Fundamental Analysis: U.S. Retail Sales
Traders of the US anticipate the publication of the Retail Sales this Friday. The Retail Sales is a monthly measurement of all goods sold by retailers based on a sampling of retail stores of different types and sizes in the US. It is an important indicator of consumer spending and also correlated to consumer confidence and considered as a pace indicator of the US economy.
A higher than expected reading should be taken as positive/bullish for the USD, while a lower than expected reading should be taken as negative/bearish for the USD.
Analysts predict a reading of -0.10% for US core retail sales.
