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.



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

Live Webinar

Live Webinar Events


Economic Calendar

Economic Calendar Events

Free Trading Guides
Please try again
More View more
Real Time News
  • Heads Up:🇦🇺 RBA Meeting Minutes due at 01:30 GMT (15min)
  • New Zealand reports 14 new local Covid cases - BBG
  • I had a chance to talk with @tastytradeRyan and @victorJ0NES about Evergrande and its impact on US markets — always great talking with these two guys on Mondays.
  • RT @cheddar: Stocks dropped the most since May on Monday, sending shockwaves through Wall Street. @CVecchioFX explains the global impact of…
  • The Spinning Top candlestick pattern forms part of the vast Japanese candlestick repertoire with its own distinct features. Gain a better understanding of the spinning top candlestick here:
  • There are three major forex trading sessions which comprise the 24-hour market: the London session, the US session and the Asian session. Learn about the characteristics of each session here:
  • What is your forex trading style? Take the quiz and find out:
  • RBNZ's Hawkesby talking "considered steps" when setting monetary policy, leaning towards 25bps - With money markets pricing in 31bps worth of tightening at the October meeting. Room for disappointment.
  • Gold has plunged nearly 5% off the Monthly high with the sell-off now probing key weekly support here at 1738/47- looking for a pivot here with the Fed interest rate decision on tap. Get your $XAUUSD market update from @MBForex here:
  • RBNZ: - We have benefitted from a robust rebound in China, our main trading partner - The interruption to the economy's supply side has lasted longer than expected
Weak US Advanced Retail Sales Data causes Dollar Decline

Weak US Advanced Retail Sales Data causes Dollar Decline

Christopher Vecchio, Currency Strategist, Yash Gandhi,

Talking Points:

  • US Advanced Retail Sales has a weak report for June
  • Advanced Retail Sales comes with a downward revision to May’s figure
  • USDJPY depreciates at weak US data trading at ¥123.064 at the time of writing

June US Advance Retail Sales came in -0.6% lower than analyst expectations. The June figure showed -0.3% compared to a Bloomberg economist prediction on 0.3%. May’s US Advanced Retail Sales contained a downward revision from 1.2% to 1.0%. Overall, retail data for the US was weak in the month of June and caused an immediate decline in dollar strength.

Here’s a summary of retail data this morning that contributed to USDJPY decline:

Weak US Advanced Retail Sales Data causes Dollar Decline

See the DailyFX economic calendar for major economic event risk

Weak US Advanced Retail Sales Data causes Dollar Decline

USDJPY fell to a fresh daily low on the back of the weak US Advanced Retail Sales data trading at ¥ 122.910 before finding support. Prior to the release of the data, the pair was trading at ¥123.252. At the time, this report was written the pair had stemmed its losses and was trading at ¥ 123.092.

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