US retail sales data for November has been released at 1:30 pm GMT. Release turned out to be a disappointment as expectations were missed in all major categories. Highlights of the report.
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Headline: -1.1% MoM. Expected: -0.3% MoM
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Excluding autos: -0.9% MoM. Expected: +0.1% MoM
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Excluding autos and fuel. -0.8% MoM. Expected: +0.2% MoM
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Control group: -0.5% MoM. Expected: +0.2% MoM
Report comes after a 0.1% MoM decrease in October (revised lower from 0.3% MoM) and has caused a short-term pullback of the equity indices. On the other hand, US dollar looked past weak data and managed to gain against major peers like EUR, GBP and JPY. US PMIs are next on the agenda (2:45 pm GMT).
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USDJPY gained slightly on the US retail sales release. The pair trades near an intraday swing level at 103.38. Source: xStation5
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