Market Brief October 30th: German Retail Sales due

30 October, 2017 - 05:48AM


JPY, 00:50 GMT + 1, Retail Sales (YoY) (Sep)- a curicial indicator of consumer spending measuring the change in the inflation-adjusted total value of sales at the retail level. Expectations on a year over year basis point to an increase at 2.5% for September compared to 1.7% the same time last year. If the actual reading beats expectations, this should strengthen the Japanese yen. However, if the reading is weaker than projections, this should be read as a bearish sign for the currency.


EUR, 08:00 a.m. GMT +1, German Retail Sales (MoM) (Sep) – the main driver of the EU economy is due to react to retail sales news. Expectations for the month of Septermber are for an increased perfromance at 0.7% compared to -0.4% for the month of August. If the news is better than expected, this should boost the value of the euro. The oppoiste holds true as well. If the reading is considerably lower than projections, this should be read as a bearish factor for the price of the currency.

United States

USD 13:30 p.m. GMT +1 Personal Spending (MoM) (Sep)- the index is a foremost indicator measurign the change in overall spenidng by cosumers. Projections made by analysts show an expected increase at 0.8% for the month of September verus a reading for the previous period at 0.1%. If the actual news coming out is higher than projections, this should be read as a positive sign for the dollar, while a lower than expected result could bring down the price of the currency.

Wishing you successful trading!

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