Retail Sales offer much needed support to the Dollar ahead of Fed minutes

Discussion in 'Technical Analysis' started by FXStreet_Team, Feb 15, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

    Oct 7, 2015
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    General market theme On Friday the price action revolved mainly around the Dollar as the market participants were focused on the US currency in light of the Retail Sales report. The consumer report was in focus as the Fed made clear in their recent commentary that they’re monitoring the consumer market and actually believe that it’s going to be one of the key drivers of the domestic economy. Thus when the Retail Sales report printed in a bullish manner the result was a rally in the US Dollar

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