US retail sales miss with 0.4%

The US released top-tier retail sales and CPI data for the month of April. These critical figures are closely watched for a recovery in Q2 after a very slow Q1[1].

Markets were tense and somewhat sleepy ahead of the publication. The US has been engulfed by a political storm this week. President Trump fired FBI Director Comey in a controversial decision[2] that could derail his agenda. However, markets shrugged off the event.

April 2017 retail sales and CPI data (updated)

  • Retail sales: previous -0.2%, expected +0.6%, actual:
  • Core retail sales: prev 0%, exp 0.5%, actual:
  • Retail control group: prev 0.6%, exp 0.4%, actual:
  • CPI m/m: prev –0.3%, exp +0.2%, actual:
  • Core CPI m/m: prev -0.1%, exp +0.2%, actual:
  • Core CPI: prev 2%, exp 2%, actual:
  • CPI y/y: prev 2.4%, exp 2.3%, actual:

We still have another important release later today: US consumer confidence, coming at 14:00 GMT. This will be a fresh number for the month of May.

Get the 5 most predictable currency pairs[3]

from Forex Crunch http://feedproxy.google.com/~r/ForexCrunch/~3/Za5-14nWcDc/

from Online Forex Trading Resource
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