Nick Kounis, head of financial markets research at ABN AMRO, points out that the US retail sales rebounded strongly in March, unwinding the weakness seen at the turn of the year, with overall sales surging by 1.6% mom in March, following a 0.2% decline in February. Key Quotes “Underlying trends look to be improving as well, with Q1 ex-autos & gas sales up by an annualised 2.7%, after being flat in Q4. Consumer fundamentals still look good. US aggregate real wages are running at rates of 3.5-4%, while consumer confidence is also at elevated levels.” “While employment growth will slow and the impact of higher interest rates still has to fully come through, we judge that consumer spending will be relatively resilient, which should limit the slowdown in the overall economy to around trend rates.” 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 China: India or Africa will not be able to take over – Natixis FX Street 4 years Nick Kounis, head of financial markets research at ABN AMRO, points out that the US retail sales rebounded strongly in March, unwinding the weakness seen at the turn of the year, with overall sales surging by 1.6% mom in March, following a 0.2% decline in February. Key Quotes "Underlying trends look to be improving as well, with Q1 ex-autos & gas sales up by an annualised 2.7%, after being flat in Q4. Consumer fundamentals still look good. US aggregate real wages are running at rates of 3.5-4%, while consumer confidence is also at elevated levels." "While employment growth will slow… 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.
