Previous Trading Days Events 16.08.2024

UK Retail Sales MoM July 2024 retail sales rose 0.5, rebounding from Junes 0.9 drop, driven by a 1.4 increase in nonfood stores, while food sales stalled and automotive fuel sales fell 1.9.

UK Retail Sales YoY July 2024 retail sales increased 1.4 YoY, reversing Junes 0.3 decline.

US Building Permits July 2024 building permits fell 4 to 1.396 million, the lowest in four years, missing the 1.43 million estimate, with multifamily units down 12.4.

US Consumer Sentiment August 2024 Michigan Consumer Sentiment rose to 67.8, up from 66.4 in July, marking the first increase in five months.

Winners Vs Losers In The Forex Market

On August 16th, 2024, NZDUSD led the forex market with a 1.16 gain, rising 69.6 pips, while USDJPY was the top loser, dropping 1.13 and losing 168.8 pips.

News Reports Monitor Previous Trading Day 16.08.2024

Server Time Timezone EEST UTC 0300

Tokyo Session No relevant data.

London Session

UK Retail Sales MoM Bearish impact at 600 am GMT. Sales up 0.5, but 1.9 fuel sales decline.

UK Retail Sales YoY Bearish impact at 600 am GMT. Sales up 1.4 YoY, reversing Junes decline.

New York Session

US Building Permits Bearish impact at 1230 pm GMT. Permits down 4 to 1.396M.

US Consumer Sentiment Bullish impact at 200 pm GMT. Sentiment rose to 67.8.

General Verdict 

Mixed session with overall bearish bias driven by weak UK and US data, tempered by positive US sentiment.

FOREX MARKETS MONITOR

EURUSD…