Showing posts with label US Univ. of Michigan Consumer Sentiment. Show all posts
Showing posts with label US Univ. of Michigan Consumer Sentiment. Show all posts
December 11, 2009
Making 99 pips of profit from the falling Gold
US Advance Retail Sales and the University of Michigan index of consumer sentiment both rose more than estimates. Dollar rose and gold fell in response to the news and I managed to make 99 pips of profit by selling gold after the retail sales report.
August 16, 2008
NZ Retail Sales; Exploring Kiwi's Reaction
Retail sales in New Zealand rose 0.9 percent in June when analysts expected no change. However it is still showing a 1.5 percent decline on quarterly basis which is the first "back-to-back drop in a decade" and "the most in 13 years".
Recent data already showed that the economy contracted 0.3 percent in the first quarter, and another 0.5 percent decline is expected for the second quarter.
The data looks disappointing but the NZ dollar might have other reasons for its relatively positive reaction. I see it mostly in response to the decline in oil prices which continued from the last night through the Asian and European sessions and improved sentiment in equity markets. In addition, the University of Michigan Consumer Sentiment was expected to show improvement which could have worked in favor of high-yielding currencies as well as the Kiwi.
Recent data already showed that the economy contracted 0.3 percent in the first quarter, and another 0.5 percent decline is expected for the second quarter.
The data looks disappointing but the NZ dollar might have other reasons for its relatively positive reaction. I see it mostly in response to the decline in oil prices which continued from the last night through the Asian and European sessions and improved sentiment in equity markets. In addition, the University of Michigan Consumer Sentiment was expected to show improvement which could have worked in favor of high-yielding currencies as well as the Kiwi.
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