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  • Retail Sales Rise Less Than Forecast as Americans Save Gas Money

    From bloomberg.com

    Sales at U.S. retailers rose less than forecast in October as consumers pocketed the money saved after fueling up their cars. Purchases increased 0.1 percent after being little changed in September, Commerce Department figures showed Friday in Washington. The median forecast of 84 economists surveyed by Bloomberg called for a 0.3 percent gain. Receipts at service stations dropped for a fourth consecutive month as gasoline prices declined. Consumers are showing some caution going into the key holiday-shopping season even as hiring reached a 10-month high in October and subdued prices at the pump support household ... (full story)

Guess we'll see some Friday covering.. I dunno.
I would like to take this opportunity to thank PPI for giving me the opportunity to sell more E/U.
Anybody have an idea why there is barely any movement in the Eur/USD despite the slew of bad US data
Quoting pippiphooray
I would like to take this opportunity to thank PPI for giving me the opportunity to sell more E/U.
PPI and Core PPI came red. Why sell E/U? Is there any clue about news trading that I don't seem to understand? It's like you and the markey manipulators are acting the same scripts.
Quoting PipsCrapper
Anybody have an idea why there is barely any movement in the Eur/USD despite the slew of bad US data
Errr.... Nobody! It just shows a bunch of Smart Money guys and/or MM are not yet done with their Dollar Buying .... thats all!
eu play games with human minds nowadays
Big fish eating small fish show is going on...
I really don't understand,

Negative data on the USD and its still going up.

Will someone explain?
FED does not look at FF red or green. The truh is that retail sales rose after many months of decline. PPI is obvious, oil is near multi year low.
  •  Guest
  • | IP XX.XX.232.59
Bad US data --> No rate Hike --> EUR/USD continue to drop???
well.. just like usual..
either good news or bad news, if "they" decide to buy USD, then USD up. period.
The overall effect was a SELL but with less push. Taking quick profit was the strategy that got me some pips.
  •  Guest
  • | IP XX.XX.212.2
Quoting PipsCrapper
PPI and Core PPI came red. Why sell E/U? Is there any clue about news trading that I don't seem to understand? It's like you and the markey manipulators are acting the same scripts.
It's because not everyhting so simple as you think. Just because news came worse than forcast it doesn't everytime mean bad. Look in the bigger picture. Last month Core Retail sales were negative, but now it's positive, so in overall picture there is progress in Retail sales, which gives more confidence for inflation..
whats the excuse now? US ignore the red report ?
  •  Guest
  • | IP XX.XX.109.211
Always sell ad Red news.
I had Sell on AUDUSD and EURUSD, but I close both :|
market moves as per PA
Quoting Ojiego
Errr.... Nobody! It just shows a bunch of Smart Money guys and/or MM are not yet done with their Dollar Buying .... thats all!
Red flag does not necessary mean bad for that currency. Always check it against the Previous and not the expected only

Core Retail Sales m/m Expected
Actual is better than 0.2% 0.4% -0.4% Previous

PPI m/m
Actual is better than -0.4% 0.2% -0.5%Previous

Core PPI m/m
Actual is the same -0.3% 0.1% -0.3% Previous, the same

Yes, they do manipulate the market alot, hey, is just life.
  •  Guest
  • | IP XXX.XX.17.40
Yes this is quite strange, and why does the pound also strengthens whenever US data is weak lately?
I'd better go shopping than buy EU. What? Say that again.
Quoting Guest
It's because not everyhting so simple as you think. Just because news came worse than forcast it doesn't everytime mean bad. Look in the bigger picture. Last month Core Retail sales were negative, but now it's positive, so in overall picture there is progress in Retail sales, which gives more confidence for inflation..
Bottomline is that it didn't meet expectations which makes it disappointing judging from current terms and the frenzy about rate hike.
jpy go up . divergence
c'mon. up up up.........
  •  Guest
  • | IP XXX.XX.17.40
Quoting PipsCrapper
Bottomline is that it didn't meet expectations which makes it disappointing judging from current terms and the frenzy about rate hike.
Exactly, my assumptions was that any negative data will not encourage rate hike in December and therefore it is/was a very strong USD sell signal...
Quoting PipsCrapper
PPI and Core PPI came red. Why sell E/U? Is there any clue about news trading that I don't seem to understand? It's like you and the markey manipulators are acting the same scripts.

... they need to wipe out ALL buys first before they go up with the EUR

... or they were trusting the "good numbers" made from 20 economists of the Big Banks ... but ... no one wants to lose his job because of bad forecasts .... hahahaha
c'mon...up up up up.......
Quoting tomiko
well.. just like usual..
either good news or bad news, if "they" decide to buy USD, then USD up. period.
exactly ... this is their current strategy ...

the US$ is the best selling product worldwide, so the higher the $ rate is, the higher is the profit ...
  •  Guest
  • | IP XX.XXX.203.81
If it were that simple we would all be billionaires by just looking at ff calendar and trading the red news accordingly.
Quoting PipsCrapper
PPI and Core PPI came red. Why sell E/U? Is there any clue about news trading that I don't seem to understand? It's like you and the markey manipulators are acting the same scripts.
BING!!! Don't fight, flow
Also, the market forces at hand are for increased rates for US, meaning stronger USD. Conversely, the ECB is in negative interest rate mode. The tide is undeniable. Any deviation from this trend is an opportunity to obtain better pricing. This will continue to drive my decisions until the fed
... market forces ? ... lol

... they want us to believe that shit ... strong USD and weak EUR

... somehow it's funny that since a former Goldman Sachs top manager is heading the ECB the USD is getting stronger and stronger and the EURO is getting weaker and weaker even if most economic data in Europe are much better than in the US since 2 years

... have you heard about "currency war"? ... this is what is going on
lol, Draghi and Yellen....nice match for USD Strength
Quoting golfking
... market forces ? ... lol

... they want us to believe that shit ... strong USD and weak EUR

... somehow it's funny that since a former Goldman Sachs top manager is heading the ECB the USD is getting stronger and stronger and the EURO is getting weaker and weaker even if most economic data in Europe are much better than in the US since 2 years

... have you heard about "currency war"? ... this is what is going on
Manipulator,, influencer, same difference. The end result is to just see the game. None of us are solvent enough to fight the tide, just be smart enough to flow with it. Further, if there is a full blown currency war, I hope to be a profiteer! Best of luck GK!
Quoting pippiphooray
Manipulator,, influencer, same difference. The end result is to just see the game. None of us are solvent enough to fight the tide, just be smart enough to flow with it. Further, if there is a full blown currency war, I hope to be a profiteer! Best of luck GK!

... agree with you
  •  Guest
  • | IP XX.XXX.176.198
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