US Evades Default This Time
Greetings to a brand new week full of events, economic releases and US debt frictions. We are here to tell you everything you need to know!
What to expect from Monthly Retail Sales data?
What to expect from Monthly Retail Sales data?
The United States will release MoM Retail Sales data on September 16, 15:30 GMT+3.
What will happen?
The United States will release MoM Retail Sales data on September 16, 15:30 GMT+3. The measurement of retail sales tracks consumer demand for finished goods by measuring the purchases of durable and non-durable goods over a defined period. Data on retail sales is compiled once a month by the U.S. Bureau of the Census and includes sales from all foodservice and retail stores.
Why is it important?
Traders keep a close watch on retail sales data as the primary gauge of consumer spending, which accounts for the majority of overall economic activity. This is the earliest and broadest look at vital consumer spending data. Last month a decline in auto purchases and a resurgence in COVID-19 cases resulted in worse than expected Core and “Usual” retail sales data (-0.4% vs 0.2% and -1.1% vs. -0.2% accordingly). Nevertheless, on August 17, relatively bad retail sales data resulted in USD growth. This unusual growth happened because later those days Fed’s Chair Powell has been speaking, and markets anticipated tapering news.
How to trade Retail Sales data?
The results will have an impact on all USD pairs.
- If it turns out to be higher than expected, the USD will rise.
- Otherwise, USD will fall.
Check the economic calendar
Instruments to trade: USD/JPY, USD/CAD, USD/CHF, EUR/USD.
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