retail sales

The EUROZONE Retail Sales comes out at -0.4 from the previous -0.6%.  This was forecast for no change at 0.0%.

The EUR softened up after this data as this number was below forecast and the Revised GDP number was on par with expectation.   

The German Retail Sales number came out at -1.5% from the previous -1.4%.  This was forecast for a rise to -0.1%.

The EUR softened up slightly across the board after this worse than expected data.   

The CHF Retail Sales comes out at 0.7% from the previous 7.4%.  A drop to 3.2% was forecast for this release. 

The CHF was losing ground to the USD and EUR going into this data.  The currency was dragged down slightly after this worse than forecast data, about 5-10 PIPS vs. its counters.  

The EUROZONE Retail Sales data comes out at -0.6% as forecast from the previously revised 1.1%.

The EUR did not react much to this release.   

The German Retail Sales data came out at -1.4% from the previous 0.5%. This was forecast at -0.5%.

Not much change in the EUR across the board as it seems that traders are waiting for the US Employment data later in the day.

The UK Retail Sales comes out at -3.9% from the previous 3.5%. This was forecast for a drop to -2.5%.

This lowest reading of the series of data (since 1986) brought the GBP down to session lows across the board. This added on to the already significant losses for the GBP overnight thus far, as the EUR drops to session lows as well behind this data.

The Retail Sales data came out at 7.4% from the previous -9.4%.  This was forecast for a gain to 3.8%. 

The CHF was able to make gains across the board after this significantly better than forecast release.   

The Retail Sales data comes out at 1.2% from the previously revised -0.7%. This was forecast for a fall to 0.4%.

Again, the EUR did not get moved after this better than forecast release. The next data will be the ECB's Interest Rate decision which should move the EUR around across the board.