UK retail sales likely to register a 0.2% m/m gain – TDS

Research Team at TDS explains that the UK retail sales haven’t seen any growth since October, so markets will be watching closely to see if this is the beginning of a pattern or whether we finally see a rebound in February. Key Quotes “We’re looking for a 0.2% m/m gain (mkt 0.4%), ...

China’s Feb crude oil imports from Iran +18.1%, Saudi -12.9%

China Customs is out with their latest monthly report on the country’s oil imports, reflecting a solid increase in imports for the commodity from Iran. Key Details: China imports from: Iran yy +18.1% to 657,900 bpd Russia yy +4.5% at 1.12m bpd Saudi Arabia -12.9% at 1.24mbpd Iraq +12.2% at ...

When is UK retail sales and how could affect GBP/USD?

UK retail sales Overview The retail sales data is expected to rebound to 0.4% m/m in February, while on annualized basis, retail sales are expected to jump to 2.6%. In January, retail sales was seen at -0.3% over the month. The report will be published later this session at 0930GMT. Deviation ...

US Dollar struggling for direction near 99.50

The greenback – gauged by the US Dollar Index – remains under pressure so far this week, currently looking to gather some traction in the mid-99.00s. US Dollar attention to US politics The index has practically retraced the February-March rally, so far losing ground for the third ...

ECB: Expect a take-up of about EUR250bn in final TLTRO – Danske Bank

Analysts at Danske Bank points out that the results of the fourth and final ECB TLTRO are due to be announced today and they expect a take-up of about EUR250bn, which is a significantly higher figure compared to the first three auctions. Key Quotes “We expect higher demand at the final ...

AUD/USD maintains bearish bias for third straight session

The AUD/USD pair traded with bearish bias for the third straight session but remained within previous session's trading range.  The pair prolonged its corrective slide from over 4-month tops touched at the beginning of this week and continued with its struggle to recover back the 0.7700 ...

Europe: Guided by political risks – Westpac

Tim Riddell, Resarch Analyst at Westpac, suggests that markets may be comfortable with Macron vs. Le Pen in the 2nd ballot, but French polls could throw a surprise given the size of undecided voters (over 30%).  Key Quotes “Triggering Article 50 will begin genuine Brexit negotiations and ...

AUD/USD momentum switched to negative

Increased downward momentum in the AUD/USD has brought the 4hr MACD to step in the red zone.This technical condition would certainly not be of much help if the MACD hasn't been under zero for at least one week of trading. This reinforces the argument that room for further AUD/USD depreciation is ...

Germany Gfk Consumer Confidence Survey came in at 9.8 below forecasts (10) in April

Turkey Consumer Confidence climbed from previous 65.7 to 67.8 in March

German Gfk consumer climate 9.8 vs. 10.0 forecast

Germany’s Gfk consumer climate fell unexpectedly last month, data showed on Thursday.In a report, research group Gfk said that its index of Germany’s consumer climate fell to 9.8, from 10.0 in the preceding month.Analysts had expected Gfk consumer climate to remain unchanged at 10.0 last month.

Forex Today: Risk reset in Asia, UK retail sales, Trumpcare bill vote eyed

A turnaround in the risk sentiment was seen in the Asian trades this Thursday, as the region’s equities tracked the recovery in the US stocks and treasury yields. The USD/JPY pair held onto recovery gains above 111 handle, while the Aussie lost footing amid higher treasury yields and subdued ...

EUR/USD advances to highs above 1.0800

EUR/USD is up smalls early in the European morning, hovering over the 1.0800 handle and trading within a tight range for the time being. EUR/USD looks to Trump The pair keeps the trade in the upper bound of the weekly range, a tad lower than recent highs near 1.0820 amidst a mild pick up in the ...

Taiwan stocks higher at close of trade; Taiwan Weighted up 0.08%

Investing.com – Taiwan stocks were higher after the close on Thursday, as gains in the Construction, Electricity and Textile sectors led shares higher. At the close in Taiwan, the Taiwan Weighted rose 0.08%. The best performers of the session on the Taiwan Weighted were I-Hwa Industrial Co Ltd ( ...