German Retail Sales dropped 1.6% MoM in June vs. -3.3% expected. Retail Sales jumped 5.9% YoY in June vs. +3% expected. According to the latest data reported by Germany’s Destatis on Friday, the country’s Retail Sales arrived at 1.6% MoM in June versus -3.3% expected and +12.7% last. On an annualized basis, the German Retail Sales came in at +5.9% in June versus +3.2% seen in May and +3.0% expected. About German Retail Sales The Retail Sales released by the Statistisches Bundesamt Deutschland is a measure of changes in sales of the German retail sector. It shows the performance of the retail sector in the short term. Percent changes reflect the rate of changes of such sales. The changes are widely followed as an indicator of consumer spending. The positive economic growth usually anticipates “Bullish” for the EUR, while a low reading is seen as negative, or bearish, for the EUR. FX implications EUR/USD keeps its range below 1.1900, as the shared currency ignores update German Retail Sales data. At the time of writing, the major rises 0.30% to trade at 1.1881 FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next EUR/USD has only one hurdle ahead of 1.20 after hitting a two-year high – Confluence Detector FX Street 3 years German Retail Sales dropped 1.6% MoM in June vs. -3.3% expected. Retail Sales jumped 5.9% YoY in June vs. +3% expected. According to the latest data reported by Germany’s Destatis on Friday, the country’s Retail Sales arrived at 1.6% MoM in June versus -3.3% expected and +12.7% last. On an annualized basis, the German Retail Sales came in at +5.9% in June versus +3.2% seen in May and +3.0% expected. About German Retail Sales The Retail Sales released by the Statistisches Bundesamt Deutschland is a measure of changes in sales of the German retail sector. It shows the performance of the retail sector in the short… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
