Daily Alert: Thursday 16th February 2017

Mark NugentDaily Alert, Feb 2017

Forex Analysis for Thursday 16th February 2017

In the US, Headline and Core CPI m/m and also Retail Sales m/m all beat expectations.

The USD fell yesterday despite hawking comments from Fed Chair Yellen and good CPI and Retail Salers numbers. It is not clear why this happened. Some have attirbuted this to movements in the bond market. US equities continued up unperturbed. The EUR rose slighjtly as the Euro50 approached short-term resistance. The GBP dropped within its consolidation zone but UK equities continued up. The JPY strengthened and the Japan 225 had a down day.

Later today we have NZ Retail Sales.

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