News

America’s Roundup: Dollar strengthens after US retail sales data,Wall Street ends higher, Gold edges down, Oil ends little changed

Posted at 15 May 2026 / Categories Market Roundups


Market Roundup

•US Retail Sales (MoM) (Apr): 0.5%, 0.5% forecast, 1.6% previous.

•US Core Retail Sales (MoM) (Apr): 0.7%, 0.7% forecast, 1.9% previous.

•US Initial Jobless Claims: 211K, 205K forecast, 199K previous.

•Canada Wholesale Sales (MoM) (Mar): 1.9%, 1.3% forecast, 2.4% previous.

•US Retail Control (MoM) (Apr): 0.5%, 0.4% forecast, 0.8% previous.

•US Export Price Index (MoM) (Apr): 3.3%, 1.1% forecast, 1.5% previous.

•US Import Price Index (MoM) (Apr): 1.9%, 1.0% forecast, 0.9% previous.

•US Continuing Jobless Claims: 1,782K, 1,790K forecast, 1,758K previous.

•Canada New Motor Vehicle Sales (MoM) (Mar): 176.5K, 124.0K previous.

•US Retail Sales Ex Gas/Autos (MoM) (Apr): 0.5%, 0.7% previous.

•US Retail Sales (YoY) (Apr): 4.87%, 4.15% previous.

•US Jobless Claims 4-Week Avg.: 203.75K, 203.00K previous.

•US Export Price Index (YoY) (Apr): 8.8%, 5.6% previous.

•US Import Price Index (YoY) (Apr): 4.2%, 2.3% previous.

•US Business Inventories (MoM) (Mar): 0.9%, 0.8% forecast, 0.4% previous.

Looking Ahead Economic Data (GMT)  

•No Data Ahead

Looking Ahead Events And Other Releases (GMT)  

•No Events Ahead

Currency Summaries

EUR/USD : The euro dipped on Thursday as economic data continued to shift market expectations away from a potential rate cut from the Federal Reserve, while investors awaited any developments from talks between the U.S. and China.The Commerce Department said retail sales rose 0.5% last month, matching the estimate of economists polled by Reuters, after a downwardly revised 1.6% jump in March. Separately, the Labor Department said weekly initial jobless claims rose by 12,000 to a ?seasonally adjusted 211,000, slightly above the 205,000 estimate, indicating the job market remains ?stable.The dollar index, which measures the greenback against a basket of currencies, rose 0.37% to 98.83 with the euro down 0.29% at $1.1676. Immediate resistance can be seen at 1.1724(SMA 20), an upside break can trigger rise towards 1.1782(50%fib).On the downside, immediate support is seen at 1.1658(61.8%fib), a break below could take the pair towards 1.1634(Lower BB).

GBP/USD: Sterling dipped on Thursday  ?as a political crisis in the ‌UK escalated with the resignation of health minister Wes Streeting turning up the heat on Prime Minister ?Keir Starmer.Starmer is under pressure to resign ?over hefty losses for the ruling ?Labour party in last week's local elections.Sterling ?fell as much as 0.2% to $1.3502, having traded ?around $1.351 prior to the news. It was last at $1.3518.On the data front, Britain's economy grew unexpectedly in March, data showed on Thursday, to cap another strong ?first quarter, suggesting it was in better shape than many feared after the economy ?barely grew in the fourth quarter of last year. Immediate resistance can be seen at 1.3522(50%fib), an upside break can trigger rise towards 1.3552(May 12th high).On the downside, immediate support is seen at 1.3367(61.8%fib), a break below could take the pair towards 1.3352(Lower BB).

USD/CAD: The Canadian dollar edged lower  against greenback on Thursday as the gap widened between Canadian and U.S. bond yields. Canada’s 2-year yield fell 2 basis points further below its U.S. equivalent to a gap of about 105 basis points in favor of the U.S. note, marking the widest spread since January 22. Investors tend to favor the higher-yielding currency.The U.S. dollar added to recent gains against a basket of major currencies after economic data kept expectations intact that the Federal Reserve was unlikely to lower interest rates this year. Canadian home sales posted a modest increase in April from March ?after a slow start to the month, ‌and prices edged lower, data from the Canadian Real Estate Association showed on Thursday. The loonie was trading 0.1% lower at 1.3720 per U.S. dollar  after touching its weakest intraday level since April 16 at 1.3737. Immediate resistance can be seen at 1.3733(May 14th high), an upside break can trigger rise towards 1.3770(38.2%fib).On the downside, immediate support is seen at 1.3691(50%fib), a break below could take the pair towards 1.3664(SMA 20)

USD/JPY:  The U.S. dollar edged higher against the yen on Thursday as investors digested solid US economic data and monitored developments from Beijing.. China’s Xi Jinping told U.S. President Donald Trump that trade talks were progressing, but warned Taiwan tensions could damage relations and potentially lead to conflict.  The Trump-Xi summit is aimed at addressing key issues including trade, U.S. arms sales to Taiwan, and the reopening of the Strait of Hormuz. On the economic front, retail sales were in line with expectations, but propped up by rising gasoline prices resulting from the Iran war. Gasoline was ?largely responsible for the biggest jump in import prices since October 2022.A series of inflation reports this week showed the risk of spiking energy costs metastasizing to other goods and services, extinguishing hopes ‌for near-term ?rate cuts from the U.S. Federal Reserve. Immediate resistance can be seen at 158.00(Psychological level) an upside break can trigger rise towards 158.36(Higher BB) .On the downside, immediate support is seen at  156.70(Daily low)  a break below could take the pair towards 155.82(Lower BB).

Equities Recap

European shares closed higher on Thursday, after ‌hitting the highest in a week with a boost from technology stocks, while investors remained cautious about developments in the U.S.-China talks.

 UK's benchmark FTSE 100 closed up by 0.32 percent, Germany's Dax ended up by 1.48 percent, France’s CAC finished the day up by  0.84 percent.

U.S. stocks rose on Thursday, led by tech gains as investors digested solid economic data and tracked Trump’s high-stakes meeting with Xi Jinping in Beijing.

Dow Jones closed up  by  0.82 percent, S&P 500 closed up   by 0.86 percent, Nasdaq settled up  by 1.04 percent.

Commodities Recap

 Gold edged lower on Thursday, pressured by a stronger dollar and rising oil prices after reports of vessel incidents, while markets also focused on the Trump–Xi meeting in Beijing..

Spot gold was down 0.4% at $4,669.48 per ounce at ?2:48 p.m. EDT (1848 GMT). U.S. gold futures for June delivery settled 0.4% lower at $4,685.30.

Oil prices ended little changed on Thursday after Iran reported around 30 vessels had crossed the Strait of Hormuz, while attacks on a ship and seizure of another kept supply concerns elevated.

Brent crude rose 9 cents to $105.72 a barrel, after hitting a high of $107.13, while WTI gained 15 cents to $101.17.


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