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Author Archives: Forex Crunch

US retail sales beat expectations – USD surges

US retail sales finally shine: headline sales are up 0.6% in July, on top of a significant upwards revision for June: 0.3% against 0.2% originally reported. Core sales are up 0.5% against 0.3% and also on top of an upwards ...

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CAD at crossroads: where next?

The Canadian dollar is looking for a new direction after the big correction. What’s next? Here are two opinions: Here is their view, courtesy of eFXnews: CAD: What CAD’s 2 Biggest Driver Say About USD/CAD M/T Direction & Target? – ...

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UK inflation stuck at 2.6% – GBP crashes

The UK was expected to report a small rise in inflation: 2.7% y/y in July against 2.6% reported in June. Core CPI carried expectations for 2.5% after 2.4% and the RPI was predicted to remain at high ground. Producer prices ...

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EUR/USD extends losses on weak German GDP

Germany, the euro-zone’s locomotive, saw its economic output rise by 0.6%, slightly below 0.7% expected. This was countered by an upwards revision to the data for Q1: 0.7% against 0.6% published beforehand. The positives were domestic demand as well as ...

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