Marketwatch North America

Daily Insights
February 15, 2024

Today’s dollar spot returns look like a replay of yesterday with minor losses against 9/10 of the G-10 currencies, and the dollar’s single G-10 gain vs. the GBP +0.21%. Dollar declines: -0.50% vs. CHF, -0.41% vs. JPY & NZD, -0.34% vs. AUD, -0.33% vs. EUR and -0.17% vs. CAD. The dollar index is trading at 104.38, -0.33% for the day. Near-term support is between 104.00 and 104.25.

U.S. Retail Sales data released today for January was below forecasts in all categories. Monthly Retail Sales were -0.8% (-0.2% est.); Monthly Retail Sales Ex-Auto were -0.6% (+0.2% est.); and Retail Sales Ex Auto & Gas were -0.5% (+0.2% est). Despite coming in below all forecasts, all Retail Sales results were within the most recent two-year high/low ranges. Import & Export Prices increased by 0.8% in January, above the +0.0% estimate.

U.S. Initial Jobless Claims were 212k (220k est.) for the week ending Feb 10th.

U.S. Treasury yields are lower in all tenors in an almost uniform decline ranging between -0.4% and -0.5%. The benchmark 10-year yield is 4.213%.

Economic Calendar

:
CAD - Housing Starts
:
AUD - MI Inflation Expectations
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CAD - Manufacturing Sales m/m
:
USD - Core Retail Sales m/m
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AUD - Employment Change
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AUD - Unemployment Rate
:
USD - Empire State Manufacturing Index
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CNY - Bank Holiday
:
USD - Retail Sales m/m
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JPY - Revised Industrial Production m/m
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USD - Unemployment Claims
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USD - Philly Fed Manufacturing Index
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USD - Import Prices m/m
:
USD - Industrial Production m/m
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USD - Capacity Utilization Rate
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USD - Business Inventories m/m
:
USD - NAHB Housing Market Index
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USD - Natural Gas Storage
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GBP - GDP m/m
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GBP - Prelim GDP q/q
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GBP - Construction Output m/m
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GBP - Goods Trade Balance
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GBP - Index of Services 3m/3m
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GBP - Industrial Production m/m
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GBP - Manufacturing Production m/m
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GBP - Prelim Business Investment q/q
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USD - FOMC Member Waller Speaks
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USD - TIC Long-Term Purchases
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CHF - PPI m/m
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CHF - SECO Consumer Climate
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EUR - ECB President Lagarde Speaks
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EUR - Italian Trade Balance
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EUR - Spanish 10-y Bond Auction
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EUR - EU Economic Forecasts
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EUR - Trade Balance
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GBP - NIESR GDP Estimate
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GBP - MPC Member Greene Speaks
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GBP - MPC Member Mann Speaks
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AUD - CB Leading Index m/m
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EUR - German Buba President Nagel Speaks
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NZD - RBNZ Gov Orr Speaks
:
NZD - BusinessNZ Manufacturing Index

Market Indicators

Currency Pairs
Pair High Low
usd/jpy 150.551 149.499
eur/usd 1.07724 1.07246
gbp/usd 1.25757 1.25404
aud/usd 0.65278 0.64774
usd/cad 1.35516 1.35104
eur/gbp 0.85701 0.85351
usd/mxn 17.1005 17.0495
Equities and Commodities
S&P 500 5004.65
NASDAQ 17820.7
DOW 38456.3
GOLD 2004.2
SILVER 22.86

This document is for information purposes only and does not constitute any recommendation or solicitation to any person to enter into any transaction or adopt any trading strategy, nor does it constitute any prediction of likely future movements in exchange rates or prices or any representation that any such future movements will not exceed those shown on any illustration. All exchange rates and figures appearing are for illustrative purposes only. You are advised to make your own independent judgment with respect to any matter contained herein.