Daily Alert: Friday 17th February 2017

Mark NugentDaily Alert, Feb 2017

Forex Analysis for Friday 17th February 2017

NZ Retail Sales q/q missed at 0.8% vs expectation of 1.1%. Core also missed.

Early today saw UK Retail Sales missed badly at -0.3% vs expectation of 1.0% but forecast accuracy is very poor. This has not stopped the GBP from falling.

Trump’s ad libbed 90 minute unscheduled press conference caused an amount of bewilderment as he seeems to be back in campaigning mode.

The USD dropped and US equities seem to be turning down. The Euro50 also turns down as does the Japan 225 on the strong JPY. UK equities are mixed. The EUR strengthens and re-approaches the short-term support line. GBP weakens slightly.

That concludes the economic calendar for this week.

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