{"id":433925,"date":"2026-07-17T03:11:47","date_gmt":"2026-07-16T20:11:47","guid":{"rendered":"https:\/\/www.swingfish.trade\/blog\/market-news\/investinglive-americas-fx-news-wrap-us-retail-sales-match-estimates-but-tech-slumps-433925\/"},"modified":"2026-07-17T03:11:47","modified_gmt":"2026-07-16T20:11:47","slug":"investinglive-americas-fx-news-wrap-us-retail-sales-match-estimates-but-tech-slumps","status":"publish","type":"post","link":"https:\/\/www.swingfish.trade\/blog\/market-news\/investinglive-americas-fx-news-wrap-us-retail-sales-match-estimates-but-tech-slumps-433925\/","title":{"rendered":"investingLive Americas FX news wrap: US retail sales match estimates but tech slumps"},"content":{"rendered":"<div>\n<ul>\n<li><a href=\"https:\/\/investinglive.com\/stocks\/trump-to-sell-faster-access-to-his-truth-social-posts\" rel=\"follow\">Trump to sell faster access to his Truth Social posts<\/a><\/li>\n<li><a href=\"https:\/\/investinglive.com\/stocks\/google-gemini-launch-delayed-as-tech-falls-short-of-goals-report\" rel=\"follow\">Google Gemini launch delayed as tech falls short of goals &#8211; report<\/a><\/li>\n<li><a href=\"https:\/\/investinglive.com\/central-banks\/fed-s-logan-investment-demand-for-ai-is-big-real-and-near-term-inflationary\" rel=\"follow\">Fed&#8217;s Logan: Investment demand for AI is big, real and near-term inflationary<\/a><\/li>\n<li><a href=\"https:\/\/investinglive.com\/central-banks\/fed-s-schmid-recent-inflation-encouraging-but-too-early-to-say\" rel=\"follow\">Fed&#8217;s Schmid: Recent inflation encouraging but too early to say<\/a><\/li>\n<li><a href=\"https:\/\/investinglive.com\/stocks\/what-united-airlines-tells-us-about-the-shape-of-the-us-customer\" rel=\"follow\">What United Airlines tells us about the shape of the US customer<\/a><\/li>\n<li><a href=\"https:\/\/investinglive.com\/news\/us-may-business-inventories-vs-0-3\" rel=\"follow\">US May business inventories +0.3% vs +0.3% expected<\/a><\/li>\n<li><a href=\"https:\/\/investinglive.com\/news\/us-pending-home-sales-for-june-5-4-versus-0-5-expected\" rel=\"follow\">US Pending Home sales for June -5.4% versus -0.5% expected<\/a><\/li>\n<li><a href=\"https:\/\/investinglive.com\/news\/us-initial-jobless-claims-208k-vs-217k-estimate-2\" rel=\"follow\">US initial jobless claims 208K vs 217K estimate<\/a><\/li>\n<li><a href=\"https:\/\/investinglive.com\/news\/us-june-retail-sales-vs-0-2-expected\" rel=\"follow\">US June retail sales +0.2% vs +0.2% expected<\/a><\/li>\n<li><a href=\"https:\/\/investinglive.com\/news\/us-july-philly-fed-business-index-41-4-vs-13-0-expected\" rel=\"follow\">US July Philly Fed business index +41.4 vs +13.0 expected<\/a><\/li>\n<li><a href=\"https:\/\/investinglive.com\/news\/canada-june-housing-starts-239-0k-vs-257-9k-expected\" rel=\"follow\">Canada June housing starts 239.0K vs 257.9K expected<\/a><\/li>\n<\/ul>\n<p>Markets:<\/p>\n<ul>\n<li>Nasdaq Comp -1.5%<\/li>\n<li>Gold down $83 to $3976<\/li>\n<li>WTI crude oil down 57-cents to $79.03<\/li>\n<li>US 10-year yields up 1.6 bps to 4.56%<\/li>\n<li>USD leads, CHF lags<\/li>\n<\/ul>\n<p>The chipmaker bloodbath continued with Micron shares falling 5.9% to the lowest since May 26 and Sandisk down 12.6%. Overall, more stocks in the S&amp;P 500 gained than declined and banks were particularly healthy. However the big names struggled and Google was also hit by a report that its latest Gemini model is a disappointment. Selling accelerated into the late afternoon before a solid bounce in the final 30 minutes of trading.\u00a0 Shares of Netflix are choppy after reporting earnings following the close.<\/p>\n<p>In terms of economic data, the retail sales report was essentially in line with estimates along with slight upward revisions to the prior. That&#8217;s a decent sign for the consumer and the commentary from United Airlines was positive, particularly on affluent consumers.\u00a0<\/p>\n<p>In FX, the US dollar was generally bid and USD\/JPY made some headway once again after the brief reprieve on this week&#8217;s CPI. The Fed commentary retained a hawkish tone but the people talking were mostly hawks, so there&#8217;s hardly a signal there.<\/p>\n<p>Gold was beaten up and the selling accelerated after a break of $4000. The gold bulls need the war to end and the US dollar to soften but neither is happening at the moment. There are vague reports of attacks on Iran&#8217;s infrastructure at the moment, including a bridge in Bandar Khamir.<\/p>\n<p>                            This article was written by Adam Button at investinglive.com.<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"<p>Trump to sell faster access to his Truth Social posts Google Gemini launch delayed as tech falls short of goals &#8211; report Fed&#8217;s Logan: Investment demand for AI is big, real and&hellip;<\/p>\n","protected":false},"author":216,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[86],"tags":[],"class_list":["post-433925","post","type-post","status-publish","format-standard","hentry","category-market-news"],"_links":{"self":[{"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/posts\/433925","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/users\/216"}],"replies":[{"embeddable":true,"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/comments?post=433925"}],"version-history":[{"count":0,"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/posts\/433925\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/media?parent=433925"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/categories?post=433925"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/tags?post=433925"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}