US retail sales: Market mover for today – Danske Bank

US retail sales: Market mover for today – Danske Bank

FXStreet (Delhi) – Research Team at Danske Bank, expects the US retail sales is going to be the main market mover today.

Key Quotes

“We expect another solid increase in the core retail sales measure (ex autos, gasoline and building materials) of 0.3% m/m (in line with consensus) as consumption is getting a boost from lower gasoline prices and solid job growth.”

“Headline retail sales will be dragged down by falling gasoline sales (driven by lower prices) and we expect an increase of 0.1% m/m. The US also releases industrial production and Empire index today.”

Research Team at Danske Bank, expects the US retail sales is going to be the main market mover today.

(Market News Provided by FXstreet)