Blue Line Stock Data
Markets

The strongest and weakest currencies as NA traders enter for the day

May 13, 2016. The JPY is the strongest. The AUD is the weakest

The snapshot of the relative strengths of the major currencies shows that the JPY is the strongest, while the AUD is the weakest.

The reasons for the flows is kinda hard to put a finger on big reasons. German GDP was stronger but EU GDP was weaker than expectations at 0.5% vs 0.6%. German CPI was as expected at -0.4%. The USDJPY and JPY crosses generally saw sellers. The AUDUSD weakness has been steady through the day. Gold is up 0.4%. Oil is down 1%. Stocks are little changed in Europe but trading near the highs. The US pre-opening levels are showing lower levels with the S&P futures down -6 and the Nasdaq futures down 15 points.

US retails sales are expected to rise by 0.8% after falling -0.4% last month. Ex auto is forecast to rise +0.5%. PPI is expected to rise by 0.3%. Those figures come out at 8:30 AM ET. At 10 AM the preliminary UoM Consumer sentiment is expected to come in at 89.8 vs 89.0 last month. Business inventories are expected to rise by 0.2%.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.


The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Other Topics

ForEx

Latest Markets Videos