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  • Gain in U.S. Retail Sales Underscores Solid, Steady Consumer

    From bloomberg.com

    U.S. retail sales rose unexpectedly in June, wrapping up a solid quarter for household demand. The value of overall retail purchases advanced 0.6% last month following a downwardly revised 1.7% drop in May, Commerce Department figures showed Friday. Excluding autos, sales jumped 1.3% in June. The median estimate in a Bloomberg survey of economists called for a 0.3% decrease in June sales, and a 0.4% increase excluding autos. The value of retail sales has risen sharply this year, supported by government stimulus, elevated savings and vaccinations. Consumers are beginning to shift more of their purchases toward ... (full story)

Good news for USD.
Keep in mind this is June data where stimulus money and delayed spending still is being reflected in numbers.
\July and August figures will be where consumer shows their mettle.
Big Box stores by me which is near a major metropolitan center remain quite after a torrid spring.
People are experiencing sticker shock.
  •  Guest
  • | IP XX.X.247.205
high impact news where is the candle?
  •  Guest
  • | IP XX.XXX.183.211
Good news just in theory lol. Don't just trade immediately after the news. Wait for it for at least 1-2 hours.
not adjusted numbers are off.
Retail & food services total June 631,110 May 641,450

Total (excluding motor vehicle & parts & gasoline stations) June 443,721 May 449,202

Retail June 558,859 May 568,982

add: Two tiered economy Fed has engineered means Affluent have discretionary income whereas the bulk of populace does not without running up credit card.
DXY Rules!!
But why EURUSD and others are reversing UP ?
Can any one explain why USD losing strength, after releasing such a good data !
Not funny at all. Market awaits consumer sentiments!!!
Quoting RedCable
Can any one explain why USD losing strength, after releasing such a good data !
Good data for US economy = risk on . USD is a risk off asset.
...because you never know - until you do!
Quoting foto
Keep in mind this is June data where stimulus money and delayed spending still is being reflected in numbers. \July and August figures will be where consumer shows their mettle. Big Box stores by me which is near a major metropolitan center remain quite after a torrid spring. People are experiencing sticker shock.
Thank you
Quoting fxsport
{quote} Good data for US economy = risk on . USD is a risk off asset.
Sorry for my ignorance, im pretty new to these stuff, but why does good data for US economy meaning risk on? I know USD is a risk off asset ( safe haven ) but .. risk on..? I dont quite understand. Also, where do I read to learn? Thank you!!
"Good data for US economy = risk on . USD is a risk off asset. "
I still don't understand. Can anyone explain please?
  •  Guest
  • | IP XX.XX.193.151
The Market Makers generally "pretend" to move the market in the opposite direction that the general consensus thinks it should go. Once they hit their target (profits) then they will start to move the market in the "correct" direction...
Quoting Guest
The Market Makers generally "pretend" to move the market in the opposite direction that the general consensus thinks it should go. Once they hit their target (profits) then they will start to move the market in the "correct" direction...
This answer is the reason ..please dont take it for a joke ...if you are a trader
"Good data for US economy = risk on . USD is a risk off asset. "
I still don't understand. Can anyone explain please?
so tapering yes or not in near future? I wish can get a straight answer, I almost lost my patient not to launch bullets
Hope everyone gets green pips
This answer is the reason ..please don't take it for a joke ...if you are a trader
The data readings are all bullshit. The market makers just want your money for their profit. Where ever the highest number of trade the opposite will happen.
The Market Makers generally "pretend" to move the market in the opposite direction that the general consensus thinks it should go. Once they hit their target (profits) then they will start to move the market in the "correct" direction ==> I appreciate the explanation. Thanks. Still trying to get the meaning, but 'how do they get their profit by move the market in the opposite direction ' is still unclear for me. a bit more explanation from anyone please?
Quoting Hanuman2031
The Market Makers generally "pretend" to move the market in the opposite direction that the general consensus thinks it should go.
.... and you can't do anything about it.

We need to think like market makers. Understand liquidity. I suggest you spend more time in front of the charts studying price action.
Quoting rafnat
The data readings are all bullshit. The market makers just want your money for their profit. Where ever the highest number of trade the opposite will happen.
Would love to read more on these market makers.

Are you talking about HFTs?

When there is low risk of adverse selection HFT will absorb small flow before pulling their liquidity on the opposite side. They will also make their prices just ahead of any passive orders that look more significant and bona fide.

Takeaway message: It's mid July heading into August and some very quiet markets. The fear of more hawkish rhetoric has subsided and markets have re-entered complacency. Expect a lack of sizeable "toxic" flow. Expect HFTs to happily dance inbetween your orders all day long until at least late September unless something shocking happens in the interim.

I may have just saved you a fortune. You're welcome.
Quoting nu9rohowidi
But why EURUSD and others are reversing UP ?
Its Called EUR IRD and other impending High Impact news come next week
Quoting donroyalfx
This answer is the reason ..please don't take it for a joke ...if you are a trader
sorry my firend I was just joking, I am a real trader also a true gamer, btw I saw that you asked risk on
what I know is : risk on = the top without news n based on my exp
nzd
aud
cad
gbp
eur
chf
jpy
usd

if risk off the top is usd
usd
jpy
chf
eur
gbp
cad
aud
nzd
without specific news or sentiment I watch like that
but now usd also more to us economy I think
just share my though, it can be wrong too
Hope everyone gets green pips
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