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  • U.S. retail sales fall again in December

    From reuters.com

    U.S. retail sales declined further in December as renewed measures to slow the spread of COVID-19 undercut spending at restaurants and reduced traffic to shopping malls, the latest sign the economy lost considerable speed at the end of 2020. Retail sales dropped 0.7% last month, the Commerce Department said on Friday. Data for November was revised down to show sales declining 1.4% instead of 1.1% as previously reported. Economists polled by Reuters had forecast retail sales unchanged in December. Excluding automobiles, gasoline, building materials and food services, retail sales tumbled 1.9% last month after a ... (full story)

GBP/USD south has been slow moving, yawning.........
crap data but still $ flying !!
Dman manipulation! Bad data, stimulus announced, USD strengthen, vaccines not fully ready yet. Wth?!
For every bad data the $ will go higher because people exit from shares to the liquidity and buy USD.
It is about liquidity supply.
But when they will be obliged to provide money to help people ... the USD will go down like a rock.
After Trump quite the White House I think that it will drop.
Quoting ABrokeTrader
For every bad data the $ will go higher because people exit from shares to the liquidity and buy USD. It is about liquidity supply. But when they will be obliged to provide money to help people ... the USD will go down like a rock. After Trump quite the White House I think that it will drop.
Almost everything is at either all time high or several months high.

It needs a breather to continue another day
DXY $ - Sell Again & Again, Many Fail News, Now Start TO Up Trend
Quoting iefx
Dman manipulation! Bad data, stimulus announced, USD strengthen, vaccines not fully ready yet. Wth?!
First - Stop with the manipulation talk.

Second - this is an example of buy the rumor and sell the fact. IF you last long enough in the Forex market you will understand.
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Hey fx sports I hope you are well I found it interesting that you say buy the rumour and sell the facts please could you give me an example of a rumour in this scenario specifically? I have followed EUR/USD the entire day but it seems that it was a sell throughout the day? I am looking for friends that could help me learn for free what ever you can give I will be grateful. I dont have anyone to learn with or from I study as much as I can on my own but would be helpful if we could chat from time to time if you have time? How does one person decide which pairs would best suit the news its been a few times that I watched the news and preformace does not match but when you say buy the rumors sell the facts seems to make sense as I have seen that example of selling the facts a few times with respect to EUR/USD
Quoting fxsport
{quote} First - Stop with the manipulation talk. Second - this is an example of buy the rumor and sell the fact. IF you last long enough in the Forex market you will understand.
I don't mind. Whatever it is, it's still too premature to long USD (I'm trading EU and Gold). Trend reversal is not simple as abc. A little down move doesn't mean trend just changed (at least double top/bottom at certain level) Just lets see what'll happen later.

However, thanks for your reminder man. Have a good weekend!
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