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  • Retail Sales in U.S. Increased More Than Forecast in March

    From bloomberg.com

    Read Full Story at bloomberg.com

    Retail sales in the U.S. rose more than forecast in March, showing consumers are weathering the jump in gasoline prices heading into the second quarter. The 0.8 percent gain was almost three times as large as projected and followed a 1 percent advance in February, Commerce Department figures showed today in Washington. The median forecast of 81 economists surveyed by Bloomberg News called for a rise of 0.3 percent. Eleven of 13 categories showed increases. Americans snapped up Apple Inc. (AAPL) iPads and clothing at chains like Gap Inc. (GPS) and Target Corp. (TGT), indicating an improving job ... (full story)

    • chandresh

      31 posts
    • any comments pls?
      If the US retail index goes up which means sale is good and USD is stronger? then why would USD fall??
      thanks

    • kerubinus
      kerubinus's Avatar

      16 posts
    • Retail index is higher than forecasted but lower than previous, it mean that things goes minus bad than supposed but the trend is down. No reasons to open champagne bottles.

    • venzen
      venzen's Avatar

        1,207 posts
    • well, since you ask, the markets have already started the journey down into a significant final leg of global depression and this little bit of good news (0.4% inflation adjusted change - and probably a lie anyway) is only enough to cause a little spurt of upward correction in equities until the next piece of bad news from Europe. International big money does flee to the USD as a reserve currency, but this feeble US news caused concerned investors to go to Gold. That's why the USD index went down - check XAUUSD index.

    • Guest

      IP XXX.XXX.159.103
    • Chandresh and sudhacare..USD retail sales goes up it means that the stocks should go higher it's a good news for the world U can check the latest spike at Dow jones.So the risk-off tone no longer exists!

    • chandresh

      31 posts
    • lol.. ofcourse no champagne bottles..
      but when predictions are done its done by people who r into this for long time, like big traders and if their expectations are met (just predicting indexes) then it should go +ve with their trades, so why does it fall?
      Or is it something biggy internal politics that give a lil hope and all traders will go with the flow.. and then do exactly opposite??
      lol.. just my weird prediction..

    • atlass

      116 posts
    • Quoting chandresh
      any comments pls?
      If the us retail index goes up which means sale is good and usd is stronger? Then why would usd fall??
      Thanks
      because good for stock

    • venzen
      venzen's Avatar

        1,207 posts
    • @chandresh, good news (a green number) is not necessarily a signal for experienced traders to "go with the flow" - remember we are talking about a US economy that is trying to recover and a 0.4% increase (altho positive) is not what investors with US interests hoped for after the Fed's failure to implement QE3 and all the squeezing of Big Media balls (to broadcast hype) by the Big Money
      A good strategy at this point is probably to take any news with a pinch of salt and open a small EURUSD short position for 3 months. Once the EU has pulled everyone into depression, then re-evaluate.

    • Guest

      IP XXX.XXX.22.115
    • why up eur/usd

    • chandresh

      31 posts
    • @venzen, thanks, got a lil bit of understanding now... thanks to all as well for quite good explanations, it does help to traders like us..

    • venzen
      venzen's Avatar

        1,207 posts
    • @chandresh, the "predictions" and forecasts are not made by traders - they are made by university economics departments (a la Larry Summers) and by agencies who get paid to publish figures which have been massaged. I think you need to trade very carefully and read more!

    • Trainman
      Trainman's Avatar

        138 posts
    • Quoting chandresh
      lol.. ofcourse no champagne bottles..
      but when predictions are done its done by people who r into this for long time, like big traders and if their expectations are met (just predicting indexes) then it should go +ve with their trades, so why does it fall?
      Or is it something biggy internal politics that give a lil hope and all traders will go with the flow.. and then do exactly opposite??
      lol.. just my weird prediction..
      I think it was Jake Bernstein that said, "Ours is not to reason why... ours is but to sell and buy." It is the fundamental nature of markets to be as unpredictable as possible. I have been observing that when a key statistic is only slightly bullish or slightly bearish that the market often reacts opposite to what you'd expect. You can adopt whatever explanation you like, for nobody truly knows.

      Watch how the markets react to weak or strong news, adapt your strategy to it and trade, man, trade like a mad bugger!

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