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The Weekly Wrap – The Dollar Falls Further Back in Busier Week on the Data Front




 The market has been bustling for a week. The beautiful eurozone PMIs ended a week of turmoil.

statistics

He has been struggling for several weeks on the economic calendar, ending on February 19th.


A total of 72 statistics were analyzed based on 33 statistics from the previous week.


Of the 72 statistics, 48 ​​estimates and 22 market indicators outperformed the forecast. There are two measures that match the weekly estimates.


If we look at the numbers, 41 statistics show a slight increase compared to the previous numbers. The remaining 31 statistics, 30 increments.


For the Greenback, this is a two-week losing streak of the series, which is only the third consecutive weekly loss in 7 weeks. The market capitalization dropped 0.13% to 90.364. The dollar fell 0.62% to 90.480 last week.

From the US

It was a Monday week for financial information.


The first half of the week focused on NY empire manufacturing, retail and market metrics.


Statistics were similar, with major sales up 5.9% in January. Major sales fell 1.8% in December.


Retail sales were also good, up 5.3%, supporting a 1% decline since December.


Construction output rose 0.9% in January and 0.9% in December. It increased by 1.3%.


Growth in manufacturing in New York State is also positive. February. Commodities in NY State increased from 3.5 to 12.1.


In the second month of the week, data Retention increased.


Unemployment claims for the week were sad on Thursday. For the week ended February 12,forex pk initial claim claims rose to $ 848,000. 861 thousand. Economists have Estimated a loss of 765.000.


The Philly Fed Manufacturing Index fell from 26.5 to 23.1 in February, still weakening on the dollar.


At the end of the week, everything was cautious about the private equity PMI in February.


In February  the PMI for all major services rose from 58.3 to 58.9. while the manufacturing   PMI fell from 59.2 to 58.5,


In the area of ​​Fiscal policy, forex pk the minutes of the FOMC meeting confirmed the markets where the policy will not change for some time.


A few minutes ago, the service slump in buying money was a cause for concern. The Protocol provides one more thing.


In stock trading, the Nasdaq and S & P500 fell 1.57% and 0.71%, respectively, while the Dow gained 0.11%.


He is from England

It was a very happy week for financial information.


The Earnings results were better than expected in the middle of the week, January, which resulted in a further increase in Weight gain. The annual salary rate increased from 0.6% to 0.7%.


Although a 0.2% drop in consumer spending last month, it rose.


At the end of the week, the number of PMIs in both the retail and wholesale markets also remained sharp.


In January, major retailers fell 8.8%, in December. It was up slightly by 0.4%.


Retail sales fell 8.2%, compared with an increase of 0.3% in December. Both Sheets were much worse than the estimate and in February. With declining sales compared to last year, it turned red.


Preliminary data show the second quarter support for the PMI, but later fell sharply in January.


February. The service PMI rose from 39.5 to 49.7, while the business PMI rose from 54.1 to 54.9. As a result, Preliminary data ranged from 41.2 to 49.8 in February.


Expanded, incomplete closures did not appear to be in the middle of support services in the first quarter.




The tumors increased 1.21% During the week, closing the week at $ 1.4016. Weight prices rose 0.83% last week to $ 1.3849.


The FTSE100 closed the week up 0.52%, up 1.55% from the previous week.


Leaving the euro area

It was also a very happy week in the financial case.


Economic data for Germany and the euro area was the most important in the first half of the week.


The statistics were well separated by support for the euro before Friday's data collection.


The eurozone trade index rose from .8 25.8 billion to .2 29.2 billion is seen as an improvement in the market.


The economy in February also received a downturn

According to preliminary estimates, the PMI for consumer goods as of February 51.6. Increased to a three-year high of 55.0. Economists fall to 51.4.


The service PMI fell from a 47.3-month low of 43.6, a worse-than-expected drop of 47.0.


The German manufacturing industry continued its recovery in February, before PMI went up from a high of 57.1 to a 36-month high of 60.6. Economists fall to 56.5.


However, support services continued and the PMI for services fell from 46.7 to a 9-month low of 45.9. Economists fall to 46.5.


The euro area manufacturing PMI rose from 54.8 to 57.7, forex pk while the service provider's PMI fell from 45.4 to 44.7.


Despite the decline in PMI service, mixed PMI rose from 47.9 to 48.1, boosting manufacturing activity.


First, the minutes of the ECB meeting provided a good optical tone in support of the EUR. Members noted that risks continued to decline with the high potential of the euro.


Over the week, the EUR fell 0.01% to $ 1.2119. The euro rose 0.61% to $ 1.2120 last week.


For major European players, it was another mixed week after last week’s mixed season. CAC40 and EuroStoxx600 increased by 1.23% and 0.21% respectively, with a decreasing trend of 0.40%,


Rau Loonie

It was a quiet week. Market data include inflation in January and retail sales in December.


Month of January. Inflation has risen and annual inflation has risen further from 1.5% to 1.6%.


In a monthly comparison, consumer prices rose by 0.5%, and in December Decreased by 0.4%. Consumer spending rose 0.6% on a monthly basis.


But at the end of the week, the goods were disappointing.


Inventories fell 4.1% in December and The jump was 2.1%. Retail trade fell by 3.4% in November.


Although the content was mixed this week, Loonie saw support for further increases in oil prices.


February 19 Over the weekend, the Loonie rose 0.64% to $ 1.2615. Loonie rose 0.47% last week to $ 1.2696.


Elders

It was a bad week for the Austrian dollar and the Kiwi dollar.


In the week ending February 19, the Aussie Yellow rose 1.39% to $ 0.78869 and the Kiwi dollar 1.05% to $ 0.7299 at the end of the week.


For Aussie dollars

It was a quiet week.


The main benefits are January revenue and selling expenses.


It’s a combination of Aussie dollar numbers.


Month of January. Operating results increased by 29.1 thousand, total activity increased by 59.0 thousand.


The overall employment recovery fell from 6.6% to 6.4%. Part of this reduced participation from 66.2% to 66.1%.


At the end of the week, according to preliminary data, stocks increased by 0.6%. However, the rise was small after December. 4.2% loss would be incurred.


Overall, the numbers were good enough to increase every week.


In terms of pre-funding policy, RBA meetings earlier this week are still targets. But there is no doubt that the RBA took a surprising step last month.


Kiwi for dollars

It was a special week.


Commodity prices rose on Friday in the fourth quarter. Commodity prices leveled off in the fourth quarter, with Kiwi Yellow recovering at the beginning of the last quarter.


However, that wasn’t enough to make the kiwi red this week, but Friday’s 1.08% rally started the week.


Japanese yen

A tense week has passed.


The goal for the first half of the week was the fourth quarter. The Japanese economy grew better than forex pk expected during the quarter.


Over the year, the economy grew by 12.7% and the quarter by 3%. Development

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