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  • Will a Strong Retail Sales Report Help the Dollar?

    From marctomarket.com

    The recent string of data shows the US economy is recovering from what will likely be revised into a small quarterly contraction. We know that slack in the labor market continues to be absorbed. Evidence from the average hourly earnings, Employment Cost index, and the Employer Costs for Employee Compensation that was reported yesterday, that upward pressure on labor costs is being experienced. From a competitive point of view, unit labor costs are rising. The third piece of the macroeconomic puzzle is consumption. Americans went on a shopping spree last October and November,, but went stayed home from December ... (full story)

i think not.
Will we get a strong retail sales report?
  •  Guest
  • | IP XXX.XXX.164.116
help the dollar from what?
It sure gonna be a big move because, a good one its going to rise to the sky and a bad one gonna flop lika a baloon i reqon.
  •  Guest
  • | IP XX.XXX.177.13
Definitely a strong retail sale will make the dollar stronger.
will be very negative like previous months.
they are stupid since they put forecast= 0.7%
impossible. it should be -0.3%
  •  Guest
  • | IP XXX.XXX.54.16
which one is correct? bullish or bearish for usd?
Really strong numbers so does the dollar get stronger? Barely, it teases a few pips then shoots up. That is why news cannot be trusted. You try a trade a strong number you will get whipsaw.
A good trader will know that this data is a decoy. Lol!
Quoting palinco
A good trader will know that this data is a decoy. Lol!
Why?
Quoting alphafunds
Why?
Because they most times use i to deceive traders who dont understand their tricks.
Nothing seems to support the USD lately and its all because of welfare state Greece BS thats going on. One thing for sure is if Greece goes insolvent....everyone will run for the USD and some will lose their drawers.
Greece is Fcking the Bond markets which is Fcking up the currency market all week. The Euro is schizophrenic right now and causing the DXY to behave in the same manner.
Quoting palinco
Because they most times use i to deceive traders who dont understand their tricks.
Not really, basically big money has opened large longs below 1.10 and they are building up from 1.10-1.12( trend has reversed). As you go through chart from March, you can find a lot of massive long areas.


PS

To think about any comeback of USD bullish trend, we would need to crash through 1.0820-1.0770 longs.


Quoting fxx360
Nothing seems to support the USD lately and its all because of welfare state Greece BS thats going on. One thing for sure is if Greece goes insolvent....everyone will run for the USD and some will lose their drawers.
Everything is supporting USD except big money.
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  •  Guest
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