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Retail Sales (MoM) (US)

Retail Sales to Revive Again After Two Soft Months

Starts Tuesday, November 20, 2018 at 11:28
Updated Thursday, November 15, 2018
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US retail sales have been growing at a satisfying pace during May, June and July. But in August, retail sales slowed their growth as the report released in September showed. Retail sales were expected to have grown by 0.4% in August but they only grew by 0.1%, while core retail sales were expected at 0.5% but missed expectations and came at 0.1%. September was another soft month as sales only increased by 0.1%. Although, this month they are expected to increase by 0.6%.Please follow us for live coverage in real time of the event by experienced analysts. 

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About Retail Sales (MoM) (US)
Released by the U.S. Census Bureau, Retail Sales (MoM) is an aggregate measure of activity in the retail sector. It is calculated as a percentage change and made available to the public on a monthly basis.The Retail Sales report is widely viewed as a barometer of consumer confidence and spending. Higher than expected levels are interpreted as being positive for the U.S. economy and USD. A lagging or negative release is bearish toward the USD.
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Skerdian Meta Lead AnalystHezekiahLouis van der Merwe Recent comment authors
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Louis van der Merwe
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Louis van der Merwe

So the greenback is going to lose some ground?

Skerdian Meta Lead Analyst
Editor

The Buck lost around 15 pips on the headline number, but is reversing back up now since the control group was solid.

Hezekiah
Guest

If EU/USD will be volatile,does it mean that go Bulish or Bearish?

Skerdian Meta Lead Analyst
Editor

Volatile means there will be action, but it may be on both sides, such as the small jump in EUR/USD, which is now reversing back down.

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