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Stella retail sales rise to US dollar, gold breaks down into major support

U.S. dollar Analysis and news

  • U.S. dollar Did Hawkish get tired of the next surge following retail sales?
  • Stella US retail sales

US dollar surge Continue Tired of retail sales, Hawkish next?

The stellar retail sales report raises the US dollar to new session highs, raising the possibility of a more hawkish federal government at next week’s meeting. The full beat of the data the consensus was looking for shrinking or flat. Previous measurements have been revised low, but given the size of the beats in the latest numbers, this is shrugging. Most importantly, the retail sales management group’s readings increased by 2.5% (compared to the expected -0.1%). This is noteworthy as it is used in some GDP trackers. Therefore, US GDP forecasts may begin to improve.

Stella US retail sales

Source: Refinitiv

Market reaction: Greenbacks surged behind the scenes, especially as US yields rose. In the precious metal complex gold In 1760 he went down one more to hit the key support. This is a level that has been carefully watched over most of the year. Meanwhile, US stocks have seen a slight rise following reports of retail sales. I think the Federal Reserve Board will be the center next week and the US dollar will continue to rise against low yields (I think)JPY & CHF).

US dollar, US 10-year yield, gold reaction

Stella retail sales rise to US dollar, gold breaks down into major support

Source: Refinitiv



Stella retail sales rise to US dollar, gold breaks down into major support

Source link Stella retail sales rise to US dollar, gold breaks down into major support

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