US FX Handover – 18 April 2019
Matt Weller, CFA, CMT April 18, 2019 8:48 PM
- The US dollar was among the strongest major currencies today after strong initial jobless claims (192k) and March retail sales figures (1.6% vs. 1.0% eyed). The world’s reserve currency is testing a key resistance level ahead of a potentially quiet long holiday weekend.
- In other US news, the release of the Mueller report on Russian interference in the 2016 election has garnered plenty of headlines, with little in the way of direct market implications.
- The loonie finished in the middle of the pack after a solid February retail sales report (+0.8% m/m vs. +0.4% eyed)
- The yen was the strongest major currency and the New Zealand dollar was the weakest on the day.
Futures, Options on Futures, Foreign Exchange and other leveraged products involves significant risk of loss and is not suitable for all investors. Losses can exceed your deposits. Increasing leverage increases risk. Spot Gold and Silver contracts are not subject to regulation under the U.S. Commodity Exchange Act. Contracts for Difference (CFDs) are not available for US residents. Before deciding to trade forex and commodity futures, you should carefully consider your financial objectives, level of experience and risk appetite. Any opinions, news, research, analyses, prices or other information contained herein is intended as general information about the subject matter covered and is provided with the understanding that we do not provide any investment, legal, or tax advice. You should consult with appropriate counsel or other advisors on all investment, legal, or tax matters. References to Forex.com or GAIN Capital refer to GAIN Capital Holdings Inc. and its subsidiaries. Please read Characteristics and Risks of Standardized Options.