EUR-USD turn with highs at 1.3525 in Asian trade to the negative bias!

EUR / USD opened today at 1.3430 (07.15 clock) after were marked in the Asian trading highs over the past 24 trading hours at 1.3525. The USD was raised against the JPY at 92.65. As a result, EUR / JPY traded at 124.40, while oscillating EUR / CHF at 1.4330. The present report, I would like to begin with a look at retail sales in Japan. It is doing something positive troubled by structural problems in Japan.

Japan's retail sales were up by February in the monthly variation of 0.9%. Year over year, presented himself at height a rise of 4.2%, after

2.0%. The forecast was up 2.6% by February.

The view of the impressive evidence of the chart since the spring of 2009 resulting recovery in retail sales, which now deserves the term sustainable.
This does not mean that a broad expansion of the overall economy in Japan is on the agenda. There are increasing signs, however, there also a more pronounced economic recovery.

Let us turn to the publications of last Friday, all of which came from the U.S..

Next was the revision of U.S. GDP as of 4 Quarter of 2009 on the agenda. This is where the growth has been revised from earlier 5.9% to 5.6% in annualized form. The forecast was 5.9%. Hence arose against the consensus forecast a slight disappointment. We continue our critical attitude toward the quality of U.S. data (GDP, productivity, price measurement, labor market, see "Finally, plain text, pages 137 - 172) to be known, and still take a look at the chart to complete the impression to be more important to us fields of the U.S. turn to statistics.
It is superficially quite impressive that the U.S. economy at least in the representation with annualized growth of nearly 5.6% growth in selected sizes of the developing Asian countries, despite renewed downturns in the U.S. housing market, weak automotive demand, lower consumer spending and further job losses, while the Europe is much more stable, established only meager growth rates between 1-2% produced. Oh, happy America ...

Let us thus to the U.S. consumer spending. According to the consumer confidence reading for the University of Michigan, turned in the final value as at March from the previous month at an unchanged result a points to 73.6. The assessment of current situation improved slightly, from 81,8 to 82.4 points, while the expectations component had previously experienced a decrease of 68.4 to 67.9 timer.