The story repeats itself over and over again: retail sales rise only +0.1% in October and last month was flat after the downwards revision. Core sales are up only 0.2% with a downwards revision. The control group is up only 0.2% with a slight upwards revision and ex autos up only +0.3%. Small misses all around, with producer prices falling short of expectations as well. The US dollar is weaker after the publication but certainly not falling apart. It seems that the yen and the pound are the biggest winners but nothing is huge. US retail sales were expected to rise 0.3% m/m in October after a poor +0.1% in September. Core sales carried expectations for a rise of 0.4% after -0.3%, the control group for +0.4% after -0.1% and the figure excluding gas and autos was expected to rise +0.4% after 0%. Revisions are quite normal here. Towards the release, the US dollar was stable. More: EUR/USD shows us it’s vulnerable Data misses on all fronts PPI m/m -0.4% vs. +0.2% exp. Core PPI m/m -0.3% vs. +0.1% exp. PPI y/y -1.6% vs. -1.2% exp. Core PPI -0.1% vs. +0.5% exp. Retail sales +0.1% vs. +0.3% exp. Core retail sales +0.2% vs. +0.4% exp. Retail control group +0.2% vs +0.4% exp. Retail ex gas/autos +0.3% vs. +0.4% exp. Currency reaction EUR/USD traded around 1.0760 after the slightly disappointing GDP figures. The pair rises to 2.0784 afterwards. GBP/USD was around 1.5220, relatively upbeat and 1.5260 afterwards. USD/JPY was sliding around 122.70 and down to 122.56. USD/CAD flirted with the 1.33 line amid falling oil prices and slips to 1.3290. AUD/USD traded around 0.7130, still enjoying the upbeat jobs report in Australia. and stays around 0.7140 NZD/USD was around 0.6530 and ticks higher to 0.6537. All in all, the rise in the dollar is minimal, with majors gaining more than commodity currencies. More: Fed speakers leaning towards a hike In our latest podcast we explain how to trade the euro printing machine: Follow us on Sticher or on iTunes Yohay Elam Yohay Elam Yohay Elam: Founder, Writer and Editor I have been into forex trading for over 5 years, and I share the experience that I have and the knowledge that I've accumulated. After taking a short course about forex. Like many forex traders, I've earned a significant share of my knowledge the hard way. Macroeconomics, the impact of news on the ever-moving currency markets and trading psychology have always fascinated me. Before founding Forex Crunch, I've worked as a programmer in various hi-tech companies. I have a B. Sc. in Computer Science from Ben Gurion University. Given this background, forex software has a relatively bigger share in the posts. Yohay's Google Profile View All Post By Yohay Elam Forex News Today: Daily Trading News share Read Next EUR/USD shows us it’s vulnerable Yohay Elam 7 years The story repeats itself over and over again: retail sales rise only +0.1% in October and last month was flat after the downwards revision. Core sales are up only 0.2% with a downwards revision. The control group is up only 0.2% with a slight upwards revision and ex autos up only +0.3%. Small misses all around, with producer prices falling short of expectations as well. The US dollar is weaker after the publication but certainly not falling apart. It seems that the yen and the pound are the biggest winners but nothing is huge. US retail sales were expected to… 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.
