The US Retail Sales Update

The US Retail Sales Update

What will happen?

The US Census Bureau will announce Core Retail Sales and Retail Sales on Tuesday, May 17 at 15:30 MT. This monthly release shows the change in the total value of sales at the retail level. The core result excludes automobiles because they make 20% of all retail sales and tend to be very volatile. Retail sales are the main indicator of consumer spending, which accounts for the majority of overall economic activity.

Possible USD moves

The retail sales rose significantly in March due to the record high gas prices, and the experts don’t expect any decrease soon. At the same time, soaring prices reduce consumer purchasing power, but rising wages are helping to cushion some of the blow. Lower gasoline prices and a stronger labor market have seen consumer sentiment recover from a ten-year low in early April.

Last month, on April 14, the numbers were mild: retail sales were 0.5% vs 0.6% expected. However, the Core Retail sales were slightly better than expected, 1.1% vs. 1.0%. The results did not provoke strong fluctuations, but there was a little jump right after the release. Let’s look at the USDCAD pair chart.

1.png

If you traded 1 lot, you could have earned $993.50.

How to trade on the US Retail Sales release?

This report is important for traders as it affects the US dollar – the most traded currency in the Forex market!

  • If the indicators are greater than forecasted, the USD will rise.
  • Alternatively, the USD will drop.

Check the Economic Calendar.

Similar

US PCE May Soar Soon
US PCE May Soar Soon

The United States Bureau of Economic Analysis will release monthly Personal Consumption Expenditures (PCE) on June 30, 15:30 GMT+3.

Will Fed Chair Powell Move the USD?
Will Fed Chair Powell Move the USD?

The Fed Chair Jerome Powell will testify on the Semi-Annual Monetary Policy Report before the House Financial Services Committee on June 22-23 at 17:00 GMT+3.

Latest news

What Are FOMC Insights?
What Are FOMC Insights?

The Federal Open Market Committee, a committee within the Federal Reserve, will reveal a detailed record of the central bank’s last meeting on July 6 at 21:00 MT.

Will Australian Cash Rate Change?
Will Australian Cash Rate Change?

The Reserve Bank of Australia will announce its cash rate and make a statement about future rate policy on Tuesday, July 5, at 07:30 MT.

Deposit with your local payment systems

Be on top of your game

Data collection notice

FBS maintains a record of your data to run this website. By pressing the “Accept” button, you agree to our Privacy policy.

Callback

A manager will call you shortly.

Change number

Your request is accepted.

A manager will call you shortly.

Next callback request for this phone number
will be available in

If you have an urgent issue please contact us via
Live chat

Internal error. Please try again later

Don’t waste your time – keep track of how NFP affects the US dollar and profit!

Beginner Forex book

Beginner Forex book will guide you through the world of trading.

Beginner Forex book

The most important things to start trading
Enter your e-mail, and we will send you a free Beginner Forex book

Thank you!

We've emailed a special link to your e-mail.
Click the link to confirm your address and get Beginner Forex book for free.

You are using an older version of your browser.

Update it to the latest version or try another one for a safer, more comfortable and productive trading experience.

Safari Chrome Firefox Opera