"We find evidence that consumers have picked up their spending outside of their home metropolitan statistical area .. we need to see further evidence in coming weeks - if so, it could be an early sign that the Delta-lull is passing and a mini-reopening cycle is starting."

The EURUSD continue the fall after the better than the expected retail sales today. The price has been trending to the downside with technical levels broken including the 100 hour moving average, the 50% retracement, and more recently a swing level between 1.17657 and 1.17709, and the 61.8% retracement of the move up from the August 20 low at 1.17570.  The price is trading lower and trading at  the lowest level since August 27.  

Covid hit hard in the month but that didn't stop consumers from spending. Even the category that contains restaurants and bars managed a flat reading in the month while online shopping and furniture sales jumped.

Prior was 19.4New orders 15.9 versus 22.8 last monthEmployment 26.3 versus 32.6 last monthAvg workweek  vs 20.1 last monthCapex 23.6 vs 33.7 priorPrices paid 67.3 versus 71.2 priorFuture activity 20.0 vs 34.0 priorFull report

Prior was -1.1% m/m (revised to -1.8%)Retail sales ex autos +1.8% vs -0.1% expectedPrior ex autos -0.4%Retail sales control group % vs -0.1% expectedRetail sales ex auto and gas +2.0% vs -0.7% priorEx autos/gas/building materials/food services +2.5% vs -0.1% exp

Given the jump in home prices, I would have expected to see a quickening pace but it's a struggle to source workers and supplies for home builders. That's leading to high price quotes from contractors and keeping the market undersupplied.

We've got some top tier data coming out at 8:30 am ET (1230 GMT) with US retail sales, initial jobless claims and the Philly Fed all out at the same time.

As the North American session begins, the NZD is the strongest of the major currencies. The CHF is the weakest. The USD is mostly higher but with all of the gains vs the CHF, EUR and a lesser extent,the AUD.  The USD is modestly lower vs the NZD.  The USDCHF (and CHF pairs) trended higher with the pair breaking above the recent ceiling high at 0.92414 (highest level since July 8th).  The EURUSD had a similar looking trend fall and traded to the lowest level since August 27th.  US retail sales will highlight the economic releases today. With the expectations for -0.7% for the headline and near -0.1% for the core measure. The Philly Fed index for September (18.9 estimate) will also be released. Recall the Empire manufacturing yesterday came in better than expected. 

NZD leads, CHF lags on the dayEuropean equities higher; S&P 500 futures down 0.1%US 10-year yields up 1.2 bps to 1.315%Gold down 1.0% to $1,774.70WTI down 0.2% to $72.50Bitcoin flat at $47,925

The drop on the month will owe much to a plunge in auto sales, so look towards that for any "spin" on the report later today if the market is to go with the narrative that the economy is still holding up ahead of next week's FOMC meeting.

People may not talk about behavioral psychology as much as they do with strategies and types of investments, but it significantly impacts our lives. It is something that influences life in general and also in trading. Under this topic, we have what we call "bias." It is a preference or prejudice that people hold. Many times, people feel indifferent about that person's bias that it is irrational. However, some people do not even know that they have biases. As humans, investorstend to have this. In fact, there are many of them, and a whole day is not even enough to cover them all. But we know that one thing is for sure, all of these biases influence and cloud an investor's judgment, and it can be hazardous when making decisions.

Diving deeper into bias

Let us say that we hand an investor a variety of facts and opinions that make sense. If this investor has a bias, whether he knows it or not, he will choose to look the other way if it does not match his beliefs....

Meanwhile, the ones for USD/JPY at 109.70-80 coincide with the key hourly moving averages so that may help to provide some additional layer that buyers need to chew through in order to seize back some near-term control in the pair.

There are many types of investors. They are different in terms of age, strategies, goals, and even how they analyze risks and benefits. When it comes to the latter, there are three popular ways to explore and study the pros and cons of stock market investments, especially the long-term ones. We have technical, fundamental, and quantitative analysis. As an investor, it is crucial to learn these to make the most out of the advantages of these strategies when you pick stocks. Also, they can be very effective in becoming more profitable. 

One of three: Fundamental analysis

Most investors who prefer getting long-term investments start by maximizing the use of fundamental analysis. They use it when they want to develop an idea or make sound decisions in their investments. This fundamental analysis may be relative to a company, a specific stock, or even to the market as a whole. You do this when you want to know a particular security's intrinsic value, and you do...

There are some interesting implications for the German economy from this as a coalition between the SPD and Green parties may bolster bund yields and the euro amid a supposedly more fiscally expansive stance.

Let us assume that this is the year 2019, and Apple just released its latest model, iPhone XS Max. After a few months, they released a newer model, which declined the value of your iPhone XS Max. Its value will continue to decline over time, and there is nothing that you can do about it. Cars. Time-Decaying securities. These are also some examples of wasting assets. Wasting assets such as options and other fixed assets have a limited life span, and they lose their value over time. Their time value will continue to decline after your purchase over time.

Tell me more about wasting assets

A wasting asset continuously loses its value over time. We can name many examples that are reasons why many accountants try to measure the decrease rate. They assign depreciation schedules to gauge how much value they decline per year. The most common examples of wasting assets include cars and vehicles. However, it is not the case for every car. Some rare models increase value...

The seasonally adjusted reading shows a slight bump in trade surplus with exports rising by 1.0% m/m and imports up 0.3% m/m. Overall, it points to steadier and a gradual improvement in trade conditions as the recovery in the economy continues.

I'll try to keep this short and concise. There just isn't much reason to keep a bullish conviction on the aussie currently and I feel like I've been repeating this for many a time over the past few months at least.

The dollar isn't overwhelmingly strong in European trading but there is an evident push lower in EUR/USD over the past few hours as the pair slides from 1.1810 to 1.1775 and is marked down by 40 pips on the day now.

This follows the retreat on Wednesday but the gains here are mostly buoyed by the late surge higher in US equities after the close yesterday. As for the overall market mood, it is more tepid at the moment with US futures down roughly 0.1%.