US retail sales rebounded 9.8% last month | 16 April 2021

16 April 2021, GBP/USD

US retail sales rebounded 9.8% last month

GBPUSD trading plan:

US retail sales rebounded 9.8% last month, the largest increase since May 2020, the Commerce Department said. Data for February was revised higher to show sales dropping 2.7% instead of 3.0% as previously reported. The broad-based rebound was led by motor vehicles, with receipts at auto dealerships accelerating 15.1%. Sales at clothing stores soared 18.3%. Consumers also boosted spending at restaurants and bars, leading to a 13.4% jump in receipts. Online retail sales increased 6.0%. This is a positive factor for the dollar. Crude oil prices edged higher, trading near one-month highs on increasing optimism for demand growth as the global economy recovers. This is a negative factor for the dollar.

Investment idea: range 1.3750 -1.3850.

David Johnson
Analyst of «FreshForex» company
Setuju dengan review?
opini pedagang:
Close
Masuk
Browser Anda tidak mendukung kue. Jika cookie dinonaktifkan di browser Internet Anda, Anda mungkin memiliki masalah dengan render daerah Pribadi. Cara mengaktifkan dukungan cookie.
manager photo manager photo
Online-support
Dengan senang hati, kami akan menjawab pertanyaan Anda

Tulis

Get bonus