Core Retail Sales Up 1.0% , Retail Sales Up 1.2% , USD Recovers !

forex consumer
forex consumer

U.S Core Retail Sales rose from 0.1% to 1.0% in the previous month, analysts had expected it to rise to 0.7% last month.

In the same time , U.S Retail Sales rose to 1.2%, from 0.2% in the previous month,  U.S Retail Sales was expected to rise to 1.1% last month.

This development should boost the US dollar. USDINDEX :  rebound from 94.30 still in progress and could extend higher towards the 96.57 levels.

EURUSD under heavy pressure , the pair has been rising with low momentum for a few days. On the daily time frame, large reversal  in sight, eyes on 1.0928 levels in the upcoming days..

U_S Retail Sales)2

U_S Retail Sales