German Retail Sales jump 0.9% MoM in Jan vs. +1% expected. German Retail Sales rise 1.8% YoY in Jan vs. +1.5% expected. According to the latest data reported by Germany’s Destatis on Wednesday, the country’s Retail Sales rebounded 0.9% MoM in January versus +1.0% expected and -3.3% last. On an annualized basis, the German Retail Sales rose 1.8% in January versus +0.8% seen in December and +1.5% 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 is off the lows and holds above the 1.1150 level on mixed German Retail Sales data. The spot hit a low of 1.1143 in the last hour, weighed down by broad-based US dollar rebound. The USD bulls cheer the Biden win in Texas. 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 EU’s Gentiloni: Italy won’t be left alone, now think about reviving economy – Corriere FX Street 2 years German Retail Sales jump 0.9% MoM in Jan vs. +1% expected. German Retail Sales rise 1.8% YoY in Jan vs. +1.5% expected. According to the latest data reported by Germany’s Destatis on Wednesday, the country’s Retail Sales rebounded 0.9% MoM in January versus +1.0% expected and -3.3% last. On an annualized basis, the German Retail Sales rose 1.8% in January versus +0.8% seen in December and +1.5% 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.
