Headline retail sales miss with a rise of only 0.6% but core retail sales provide a bigger shortfall with 0.2%. The control group falls short with 0.2% and here, the revision is to the downside. The ex gas/autos figure is flat. PPI data is basically as expected. Despite the weak data, the US is bouncing from the lows. The greenback slid ahead of the publication, and perhaps markets think that it could have been worse. EUR/USD trades at 1.0630, GBP/USD at 1.1250 and USD/JPY is up to 114.80. Among commodity currencies, USD/CAD trades around 1.3150, AUD/USD at 0.7480 and NZD/USD around 0.7110. US retail sales were expected to rise by 0.5% in December after advancing by 0.1% in November. Core sales carried expectations of rising by 0.5% as well, after increasing by 0.2% previously. The US dollar got a big blow from Donald Trump. The President-Elect, set to take office in one week, did not mention fiscal stimulus, taking the air out of the recent dollar rally. However, he did take his time with bashing various companies. US retail sales and PPI data (updated) Retail sales: previous: 0.1%, expected 0.7%, actual: 0.6% Core retail sales: prev. +0.2%, exp. +0.5%, actual: 0.2% Retail control group: prev. +0.1%, exp. +0.4%, actual: 0.2% Retail ex gas/autos: prev. +0.2%, actual: 0% PPI m/m: prev. +0.4%, exp. +0.3%, actual: 0.3% Core PPI m/m: prev. +0.4%, exp. +0.1%, actual: 0.2% PPI y/y: prev. 1.3%, exp. 1.6%, actual: 1.6% Core PPI y/y: prev. 1.6%, exp. 1.5%, actual: 1.6% The final word of the day belongs to the consumer sentiment release by the University of Michigan and Reuters. See how to trade the consumer sentiment with EUR/USD 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 US consumer confidence at 98.1 – a small miss, but Yohay Elam 6 years Headline retail sales miss with a rise of only 0.6% but core retail sales provide a bigger shortfall with 0.2%. The control group falls short with 0.2% and here, the revision is to the downside. The ex gas/autos figure is flat. PPI data is basically as expected. Despite the weak data, the US is bouncing from the lows. The greenback slid ahead of the publication, and perhaps markets think that it could have been worse. EUR/USD trades at 1.0630, GBP/USD at 1.1250 and USD/JPY is up to 114.80. Among commodity currencies, USD/CAD trades around 1.3150, AUD/USD at 0.7480 and NZD/USD… 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.
