U.S PPI Up 0.3%, Retail Sales Up 0.2%, Michigan Consumer Sentiment Up 91.8, Sell USD On Recovery!

forex consumer
forex consumer

The U.S Producer Price Index (PPI) rose 0.3%, from -0.4% in the previous month, passing forecast of -0.1% in the last month….

Retail Sales fell 0.2%, from 0.1% in the previous month, the indicator was expected to rise to 0.3% in the last month…

Core Retail Sales rose 0.4%, from 0.1% in the previous month, passing forecast of 0.3% in the last month.

Finally, U.S Michigan Consumer Sentiment rose 91.8, from 91.3 in the previous month, missing forecast of 92.00 in the last month….

Market impact: This development may bring some recovery for the U.S dollar before the next fall, so selling the U.S dollar still recommended on rebound….

MARKET DATA

UPCOMING ECONOMIC EVENTS