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Forex: USD/CAD recovers the 1.0100 level following retail sales in US

FXstreet.com (Barcelona) - The USD/CAD has taken a tumble during US trading, following what has been a virtual bloodletting from the 1.0135 level (session highs). Suffice to say, a surrendering of the 1.0100 level occurred earlier, though the cross is still trending downward after establishing fresh session lows (1.0089/94) in these moments on the heels of US data – the pair is now operating at 1.0099/00.

According to the ICN.com Technical Analyst Team, “Trading below 1.0140 keeps the affect of the bearish harmonic Bat Pattern valid; nevertheless, the pair settled last week for the second target at 61.8% correction around 1.0015 levels then rebounded to the upside. With the kick start of trading this week, trading is above Linear Regression Indicators and Stochastic is positive.”

In the United States, Retail Sales (MoM) grew at a rate of +0.1% in April, against expectations of -0.3%, compared with -0.4%. In addition, Retail Sales ex Autos (MoM) were reported at -0.1% in April, matching. projections calling for -0.1%.

Forex: USD/JPY testing the 102.00 level following US retail sales

During the waking stages of US trading Monday, the USD/JPY managed to pare the majority of losses on the day, bouncing off the 101.57 level. Following the release of US data, the cross is now trading at 101.99/00, up +0.11% on the day.
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Forex: EUR/USD dips to lows after US sales

The shared currency is rapidly losing ground against the greenback on Monday, printing fresh session lows in the boundaries of 1.2940, after US retail sales bettered forecasts, expanding 0.1% vs. -0.3% estimated....
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