The volume of US retail sales during September rose by 1.1%, exceeding expectations for a rise of 0.7%. Core sales were in line with the rise in the headline figure, and printed a gain of 1.1% instead of 0.6% that was predicted. The US economy is consumer based, making this figure even more important than in other countries. Is the US economy really improving? This figure could contribute to a tighter monetary policy from the Fed when Operation Twist ends at the end of the year. In addition, figures for August were revised to the upside: the headline number was revised from +0.9% to +1.2% and the core number was revised from 0.6% to 1.1%. So, the total volume is even bigger. This news pushed USD/JPY a bit higher, but the pair finds it hard to cross the 78.80 line at the time. EUR/USD slid back under the 1.2960 line. The positive number adds to the good Non-Farm Payrolls report and shows that the US could continue growing slowly for more time. However, not all the numbers released today were positive: the Empire State Manufacturing Index rose to -6.2 points, but remained in negative ground. This was also less than the -4.5 points that was expected. Further reading: The dollar in the QE-Infinity Era 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 Forex Hedging Strategies to Protect Investments Guest 10 years The volume of US retail sales during September rose by 1.1%, exceeding expectations for a rise of 0.7%. Core sales were in line with the rise in the headline figure, and printed a gain of 1.1% instead of 0.6% that was predicted. The US economy is consumer based, making this figure even more important than in other countries. Is the US economy really improving? This figure could contribute to a tighter monetary policy from the Fed when Operation Twist ends at the end of the year. In addition, figures for August were revised to the upside: the headline number was… 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.