Sales decline sets a new record at -16.4%, after the March 8.3% drop. Equities and the dollar fall, Treasury yields unchanged, FXStreet’s analyst Joseph Trevisani reports. Key quotes “Retail sales sank 16.4% in April more than the -12.4% forecast and combined with the March 8.3% plunge, consumption has now dropped 24.7%. The control group category that reproduces the consumption component of GDP, fell 15.3% far more than the -4.6% forecast.” “Market reaction was relatively muted with the dollar down about 50 points against the euro and Treasury yields unchanged and Dow futures down 197 points.” “For an economy that is overwhelmingly dependent on consumption, these declines spell disaster unless they are rapidly and substantially reversed.” 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 Wall Street opens deep in red on dismal US data, China tensions FX Street 2 years Sales decline sets a new record at -16.4%, after the March 8.3% drop. Equities and the dollar fall, Treasury yields unchanged, FXStreet’s analyst Joseph Trevisani reports. Key quotes “Retail sales sank 16.4% in April more than the -12.4% forecast and combined with the March 8.3% plunge, consumption has now dropped 24.7%. The control group category that reproduces the consumption component of GDP, fell 15.3% far more than the -4.6% forecast.” “Market reaction was relatively muted with the dollar down about 50 points against the euro and Treasury yields unchanged and Dow futures down 197 points.” “For an economy that is… 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.
