EUR/USD, USD/JPY and AUD/USD Forecast – US Dollar Continues to See Interest.The US dollar continues to capture interest around the world, as the interest rate picture continues to favor a strong greenback. Also, with the US economy being one of the best performing, it all lines up at the same time.
Canada's retail sales stagnate in Nov as core sales down -1% mom.Canada's retail sales were flat in November, falling short of the expected 0.2% mom increase. The data revealed mixed performance across sectors, with declines in six out of nine subsectors.
ECB Preview: Confidence vs uncertainty – Deutsche Bank.ECB to continue to cut on 30 January with another 25bp reduction in the policy rate to 2.75%, and markets expect the description of the policy stance to be unchanged vs December, Deutsche Bank's analysts report.
US initial jobless claims rises to 223k, above exp 220k.US initial jobless claims rose 6k to 223k in the week ending January 18, above expectation of 220k. Four-week moving of initial claims rose 750 to 213.5k.
US: Initial Jobless Claims rose to 223K last week.US citizens filing new applications for unemployment insurance rose to 223K for the week ending January 18, as reported by the US Department of Labor (DoL) on Thursday. This print missed initial estimates and was higher than the previous week's unrevised tally of 217K.