The US consumer is back in October: headline retail sales rise by 0.3%, a bit better than expected. Core sales, which exclude autos, we also have a rise of 0.3%. Last month’s core number was revised up to flat from a drop of 0.2%. Retail sales ex-gasoline ex autos are +0.6%. Also import prices came out better than expected with a fall of 1.3% instead of 1.7% predicted. The US dollar is extending earlier gains: EUR/USD is sliding towards 1.24, GBP/USD is trading down to 1.5620 and USD/JPY is at 116.75. AUD/USD is down to the 0.8660 line and NZD/USD holds on to support at 0.7830. Consumption is key to the US economy, and we get a nice rise in sales before the holiday season. USD/CAD stands out by remaining stable at 1.1375. This is due to a simultaneous release of Canadian manufacturing sales. They came out at +2.1%, better than 1.3% expected. A minor downside revision didn’t bother the loonie, which is gaining against all currencies except the greenback. Last month’s disappointment triggered the big dollar correction. Will this stronger showing, which is slightly better than expected but not a huge beat, provide the next leg up for the greenback across the board? US retail sales were expected to rise by 0.2% after sliding by 0.3% in September. Core sales also carried expectations for rising by 0.2%. The dollar was stronger towards the release. We later have another consumer related figure: confidence. See how to trade the consumer sentiment number with EURUSD. 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 Oil On Slippery Slope Karl Schamotta 7 years The US consumer is back in October: headline retail sales rise by 0.3%, a bit better than expected. Core sales, which exclude autos, we also have a rise of 0.3%. Last month's core number was revised up to flat from a drop of 0.2%. Retail sales ex-gasoline ex autos are +0.6%. Also import prices came out better than expected with a fall of 1.3% instead of 1.7% predicted. The US dollar is extending earlier gains: EUR/USD is sliding towards 1.24, GBP/USD is trading down to 1.5620 and USD/JPY is at 116.75. AUD/USD is down to the 0.8660 line and NZD/USD… Top 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.
