US retail sales data

• Core retail sales index in the USA (m / m),  fact  0.6%,  forecast  0.4%.
• Retail sales in the US (m / m),  fact  0.5%, forecast  0.2%.

Retail sales increased significantly in the US in July, which is a very optimistic indicator for inflation, which may be a significant factor for raising rates in the US in the short term.

Fig. 1. Graph of retail sales in the US

At the same time, the overbought US dollar did not allow the market to play this news. As a result, the US dollar index is limited by overbought and waiting for correction, trading near the level of 96.80.

The US dollar index chart. The current price is 96.80 (10-year government bonds yield is a blue line)

Read also: “Eurozone and the state of its economy based on key economic indicators”

Hanzenko Anton

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

Topical articles of the trader’s blog:

1. Medium-term prospects for the US dollar for August-September
2. Emerging markets and their prospects: Chinese yuan (CNH or CNY)
3. Stock indices: the Japanese market

Current Investment ideas:

1. Preparing to have profits on an optimistic report of Alcoa Inc.!
2. On weak reporting of Boeing shares we can get a strong income!