CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 76% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 76% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 76% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

Instant view: US Retail Sales

13:39 15 August 2019

Data:

US Retail Sales M/M: +0.7% vs +0.3% exp. 0.3% prior

Core Retail Sales M/M: +1.0% vs +0.4% exp. +0.3% prior 

Philly Fed manufacturing index: 16.8 vs 10.1 exp. 21.8 prior

Empire Fed manufacturing index: 4.8 vs 2.1 exp. 4.3 prior

 

A plethora of data from the US has painted a better than expected picture for the world’s largest economy with both consumer spending metrics and manufacturing figures beating consensus forecasts. The market reaction has been in keeping with what you’d expect as US bond yields have ticked higher alongside stock indices and the US dollar while Gold has dropped back towards its lowest level of the day.   

 

Some strong moves in the past hour or so before the economic release have possibly stolen this data’s thunder with positive trade news crossing the wires. Reports from Beijing claimed that Xi and Trump are in touch via meetings, phone and letters. This caused a swift rally in US benchmarks with the S&P500 jumping over 50 points, while US bonds and Gold fell back. 

 

On the whole, this suggests that the market is far more sensitive to trade developments than to economic data at present, and therefore traders should keep a keen eye on this front.  

US Indices have received two positive pieces of news in the past hour or so with upbeat remarks on trade and a better than expected set of data releases. Source: xStation  

 

This content has been created by X-Trade Brokers Dom Maklerski S.A. This service is provided by X-Trade Brokers Dom Maklerski S.A. (X-Trade Brokers Brokerage House joint-stock company), with its registered office in Warsaw, at Ogrodowa 58, 00-876 Warsaw, Poland, entered in the register of entrepreneurs of the National Court Register (Krajowy Rejestr Sądowy) conducted by District Court for the Capital City of Warsaw, XII Commercial Division of the National Court Register under KRS number 0000217580, REGON number 015803782 and Tax Identification Number (NIP) 527-24-43-955, with the fully paid up share capital in the amount of PLN 5.869.181,75. X-Trade Brokers Dom Maklerski S.A. conducts brokerage activities on the basis of the license granted by Polish Securities and Exchange Commission on 8th November 2005 No. DDM-M-4021-57-1/2005 and is supervised by Polish Supervision Authority.

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