U.S Personal Spending Below Forecast 0.3% , Goods Trade Balance Up -59.1B , Buy USD On Dips !

forex pmi min
forex pmi min

Personal Spending measures the change in the inflation-adjusted value of all spending by consumers. Consumer spending accounts for a majority of overall economic activity. However, this report tends to have a mild impact, as government data on retail sales is released about two weeks earlier.

The U.S Personal Spending remains unchanged as previous month 0.3%, missing forecasts of 0.4%

In the same time , U.S Goods Trade Balance rose -59.1 B , from -62.3B in the previous month.

Market Impact: This development may bring a corrective pullback for USD, which should be an opportunity to buy the USD on dips!