Preview of the retails sales and the NY Federal Reserve Empire State Manufacturing Survey Its a busy morning coming up for US markets, with some politics to kick it off:
Payment firm Visa inflation-adjusted spending (on its credit and debit cards) – +0.7% y/y In June – follows +0.9% y/y in May Visa reported spending in shops and retail establishments grew more quickly than online for a second month in a row, the first time that has happened since 2012
Forex and Bitcoin news for Asia trading Monday 16 July 2018 After the previous two Monday morning in early Asia saw low liquidity forex volatility today was a little more subdued. Weekend news flow was light and only minimally impactful on the currency rates.
Speaking on conference call about the preliminary confidence report The University of Michigan survey director Richard Curtin is speaking on a call about the July University of Michigan consumer sentiment report. That report showed the preliminary estimate to have fallen from 98.2 last month to 97.1 in July. THe expectations rose from 86.3 to 86.4.…
Prior month 98.2 The University of Michigan consumer sentiment for July came in 97.1 versus 98.0 expected. ForexLive
expectations 98.0 versus 98.2 prior The University of Michigan consumer sentiment for July will be released at the top of the hour with expectations of a small decline to 98.0 from 98.2 in June.
Dow stock index leads the indices The US stocks are opening with modest gains in other markets: ForexLive
Fall below 200 bar MA as momentum slowed a bit. Bears cautious on the tilt in bias. Still a strong week higher in the pair. The USDJPY has tilled a little lower technically. The trend had been for traders to lean against the 100 and 200 bar MA on the 5-minute chart. That pattern was…
Fed’s Kaplan highlights Fed’s Kaplan headline from interview: ForexLive
Considering release before the November US elections There is a report that the Trump administration is considering releasing oil from the strategic petroleum reserves before the November elections.