News & Analysis at your fingertips.

We use a range of cookies to give you the best possible browsing experience. By continuing to use this website, you agree to our use of cookies.
You can learn more about our cookie policy here, or by following the link at the bottom of any page on our site.

0

Notifications

Notifications below are based on filters which can be adjusted via Economic and Webinar Calendar pages.

Live Webinar

Live Webinar Events

0

Economic Calendar

Economic Calendar Events

0
Free Trading Guides
Subscribe
Please try again
EUR/USD
Bullish
Oil - US Crude
Bearish
Low
High
of clients are net long.
of clients are net short.
Long Short

Note: Low and High figures are for the trading day.

Data provided by
Wall Street
Mixed
Gold
Mixed
GBP/USD
Mixed
USD/JPY
Bullish
More View more
Real Time News
  • What's the difference between leading and lagging indicators? Find out from here: https://t.co/vGx8HCagF5 https://t.co/4DGXwA8vqs
  • Struggling to define key levels? Floor-Trader Pivots assist traders in identifying areas in a chart where price is likely to approach and can be used to set appropriate targets, while effectively managing risk. Learn how to use this indicator here: https://t.co/Ye4m1FMKUW https://t.co/mAMhWbV6Jy
  • Make smart trading decisions with your free guide to trade the news. Download your free guide here.https://t.co/pb5E2KgRzW #DailyFXGuides https://t.co/E9ZmJvqO0z
  • Currency exchange rates are impacted by several factors. Are different world leaders a contributing factor? Find out here: https://t.co/4jsORznRTE https://t.co/fqxw1AoKc1
  • Gold snapped a two-week losing streak but keeps price within the broader August downtrend. These are the levels that matter on the $XAUUSD weekly chart. Get your market update from @MBForex here: https://t.co/B3Jct6mIBD https://t.co/xTGIM2hRBv
  • $GBPUSD continues to move higher, despite Friday’s weakness, as vaccination hopes continue to fuel positive sentiment despite ongoing lockdown fears and downbeat UK data. Get your market update from @nickcawley1 here: https://t.co/S8UoHzOwFN https://t.co/qI6UZdggvM
  • Risk management is one of the most important aspects of successful trading, but is often overlooked. What are some basic principles or risk management? Find out from @PaulRobinsonFX here: https://t.co/IsnpfJhp91 https://t.co/6wxX6oQurn
  • Recessions can devastate the economy and disrupt the fortunes of individuals, businesses, and investors. But economic decline in the business cycle is inevitable, and your trading can be defined by how you respond to crisis. learn how to prepare here: https://t.co/e4CnobJCss https://t.co/w009tJEQZn
  • Looking for a new way to trade reversals? One of the most used reversal candle patterns is known as the Harami. Like most candlestick formation patterns, the Harami tells a story about sentiment in the market. Get better with trading reversals here: https://t.co/rfwUWJfbz9 https://t.co/2AeO1AdD2M
  • MACD who? The Moving Average Convergence Divergence (MACD) is a technical indicator which simply measures the relationship of exponential moving averages (EMA). Find out how you can incorporate MACD into your trading strategy here: https://t.co/ZNs4Qi8ieG https://t.co/INJz4NSugQ
Retail Sales Rebounded in March According to Advance Estimate

Retail Sales Rebounded in March According to Advance Estimate

Dylan Jusino,

Talking Points:

- Advance Retail Sales in March come in at 0.6% above the 0.45 estimate

- Core retail sales miss slightly at 0.3% versus 0.4% expected

- DXY has fallen lower following the release of the data

- See the DailyFX Economic Calendar for upcoming economic data and for a schedule of live coverage see the DailyFX Webinar Calendar.

Headline and Core Inflation Rise and Meet Expectations

This morning, the Census Bureau reported their advance estimate of US March Retail Sales. The Bureau expeced 0.6% increase in over the previous month, amounting to $494.6 billion. This came in slightly above market expectations at 0.4%. The advance estimate accounts for seasonal variation, holiday, and trading-day differences, but excludes prices changes. Total sales this year through March 2018 were up 4.1% from the same time last year. Core retail sales, excluding auto and gas

To reiterate, this only reflects an advance estimate. The Census Bureau is scheduled to release the advance April 2018 retail sales report on May 15, 2018. The revised adjust and not adjusted estimates for March is scheduled for release on May 25, 2018.

See our longer-term forecasts for the US Dollar, Euro, British Pound and more with the DailyFX Trading Guides

The U.S. Census Bureau conducts the Advance Monthly Retail Trade and Food Services Survey to provide an early estimate of monthly sales. These sales are categorized by the kind of business for retail and food services. Questionnaires are mailed to a sample of approximately 4,700 employerfirms. From these responses, tThe Census Bureau, computes the advance sales estimate.

You read more about the Census Bureau’s methodology in the Advance Sales report.

Below is a list of economic releases that has pushed the dollar lower:

- USD Retail Sales Advance (MoM) (MAR): 0.6% versus 0.4% expected, from -0.1% previous

- USD Retail Sales Ex Auto (MoM) (MAR): 0.2% as expected, from 0.2% previous

- USD Retail Sales Ex Auto and Gas (MAR): 0.3% versus 0.4% expected, from 0.3% previous

Chart 1: DXY Index 15-minute Chart (April 11 - 16 2018)

Retail Sales Rebounded in March According to Advance Estimate

Retail sales have put the dollar index under some pressure. Prior to the print DXY traded around 89.60 Since the release, it has dipped below 89.50.

--- Written by Dylan Jusino, DailyFX Research

DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.

DISCLOSURES