The US is set to release Retail Sales data today at 12:30 GMT. Sales are forecast to post the largest monthly drop on record, FXStreet’s analyst Joseph Trevisani reports. Key quotes “Monthly retail sales are expected to decline by 8% and purchases excluding automobiles to drop 4.8%. The range of estimates in the Reuters survey is from -24% to -0.9%.” “Currency markets are not so inured to this catastrophe that a worse than forecast retail sales for March, implying even greater collapses in the months ahead and by extension to the rest of the world, will not bring back the dollar safety trade.” “If the reliably free-spending consumer sector in the United States has faltered there may yet be much more to worry about.” 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 Fed’s Daly: Recovery path out of the coronavirus crisis is unlikely to be a swift one FX Street 2 years The US is set to release Retail Sales data today at 12:30 GMT. Sales are forecast to post the largest monthly drop on record, FXStreet’s analyst Joseph Trevisani reports. Key quotes “Monthly retail sales are expected to decline by 8% and purchases excluding automobiles to drop 4.8%. The range of estimates in the Reuters survey is from -24% to -0.9%.” “Currency markets are not so inured to this catastrophe that a worse than forecast retail sales for March, implying even greater collapses in the months ahead and by extension to the rest of the world, will not bring back the… 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.
