Much Anticipated US Retail Sales for September to be Released Today

Much Anticipated US Retail Sales for September to be Released Today

The market is anticipating the US Retail Sales data for September that will be disclosed by the Census Bureau on Tuesday at 12:30 GMT. Market participants and analysts will be carefully examining the changes in the values of the indicator, as the value of the Retail Sales is used for the estimation of inflation. If there is a drop in the values of the indicator, it will have a negative effect on dollar quotes.

When the Retail Sales was published on 14th Sept 2023 at 12:30 GMT, it was found to be 0.6% in place of the expected 0.0%. Now the financial experts are forecasting it to be 0.0%. The market will be closely observing this week's Retail Sales figures, as it will prove to be critical in determining whether consumer spending is remaining strong towards the final stretch of the quarter.

Before making any crucial market decisions, the market participants who are trading in the American currency or associated with the consumer sector of the market are highly recommended to make a note of the changes in the indicator, as it could impact the US dollar quotes.

Moreover, the US economy had been functioning fairly successfully in 2023, in spite of the numerous delays occurring in the journey and the Fed policy becoming more restrictive than many investors had anticipated at the beginning of the year.

US to Unveil its Retail Inventories

Retail Inventories of the US will be released on Monday at 14:00 GMT and the market participants who are trading in the US dollar quotes or related to the consumer sector of the market are suggested to be vigilant about the announcement of the indicator. Apart from that, it assesses the production activity in the near term. The announcement of the Retail Inventories by the Census Bureau is considered medium important economic news. Top economists are expecting it to be 1.1%. Likewise, when the Retail Inventories was released on 29th Sept 2023 at 12:30 GMT, the indicator stood at 1.1%.

Germany Revealed Its ZEW Economic Sentiment Indicator

The Centre for European Economic Research will be disclosing the ZEW Economic Sentiment Indicator of Germany on Monday at 09:05 GMT and the market participants who are trading in the euro quotes are recommended to take note of the changes in the readings of the indicator, as it will influence the currency. With the decline in the values, a negative impact will be felt by the euro quotes. When it was published on 12th Sept 2023 at 09:05 GMT, it was found to be -11.4 and now the financial experts are forecasting it to be -11.9. Furthermore, the release of the ZEW Economic Sentiment Indicator is considered highly important economic news, as it indicates the sentiment of institutional investors.