EURUSD retraces lower after hitting 4-month high The bears eye converging 50- and 200-day SMAs Oscillators deteriorate but remain in positive zones EURUSD had been rising steadily following its bullish breakout from a downward sloping trendline in early July, posting a fresh four-month peak of 1.0947 last week. However, the pair has been experiencing a correction since […]
Retail sales rose 0.1% for the month of May. Additionally, April’s figure was revised downward to -0.2% month/month (previously flat). The reading was lower than the consensus forecast calling for an increase of 0.3%. Trade in the auto sector was up 0.8% m/m, reflecting increases both at motor vehicle dealers (0.8%), and automotive parts and […]
The post U.S. Retail Sales Eked Out a Gain in May appeared first on Action Forex.
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