US retail sales miss expectations – USD falls

A bad retail sales report makes a September hike basically impossible (if anybody was expecting it)

USD down — more coming

The US was expected to report a rise of 0.4% in retail sales in July after 0.6% in June (before revisions). Core sales were predicted to rise 0.2% after +0.7%.

The US dollar returned to its balance after a week that saw mood swings in the aftermath of the positive NFP^[1].

Retail sales, PPI data

• Retail sales: previous +0.6%, expected +0.4%, actual:
• Core retail sales: prev. +0.7%, exp. +0.2%, actual:
• Retail control group: prev. +0.5%, exp. +0.3%, actual:
• Retail ex gas/autos: prev. +0.7%, actual:
• PPI m/m: prev. +0.5%, exp. +0.1%, actual:
• Core PPI m/m: prev. +0.4%, exp. +0.2%, actual:
• PPI y/y: prev. +0.3%, exp. +0.2%, actual:
• Core PPI y/y: prev. 1.3%, exp. 1.2%

Currencies react to retail sales

We still have a big consumer related release ahead.

See how to trade the US consumer confidence with EUR/USD^[2]

Get the 5 most predictable currency pairs^[3]

References

1. ^{^} positive NFP (www.forexcrunch.com)
2. ^{^} See how to trade the US consumer confidence with EUR/USD (www.forexcrunch.com)
3. ^{^} Get the 5 most predictable currency pairs (www.forexcrunch.com)

from Forex Crunch http://feedproxy.google.com/~r/ForexCrunch/~3/iISS9kaPYCw/

from Online Forex Trading Resource http://its-veso.tumblr.com/post/148834507077