US domestic sales 11.12M vs 11.10M exp. I salute the forecasting skills of the automotive analysts.
Continue Reading April US total vehicle sales 14.38M vs 14.40M exp
I don’t often talk about the Dollar Index because it’s heavily weighted toward the euro (57.6%). The best way to measure a currency is by measuring it against its trading partners. The St. Louis Fed just published a 30-year chart of the US dollar, trade weighted. Technically, the chart looks ready for a major breakdown [...]
Continue Reading A clearer look at the long-term US dollar decline
Some modest selling at the Asian open. Offers seen at the US high of 80.30 and more at 80.35/40. There is no talk about buying interest at 80.00 but 79.72/64 will attract buying interest. I had some comments about this pair earlier.
Continue Reading USD/JPY drifts back toward 80.00