US retail sales likely to disappoint – TDS

By FXStreet FXStreet (Delhi) – Research Team at TD Securities, suggests that for this week the main US data release is October Retail Sales, with the overall tone of the report likely to be on the weak side, underscoring the falloff in consumer spending activity as the global headwinds to growth filter through to the rest of the economy.

Key Quotes

“Our expectation is for retail sales activity to post a very meagre 0.2% M/M advance, marking a modest acceleration in spending momentum after essentially stalling during the prior two months. Stronger auto sales and a rebound in gasoline sales should bolster the topline spending gains. However, excluding autos and gas, sales should rise at a subpar 0.1% M/M.”

“On the back of last Friday’s strong US payrolls data, fore-casters, including ourselves, are adjusting their Fed rate expectations; we now expect the Fed to hike in December.”
For more information, read our latest forex news. …read more

Source:: FX Street