The US retail sales data for January was released at 1:30 pm GMT. The report showed following figures:
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Retail sales: +0.3% MoM (expected: +0.3% MoM)
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Retail sales ex. autos: +0.3% MoM (expected: +0.3% MoM)
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Retail sales ex. autos and gas: +0.4% MoM (expected: +0.3% MoM)
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Retail sales control group: 0.0% MoM (expected: +0.3% MoM)
As one can see the data turned out to be more or less in-line with estimates. Small beat in core gauge excluding autos and gas was offset with somewhat weaker reading for control group. December’s data for almost every category was revised slightly lower. Another piece of the US hard data - industrial production for January - will be released at 2:15 pm GMT. Meanwhile, EURUSD is unimpressed by the reading, what should not come as a surprise given lack of deviation from expectations.
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EURUSD has been moving lower since the start of February. The pair is trading sideways in the 1.0830-1.0850 range today and barely reacted to the US data release. Source: xStation5
