US Retail Sales

US Retail Sales

The Commerce Department will release retail sales data for December at 20:30 on Thursday, where investors will look for further signals about the strength of American consumers.

The consensus estimate is that the report will show retail sales rose 0.1%, after a 0.2% increase in November. Excluding the automotive sector, sales are expected to post a flat reading.

Rising retail sales over time correlate with stronger economic growth, while weaker sales signal a declining economy. Consumer spending accounts for as much as 70% of US economic growth.

Also on this week's economic calendar will be the amount of producer price inflation, the initial reading on Michigan consumer sentiment, as well as the latest JOLTS report.


Linkback: https://www.forex.zone/fundamental/12/us-retail-sales/1385/

any forecast for this news sir. it might be helpfuk to read the forecast also, thanks for sharing

seems to be careful when the US index will re-strengthen.Look At US Index and you can predict USD Move

US Retail Sales

The Commerce Department will release retail sales data for December at 20:30 on Thursday, where investors will look for further signals about the strength of American consumers.

The consensus estimate is that the report will show retail sales rose 0.1%, after a 0.2% increase in November. Excluding the automotive sector, sales are expected to post a flat reading.

Rising retail sales over time correlate with stronger economic growth, while weaker sales signal a declining economy. Consumer spending accounts for as much as 70% of US economic growth.

Also on this week's economic calendar will be the amount of producer price inflation, the initial reading on Michigan consumer sentiment, as well as the latest JOLTS report.

 thank you for sharing. what is this fundamental news. will usd strengthen or decline?

Oil States International (OIS) is a small energy service company, focused on pure, playful technology that is currently priced cheaply due to a decline in oil prices in the fourth quarter of 2018 and a decline due to drilling (mainly Permian) due to budget planning for 2019 is being completed.

From the company's report in February 2019, the company has taken its 2018 fourth quarter lumps, absorbed two new acquisitions and moved forward

With oil prices rising by $ 10 / barrel or more since December, US oil exports have become a growing reality, and with its own production technology, Oil States is in the right position to help US companies produce more oil and natural gas on land and offshore

i see, thanks for the advice sir, america market almost open and i will try to be careful too, it looks like usd will be strong too

your welcome...fundamental and technical styles embraced the expertise of each trader and if necessary combine them

any forecast for this news sir. it might be helpfuk to read the forecast also, thanks for shar

Too bad this news has been missed and I just read your comment this morning sir

USD is one of the main currencies for trading in foreign exchange, when I jump in forex the price of $ 1 = 8300 IDR, until now the price of $ 1 reaches 14,300 IDR.
the dollar's economic increase was very significant.

WHITE BUILDING IS CHINESE DOUBT OF TRUMP ATTITUDES ON TRADE AGREEMENTS

Tuesday, March 12 2019

The White House denies China's assumption that President Donald Trump is an unreliable negotiator because China reportedly doubts the plan of Trump's summit with President Xi Jinping for fear that Trump will abandon a trade agreement.

China's statement refers to the failure of the US and North Korea to reach a peace agreement when both met in Vietnam. Though the world hopes the two of them reach an agreement to end North Korea's nuclear test.

Washington and Beijing are still in negotiations and no date has been set for the summit, White House spokeswoman Sarah Sanders told reporters.

The two leaders are expected to meet at the Trump Mar-a-Lago property in Florida at the end of March to complete a trade agreement that will end months of trade war. But US officials say there is still a lot of work to be done.

The White House demands that China carry out structural reforms, including how it treats U.S. intellectual property. and force U.S. companies to share the technology when doing business in China.

These difficult points are difficult to overcome, despite progress on other issues, including currencies.

Sanders scoffs at reports that China is wary of a summit after Trump did not make a peace agreement with North Korean leader Kim Jong Un during a summit in Vietnam.

Asked about concerns China reported that Trump was an unreliable negotiating partner, Sanders said: "I would say that makes no sense. The president will make a deal if it is a good agreement. He will make an agreement if it is in the best interests of America. . "

Finance Minister Steve Mnuchin said at a meeting between Trump, his trading team and Chinese negotiators who visited last month that a summit with Xi could take place in March.

But the market was hesitant because there was no recent development of direct trade talks between the two sides that had been announced since Trump's decision to delay the increase in US tariffs on Chinese goods, thanks to productive negotiations so far.