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Sunday, May 15, 2016

U.S. Session Forex Recap - 16 may


  • U.S. headline retail sales up 1.3% vs. expected 0.8% increase
  • U.S. core retail sales up 0.8% vs. 0.5% forecast
  • U.S. headline PPI up 0.2% vs. estimated 0.3% gain
  • U.S. core PPI posted 0.1% uptick as expected
  • U.S. prelim UoM consumer sentiment index rose from 89.0 to 95.8
  • Chinese industrial production up 6.0% y/y vs. 6.5% forecast
  • Chinese fixed asset investment up 10.5% y/y vs. 11.0% forecast
  • Chinese retail sales up 10.1% y/y vs. 10.6% forecast
Major Currency Movers:
USD – The U.S. dollar followed up with its recovery from the previous trading sessions to end significantly higher against most of its counterparts on Friday.
EUR/USD broke below the 1.1350 support to a low of 1.1283, GBP/USD is down to the 1.4350 minor psychological level, USD/CHF popped up to a high of .9775, and USD/JPY tested the resistance at 109.50 once more.
AUD – Aussie traders seem to have gotten some clues about the outcome of the Chinese reports as it kept edging lower throughout the day.
AUD/USD is down to .7270, AUD/JPY dropped to a low of 78.98, EUR/AUD is trying to break past the 1.5550 handle, and GBP/AUD sailed past 1.9700 to close at 1.9767.