retail sales

Forex Trading News: UK Retail Sales

Mr. Danish FX — Thu, 20 Nov 2008 04:32:54 -0500

The UK Retail Sales came out better than expected at -0.1% from the previous -0.4%. This was forecast for a drop to -0.9%.

The GBP got a nice boost after this data.

Also the M4 Money Supply rose to 2.3% from the previously revised 1.5% as Public Sector Net Borrowing dropped to 1.4B from 8.1B previous.

Forex Trading News: CHF Retail Sales Released

Mr. Danish FX — Tue, 18 Nov 2008 03:20:33 -0500

The CHF Retail Sales came out much higher than forecast at 6.4% from the previous 0%. No change was forecast.

Despite coming out much higher than expected, the CHF did not get bid.

Forex Trading News: UK Retail Sales Released Better Than Forecast

Mr. Danish FX — Thu, 23 Oct 2008 04:31:46 -0400

The UK Retail Sales number came out better than expected at -0.4% from the previous 1.2%. This was forecast for a drop to -0.8%.

This data did not move the GBP initially.

Forex Trading: Retail Sales weaker, Empire State weaker, PPI as expected

Greg Michalowski — Wed, 15 Oct 2008 08:38:02 -0400

The Retail Sales fell by 1.2% and by 0.6% ex Auto.
Ex Gas -1.3%

Ex Building Materials, Gas and Auto Dealer which is the number used in calculating GDP (the other values are gotten from other sources), the MoM change came in at -0.7% for September. In the second quarter, June was up 0.4%, July was up 0.1% and August was down 0.4%. The current quarter is off to a horrible start.

Motor vehicles, parts     -3.8%
Furniture                   -2.3%
Electronics                    -1.5%
Building materials         -0.6%
Food, beverages           -0.5%
Health, personal care      0.4%
Gasoline stations           0.1%
Clothing                     -2.3%
Sporting goods             -1.1%
General merchandise     -0.4%
Department Stores        -1.5%

Empire Manufacturing came in down 24.6. This is the worst on record (going back to 2001).

Forex Trading News: EUROZONE Retail Sales Released Above Expectations

Mr. Danish FX — Fri, 03 Oct 2008 05:01:26 -0400

The EUROZONE Retail Sales number came out at 0.3% from the previous -0.4%. This was forecast for a rise to 0.1%.

The EUR did not react to this better than expected data.

Forex Trading News: German Retail Sales Released

Mr. Danish FX — Wed, 01 Oct 2008 02:01:30 -0400

The German Retail Sales number came out at 3.1% from the previously revised -1.0. This was forecast for a rise to 0.5%.

The EUR made very subtle gains across the board after this better than expected data.

Forex Week In Review: Dollar ends the week on a sour note as weak Retail Sales and weekend worries dominate

Greg Michalowski — Sat, 13 Sep 2008 18:36:20 -0400

FOR THE PDF VERSION GO THE BOTTOM AND CLICK ON THE ATTACHMENT

The dollar had a good week/bad week feeling. It rallied on the Freddie Mac/Fannie Mae rescue plan announced over the weekend. This led to the compression of the 30 year mortgage rates as they moved back down closer to the yield on Treasuries.

Later on Wednesday night the US dollar got another boost when the Reserve Bank of New Zealand cut rates by a surprising 50 basis points, and continued on Thursday, even when the weekly Jobless Claims data continued to show employment weakness.

Forex News: Retail Sales weaker. CPI weaker as well.

Greg Michalowski — Fri, 12 Sep 2008 08:34:12 -0400

Retail Sales -0.3% vs +0.2% expected
Ex Autoe -0.7% vs -0.2% expected

Higher unemployment, lower gas and housing to blame. Excluding gasoline purchases were unchanged. Department store sales fell by 1.5%. Internet sales were down 2.3%. Autos were up 2.0%. Electronic stores down 1.3%. Gasoline sales down 2.5% as price and demand soften.

Excluding gas, building materials and autos which is the value used in GDP, sales fell by 0.2%. This was the lowest in 2008. Note that the government uses data from other sources to calculate these three omitted pieces.

PPI -0.9% vs -0.5% expected
Core PPI _0.2% vs +0.2% expected
YoY 9.6% vs 10.2%

YoY ex food and energy rose 3.6%

US Retail Sales to expected to show modest gains due to autos. Price of oil effects a wildcard.

Greg Michalowski — Fri, 12 Sep 2008 07:39:33 -0400

Forex Trading News: EURZONE Retail Sales Released

Mr. Danish FX — Wed, 03 Sep 2008 05:03:26 -0400

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.