Trading news

Australia's retail sales to -0.1%

Australia

Australia's retail sales dropped from 0.1% to -0.1%. The economists predicted the nation's RS to appreciate 0.3%.

Australia's RS to -0.1% and Indonesia's GDP to 4.94%

Indonesia

Indonesia's gross domestic product declined from 5.02% to 4.94%. The analysts estimated the GDP to climb to 5.07%.

Germany

Germany's factory orders rose from -3.6% to 5.2%. The economists and the analysts predicted the indicator to climb 0.5%.

U.S. dollar slightly higher

The U.S. dollar traded considerably higher versus its main counterparts today, following the U.S. wage growth slowdown. The U.S. dollar index traded to 99.98, rising 0.29%.

The Federal Reserve will likely deal with the weakening in wage growth in a more conservative approach on increasing rates.

The USD/JPY pair reached the 112.45 zone, dropping 0.18%, the GBP/USD approached the 1.2450 level, and the EUR/USD traded to 1.0736, declining 0.43%.

Oil relatively upper in the EU session

During the EU morning session today, oil climbed considerably higher. Crude oil traded to $53.98 a barrel, rising 0.3% or 15 cents, Brent oil to $56.88 a barrel, adding 0.1%, gasoline traded at $1.570 a gallon, and heating oil traded to $1.674 a gallon, both appreciating 0.6% or 0.9 cents respectively.

Moreover, the natural gas escalated to $3.065 per million British thermal units, reporting 0.1% or 0.2 cents appreciation.

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ArgusFX Review

Monday, 06 Feb, 2017 / 1:37

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Source : https://www.argusfx.com/en/research-education/market-analysis/news/australia-s-retail-sales-to--0.1

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