US retail sales data

• Core Retail Sales (MoM) (September), fact -0.1%, forecast 0.4%.
• NY Empire State Manufacturing Activity Index (Oct), fact 21.10, forecast 20.40.
• Retail sales (m / m) (September), fact 0.1%, the forecast 0.7%.

Retail sales report in the US in September was very negative. Sales for the second consecutive month remained at the same low level, showing limited growth. Core  retail sales index in the United States show a decrease, dropping to the minimum value of the current year.

The US Core retail sales chart 

The US dollar index reacted to the weak statistics with a moderate decline  due to the already oversold US dollar, which is limited to psychological support of 95.00. It is worth noting that a positive start on US stock indices may support the American dollar, but the upward dynamics of the dollar will be limited to weak US sales data. Support levels: 95.00 and 94.80, resistance 95.30-40.

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Hanzenko Anton

Earn with the help of the trade service on the news Erste News!

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