US retail sales data for July was released at 1:30 pm BST. Report turned out to be mixed and caused some moves on the markets. Highlights of the report:
• Headline: 0.0% MoM vs 0.1% MoM expected (1.0% MoM previous)
• Ex-autos: 0.4% MoM vs -0.1% MoM expected (1.0% MoM previous)
Report showed that inflation eased slightly but remained high in July. Sales at nonstore retailers jumped 2.7% boosted in large part by Amazon’s Prime Day event on July 12 and 13. Increases were also recorded for building material & garden eq. & supplies dealers (1.5%), miscellaneous store retailers (1.5%). On the other hand, sales at gasoline stations tumbled 1.8% as the gasoline price index tumbled 7.7%. Declines were also seen for motor vehicle & parts dealers (-1.6%) and at department stores (-0.5%). Excluding gasoline stations, sales rose 0.2%.
EURUSD is trading lower today and today’s data provided more fuel for bears. The main currency pair may be heading towards support zone in the 1.0125 area. Source: xStation5
Economic Calendar: All at once! Fed rate decision and Big Tech earnings to stretch investors (29.07.2026)
Chart of the Day: Who suffers from the oil price drop? (28.07.2026)
Economic Calendar: PayPal, Visa and Coca-Cola to overshadow macro data (28.07.2026)
Morning Wrap: US halt to attacks balanced by semiconductor sector declines (28.07.2026)