The value of retail sales in Australia was up a seasonally adjusted 0.9 percent on month in May, the Australian Bureau of Statistics said on Wednesday - coming in at A$34.229 billion. more...
Germany's consumer confidence dropped to a new record low in July as consumers see the risk of the economy slipping to a recession, survey results from the market research group GfK showed on Tuesday. The consumer confidence index fell to -27.4 in July from revised -26.2 in June. The score was forecast to fall to -27.6. more...
New orders for U.S. manufactured durable goods increased by more than expected in the month of May, according to a report released by the Commerce Department on Monday. The report showed durable goods orders climbed by 0.7 percent in May after rising by 0.4 percent in April. Economists had expected orders to inch up by 0.1 percent. more...
The US Dollar (via the DXY Index) will likely be reminded of the US economy’s weak growth environment in the coming days. more...
The euro came out of the intense week relatively unscathed as it heads into another stacked week full of key economic data while EUR/USD holds above 1.05. The daily price is testing S2 Yearly Pivot to above for the secondary bear market rally to be started. Alternatively, if the price is bounced from S2 Yearly Pivot to below so the bearish trend will be continuing with the possible ranging way for example. more...
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