U.S. retail sales(Nov) rise 0.7%, core sales up 0.5%, jobless claims fall to 294K , USD rises again!

Forex-6598989

The US retail sale rose to 0.7% vs expectations 0.4% , core retail sales rose to 0.5% vs expectations 0.1% . Rising retail sales over time correlate with strong economic growth , that’s an early sign for further gains in the US economy.

The number of individuals filing for initial jobless benefits in the week of December 6 decreased by 3,000 to decline the previous week’s total of 297,000.to 294.000.

EURUSD was trading at the 1.2436 levels ahead of the data release , declined below 1.2400 levels , now testing main support 1.2365 levels. GBPUSD was trading at 1.5690 levels , made a small decline to 1.5663 levels . USDJPY jumped from 118.39 level , keeps rising at the moment towards 119.40 levels.

USDINDEX : according to 30 min time frame , the pair jumped from 88.32 levels towards the  88.56 levels , at the moment , as long as support 88.56 holds , further upside is likely towards the 88.75 levels , a halt is likely , but a break would open 89.00 next , more gains will aim the 89.20/89/40 levels. On the downside , a clear break below 88.56 would delay the bullish move fore retesting the 88.32 levels before the next possible rise…

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MARKET DATA

UPCOMING ECONOMIC EVENTS