Source: ForexYard
Trading was relatively quiet during the overnight session, as Japanese markets are closed for a bank holiday. That being said, the EUR did give up some of last Friday’s gains against the USD, but still managed to stay above the 1.2200 level. The EUR/USD is currently trading at 1.2227. Gold and crude oil also saw moderate losses during the overnight session, and are currently trading at $1586 and $87, respectively.
Main News for Today
US Retail Sales and Core Retail Sales- 12:30 GMT
• Both indicators have come in below expectations for the last two months
• That being said, analysts are predicting today’s news to show growth in the US retail sector
• If true, the USD could see moderate gains against the JPY during afternoon trading
Read more forex news on our forex blog
Forex Market Analysis provided by ForexYard.
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