Forex Consulting

Eurozone Markit Nov mtg PMI flash 60.0 vs 58.2 exp

Eurozone Markit Nov PMI flash readings just out 23 Nov – 58.5 prev – services 56.2 vs 55.2 exp vs 55.0 prev – composite 57.5 vs 56.0 exp/prev More positive PMI data from the EZ sees EURUSD 1.1843 near session highs but sellers poised. EURGBP testing offers/res 0.8900-05. EURJPY facing sellers between 131.80-00 Copyright 2015…

Forex Consulting

Bitcoin holds up…for now, currencies hang tight

A quick recap on markets so far today Thursday price action was rather subdued, perhaps somewhat fitting given the Fed’s upgraded concerns about a prolonged period of low inflation as expressed by the Fed Chair late Tuesday and then again echoed in Wednesday’s Minutes. Copyright 2015 Forexlive.com

Forex Consulting

Canada Sept retail sales +0.1% vs +1.0% expected

Retail sales for September – Prior was -0.3% (revised to -0.1%) – Estimates ranged from +0.5% to +1.9% – Ex autos +0.3% vs +1.0% expected – Prior ex autos was -0.7% (revised to -0.4%) Very poor numbers and USD/CAD has kicked higher to 1.2713. Autos and clothing were particularly weak but were offset by categories associated…