US retail sales dropped by 0.2% and core sales by 0.4%. This is lower than expectations. Retail sales were expected to dip by 0.1% after a rise of the same scale last month, now revised down to -0.2%. Core sales were expected to rise by 0.1%. Last month saw a dip of 0.3% (revised down from -0.1%). This continues the series of mostly disappointing numbers from the US. However, it doesn’t seem sufficient to push the Fed into action regarding QE3. The producer price index took a dive of 1%, thanks to oil prices. Core CCPI rose by 0.2%. PPI carried expectations for a significant drop of 0.6%, while core producer prices were expected to copy last month’s rise of 0.2%. EUR/USD was trying to break above 1.2540 earlier, but without success. Tension towards the Greek elections is somewhat paralyzing the markets after the Spanish roller coaster. USD/JPY slid lower within a limited range and fell under 79.60. For more on the euro, see the EUR/USD forecast. 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 OANDA on course for Billionth Transaction Yohay Elam 11 years US retail sales dropped by 0.2% and core sales by 0.4%. This is lower than expectations. Retail sales were expected to dip by 0.1% after a rise of the same scale last month, now revised down to -0.2%. Core sales were expected to rise by 0.1%. Last month saw a dip of 0.3% (revised down from -0.1%). This continues the series of mostly disappointing numbers from the US. However, it doesn't seem sufficient to push the Fed into action regarding QE3. The producer price index took a dive of 1%, thanks to oil prices. Core CCPI rose by 0.2%. PPI… 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.
