U.S. Retail Sales Top Estimates With Biggest Gain Since March | Metals Mine

  • U.S. Retail Sales Top Estimates With Biggest Gain Since March

    From bloomberg.com

    U.S. retail sales rose by the most in four months and exceeded projections in July on a surge in online purchases, signaling consumer spending continues to prop up the expansion. The value of overall sales climbed 0.7% after a downwardly revised 0.3% increase in the prior month, according to Commerce Department figures released Thursday. The reading topped all estimates in a Bloomberg survey of economists that had called for a 0.3% gain. Sales in the “control group” subset, which some analysts view as a more reliable gauge of underlying consumer demand, rose 1% and also topped the most optimistic projection after ... (full story)

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kuroro001
Aug 15, 2019 8:26am
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Quoting Vancarbon
There's going to be some real volatility today even some CB intervention . Possibly fade the move but don't be whipsawed ( equity market ) . Don't fight the CB
Intervene ? why ? Equities are only 6% down from the top. Dollar is stable, nothing to worry about

Let's talk again when equities are down 20/30%
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TudorIoan
Aug 15, 2019 9:51am — Edited
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Quoting kuroro001
{quote} Intervene ? why ? Equities are only 6% down from the top. Dollar is stable, nothing to worry about Let's talk again when equities are down 20/30%
Don't fight the plant trolls!
They don't get paid unless they post at least 50 conspiracy fake crappy nonsense per day
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LittleMonkee
Aug 15, 2019 7:53am
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Quoting Ghass1234
hehe Gold down today
maybe not? the bear is not in action.. or maybe later?
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Jewell59
Aug 15, 2019 7:50am
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Gonna need one more NET POS for USD to move.. or look like some up coming random CHINA (RED) news coming to drop the dollar more... "WAIT FOR IT"
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OnlineAddict
Aug 15, 2019 7:56am
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Sell the USD for today.
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Vancarbon
Aug 15, 2019 7:41am
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Those figs will leave the Fed with some work to "spin a cut ". What a conundrum
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Vancarbon
Aug 15, 2019 8:06am
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There's going to be some real volatility today even some CB intervention . Possibly fade the move but don't be whipsawed ( equity market ) . Don't fight the CB
Reply
Logix
Aug 15, 2019 8:11am
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Quoting Vancarbon
There's going to be some real volatility today even some CB intervention . Possibly fade the move but don't be whipsawed ( equity market ) . Don't fight the CB
Whats the source of this info regarding possible intervention of CBs???
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Aaafx-trader
Aug 15, 2019 11:32am
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Quoting Guest
{quote}There is only so much money in the world to pursue market objectives - participants may be out of gas just now ------> which means most markets will tarry in a range for a while and then resume in their original direction. Ultimately money (supply/demand) moves markets not "news" or event prints ----> since regardless of sentiment if there is no money on the side of the news it will sway nothing and no one.
ِA great though!
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Ghass1234
Aug 15, 2019 7:47am
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hehe Gold down today
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Rakeem
Aug 15, 2019 7:45am
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DJ is not up they dont belief you! You maybe not manipulate the currency but hardly manipulate the data, to show strength
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Jewell59
Aug 15, 2019 7:43am
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joke... market. This release should be extremely positive for the USD> big banks don't want to move it .. .WHY?
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jonesobi1gm
Aug 15, 2019 7:50am
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whats happening, why is it not moving???????????
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Trader#1F72
Aug 15, 2019 9:10am
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Not sure Powell will sleep well tonight - the economy is on that part of curve where mistakes (miscalculations) are easily made. I do not envy him at all ----> very good prints almost all round, yet other signs suggest all is not going to be as well in the near future. I guess if any of you guys want to make quick money you could offer the Fed a consultancy on not depending on too many indicators in making their calls LOL. At this point the problem is not very different from what traders face all the time (especially traders depending on loads of indicators all at once - tough).
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Trader#1F72
Aug 15, 2019 9:18am
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Quoting Jewell59
Simple... Move in favor of USD or against USD .. then retrace. Standard practice in news releases like this.. yet no movement? Something is off...
There is only so much money in the world to pursue market objectives - participants may be out of gas just now ------> which means most markets will tarry in a range for a while and then resume in their original direction. Ultimately money (supply/demand) moves markets not "news" or event prints ----> since regardless of sentiment if there is no money on the side of the news it will sway nothing and no one.
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praveenpvn
Aug 15, 2019 10:23am
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Guys why today USD core retail sales news didn't affect the market.?
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Jewell59
Aug 15, 2019 7:48am
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Simple... Move in favor of USD or against USD .. then retrace. Standard practice in news releases like this.. yet no movement? Something is off...
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Trader#8E93
Aug 15, 2019 8:00am
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The high impact news is positive for the USD, probably later the market will move in USD
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Vancarbon
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