12:35 PM · 16 September 2021

BREAKING: US retail sales rose unexpectedly

US retail sales data for August was released at 1:30 pm BST. Report turned out to be better than expected and caused some moves on the markets. Highlights of the report:

• Headline: 0.7% MoM vs -1.0% MoM expected (-1.1% MoM previous)

• Ex-autos: 1.80% MoM vs -0.2% MoM expected (-0.4% MoM previous)

EURUSD broke below the major support at 1.1770 support and is heading towards next support level at 1.1720. Source:xStation5

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