Intraday Market Thoughts
USD hit by another data miss, gold, silver push up
by
May 13, 2015 16:50
The recurring disappointment in US retail sales (5th consecutive month below consensus expectations) gives reason for concern over the increasingly consumer-dependent US economy, particularly with the continuous lack of windfall gain to demand from improving weather and falling oil prices in early Q2. The notable reaction in currency markets is highlighted by the speed at which traders sell USD on each and every US data miss. Full charts & analysis
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