U.S. Retail Sales Data

• Core retail sales index (m/m) (Aug), fact 0.0%, forecast 0.1%.
• Export Price Index (m/m) (Aug), fact -0.6%, forecast -0.2%.
• Import Price Index (m/m) (Aug), fact -0.5%, forecast -0.4%.
• Retail sales (m/m) (Aug), fact 0.4%, forecast 0.2%.

Data on the US retail sales for August turned out to be mixed.

• Thus, the core retail sales index slowed to zero, showing a sharp decline after no less than a sharp increase a month earlier.
• The volume of retail sales in the United States grew, maintaining a very positive trend.

As a result, we can consider retail sales data to be restrained positive.

Fig. 1. U.S. Retail Sales Chart

The US dollar index returned to growth, having rebounded from the support level of 98.00 against the background of the general oversold of the US dollar and the cautiously positive data on the US retail sales. This can serve as a signal for the resumption of growth and the formation of a full-scale correction to the resistance levels: 98.30 and 98.50.

Fig. 2.The US dollar index chart. Current price – 98.20 (10-year US government bonds yield – blue line)

Read also: “U.S. and E.U. Trade War”

Hanzenko Anton

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