Analysts at Westpac offer their review on the US economic data released last Friday. Key Quotes: “US Oct retail sales were relatively solid and close to estimates. Headline sales rose +0.3%m/m (est. +0.2%m/m). Although sales ex-auto and gas missed at +0.1%m/m (est. +0.3%m/m), the important control group met expectations at +0.3%m/m, albeit with a slight downward revision to Sep. US Oct industrial production headline fell -0.8%m/m (vs est. -0.4%m/m) as the impact of the General Motors strike (the longest since 1970) added to trade tensions. However, the GM impact will unwind in coming months and the manufacturing side was slightly less negative than expected at -0.6%m/m (est. -0.7%m/m). The NY Fed’s Empire State manufacturing survey, which has been decidedly volatile earlier this year, was only slightly lower in Nov (est. 6, prior 4). On the positive side, new orders and employment were a touch firmer.” 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 Leveraged funds reverted to selling USD, asset manager turned buyers after five straight weeks – ANZ FX Street 3 years Analysts at Westpac offer their review on the US economic data released last Friday. Key Quotes: "US Oct retail sales were relatively solid and close to estimates. Headline sales rose +0.3%m/m (est. +0.2%m/m). Although sales ex-auto and gas missed at +0.1%m/m (est. +0.3%m/m), the important control group met expectations at +0.3%m/m, albeit with a slight downward revision to Sep. US Oct industrial production headline fell -0.8%m/m (vs est. -0.4%m/m) as the impact of the General Motors strike (the longest since 1970) added to trade tensions. However, the GM impact will unwind in coming months and the manufacturing side was slightly… 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.
