vendredi 10 avril 2015
US Retail Sales Expected to Thaw After Warmer Weather
Posted on 09:37 by nice news
The U.S. Retail Sales remains one of the thorns in the side of full economic growth. With an impressive job recovery and the lower price of oil putting more income into consumer’s pocket it has been an unexpected surprise that they are not spending. Last month the -0.1% figure of the Core retail sales and the -0.6% have raised questions about how even the recovery has been. The lower purchases in March marked the third consecutive decline. Consumer confidence remains high, but the fact of the matter is that consumers are not spending. Cold weather is partly to blame but that should start being much of a factor as spring sets in the U.S. The warmer weather is expected to influence the data released on Tuesday, April 14 at 8:30 am EDT with a forecasted improvement of 0.7% on the core reading (excluding auto) and 1.1% for the headline retail sales figure.
The EUR/USD has depreciated as rate divergence drives the EUR lower versus the USD. The effects of the disappointing NFP released on Good Friday started being discounted as the USD was boosted by Fed member comments about the possibility of a benchmark interest rate June hike still being on the table. Elections in the United Kingdom and the Greece debt repayment will continue to affect prices as they are ongoing events to consider.
The EUR/USD has depreciated as rate divergence drives the EUR lower versus the USD. The effects of the disappointing NFP released on Good Friday started being discounted as the USD was boosted by Fed member comments about the possibility of a benchmark interest rate June hike still being on the table. Elections in the United Kingdom and the Greece debt repayment will continue to affect prices as they are ongoing events to consider.
US Retail Sales Expected to Thaw After Warmer Weather
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