post-FOMC USD Run Continues Link: https://www.dailyfx.com/forex/fundamental/daily_briefing/daily_pieces/asia_am_briefing/2021/06/17/Australian-Dollar-Sinks-Alongside-Commodity-Prices-as-Post-FOMC-USD-Run-Continues.html?CHID=9&QPID=917708&utm_source=Twitter&utm_medium=Westwater&utm_campaign=twr https://t…
  • The S&P 500 and Dow Jones could be at risk as retail investors increase their long exposure in them ahead of the Fed rate decision. What are key technical levels to watch out for below? Find out from @ddubrovskyFX here:https://t.co/TkroCgtDLm https://t.co/NwFkkk28Dh
Euro-Zone Retail Sales Rise More Than Expected

Euro-Zone Retail Sales Rise More Than Expected

Benjamin Spier, Technical Strategist

THE TAKEAWAY: Euro-zone retail sales rises 1.0% in May, more than expected -> Release is key ahead of the ECB meeting -> Euro erases losses in minutes ahead of the release

Euro-zone retail sales increased at the fastest pace in over a year in May, according to Eurostat. Retail sales rose 1.0% over the month, beating expectations for a 0.3% rise in sales and better than the revised 0.2% decline in April. Retail sales declined 0.1% from May 2012.

Food, drinks, and tobacco sales increased by 0.9% over May. Finland retail sales increased 3.6% over the month and the most in the Euro-zone, while German retail sales only rose 0.8%.

The retail sales release follows an earlier report that the Euro-zone composite PMI rose to a yearly high in June, but still indicated declining activity for the seventeenth straight month. The ECB will meet tomorrow for its monthly meeting, and President Draghi said last month that the bank is considering unconventional tools to stimulate the economy.

While the Euro did not significantly react following the better than expected rise in retail sales, the single currency did rise ahead of the release and erase some of the losses seen during the PMI releases. EUR/USD is trading around 1.2950 around the time of this writing, and the pair may next see resistance around the 1.3000 key figure. The pair may see support at 1.2870, by a rising trend line from September 2012.

(How does a Currency War affect your FX trading? Take our free course to find out!)

EURUSDDaily: July 3, 2013

Euro-Zone_Retail_Sales_Rise_More_Than_Expected_body_eurusd_daily_chart.png, Euro-Zone Retail Sales Rise More Than Expected

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