Market Overview

ForexLive North American Wrap: Retail Details Telltale

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US retail sales beat expectations
Empire Fed -6.61 vs -4.00 exp
Dudley: Fed won't make ‘hasty' exit after growth picks up
Bullard forecasts 3.5% US GDP growth in 2013
Fed's Lacker 'cautiously optimistic'
BOC's Carney loses hawkish bias
Canada home resales down 15.1% y/y
Greek loan tranche to be disbursed in mid-November
Fmr ECB Orphanides says ECB should cut
BOC survey: hiring and investment intentions tumble
Germany open to discuss euro area budget
Japanese PM-candidate wants higher BOJ inflation target
Talk of iPhone sales skewing US retail sales
Panama may begin using euros
S&P downgrades outlook on big European utilities
Soros: If Germany leaves euro, crisis would disappear
Spanish 1oyr yields +19bps to 5.82%
Gold touches one-month low at $1728

The euro ran into offers at 1.2980 after a run-up from 1.2895 in Europe. EUR/USD peeled back to 1.2335 but rebounded to 1.2955 on late risk aversion.

USD/JPY surged to 78.68 after the retail sales report but the gains were quickly washed away and the pair slipped to 78.67.

USD/CAD caught some bids at the confluence of the hourly upward trendline and reecnt lows to rebound above 0.9800 from0.9769. The pair was conflicted with positive US data but negative domestic reads on housing and Carney's comments.

Oil touched $89.79 but rebounded to $97.69, No clear reason behind the swing.

Posted in: News, Retail Sales

 

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