Retail sales were flat month-on-month (m/m) in July – a notch below the consensus forecast (+0.1% m/m) – and decelerating from June’s reading, which was revised down to 0.8% m/m from 1.0% m/m reported earlier. Sales at autos & parts dealers dropped 1.6% m/m from June’s downwardly revised rate of 0.5% (+0.8% m/m, previously). Excluding […]
The post US: Retail Sales Lose Steam in July appeared first on Action Forex.
Daily Pivots: (S1) 1.3171; (P) 1.3271; (R1) 1.3323; More… Intraday bias in GBP/USD is turned neutral with current recovery and some consolidations would be seen. But risk will stay on the downside as long as Read more…
Daily Pivots: (S1) 159.23; (P) 159.49; (R1) 160.00; More… Intraday bias in USD/JPY is turned neutral with current retreat. On the upside, above 159.74 will target a retest of 161.94. Firm break there will confirm Read more…
Headline CPI inflation cooled in February to 1.8% year-on-year (y/y) slightly below consensus expectations. The GST/HST break ended partway through February 2025, which lead to large price increases in that month, but puts downward pressure Read more…