US Retail sales jump 1.1% in September | Forex Factory

US Retail sales jump 1.1% in September | Forex Factory

US Retail sales jump 1.1% in September

From marketwatch.com

U.S. retail sales rose a seasonally adjusted 1.1% in September, as spending rose for every segment except department stores, the Commerce Department said Monday. Excluding autos, which can have an outsized impact on the report, retail sales also rose 1.1%. Economists surveyed by MarketWatch expected retail sales to rise by 0.9% last month, or by 0.8% minus autos. In addition, the government revised sales figures for August and July to show somewhat higher spending. Retail sales climbed 1.2% in August - the fastest rate in almost two years - instead of 0.9% as previously reported. And the increase in July sales was ... (full story)

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Oct 15, 2012 7:59am

The rally in gold was interrupted at the key 1800.00 level, the price of gold retreated in a correction that could be considered normal after the strong rally we have seen.

The rally’s main catalysts were; the flood of liquidity from central banks across the world, and the eased tension over the European debt crisis following the ECB’s pledge to contain the crisis through extraordinary measures, such as the “Outright Monetary Transactions”.

Oct 15, 2012 8:01am

If the Federal Reserve is to continue printing money gold is expected to continue rising within the upcoming period, however a better than expected economic data from the U.S. recently lifted speculation further aggressive bond buying won’t be necessary as the economy could be in the process of accelerating.

Oct 15, 2012 8:08am

Quoting Paras4you

Disliked

Dr. Zain
Dont you think tht the US data is being manipulated and everything would come back to normal after the election.

Ignored

Who knows after the US election many Long Term Traders would have washed their Accounts

Oct 15, 2012 12:17pm

Quoting xdoctor

Disliked

I believe,until US election...all US datas will be good...if Gold still related to USD,then you will know what will happen next..

Ignored

I knew why Romania is at only the seconds at the top corruption list ( because they payed to not be the first ) , but even the US data are manipulated...hm right now I am thinking who is at the third position of that list!

Oct 15, 2012 7:49am

I think the Big Boys already know the result before it was announced. See gold price has dropped 15 minutes before announcement from 1748 to 1741? Those Big Boys had taken their selling positions and when it was announced, they all take their profit. That's why the chart didn't go down and even go up slightly. I think gold price will hang around 174x for today.

Oct 15, 2012 8:01am

Quoting Dr.Zain

Disliked

The rally in gold was interrupted at the key 1800.00 level, the price of gold retreated in a correction that could be considered normal after the strong rally we have seen.

The rally’s main catalysts were; the flood of liquidity from central banks across the world, and the eased tension over the European debt crisis following the ECB’s pledge to contain the crisis through extraordinary measures, such as the “Outright Monetary Transactions”.

Ignored

Agree. Good descriptions....

Oct 15, 2012 8:05am

Fed will surely printing money for some months ahead. They will not stop printing when US economy just begin to recover. They have to make sure the economy won't become worse when they stop printing. So, there is still a big possibility gold will go up again later

Oct 15, 2012 11:03am

Although it is possible gold still continue down to 1690 area, but I still think that it's only small probability.
If gold can be restrained in 172x-173x area for the rest of this week, more likely it will go north next week. The longer it stays here, the more traders will start buying.
For the meantime I think it's safer to observe the price movement until bear power diminish a little bit more before enter any long position.

Oct 15, 2012 11:59pm

Quoting naqvislm

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Gold-God: How would we know bear power has diminished?

Ignored

Wait for a sideways for some times. The longer the sideways the more probable bear has been restrained, but not 100% certainty, it's market after all. There is also a probability that the bear just regain its energy.
Safer to keep tight to your risk management to survive and take profit.

Oct 15, 2012 8:37am

Today I'm taking my first(and small) short after a looong time.
Lousy entrance but hey, everybody agree to long I had to be sure.
I strongly advise you NOT taking my trade as I follow a risky signal aiming too many pips with small lot!

And as for Gold I always preferred the black one. It has more clear moves

Oct 15, 2012 7:46am

lol wtf... xD no-stoploss? :O

Quoting Zerd

Disliked

i have buy gold at 1773 lol )

Ignored

Oct 15, 2012 8:04am

A sustained break below 1685.00 could invalidate the bullish scenario GG your comments about falling prices of Gold?

Oct 15, 2012 8:11am

Seems that since last 3 weeks US data s are being manipulated and more than this FAT FIGURES Got Clue(results) before The Release Time???

Oct 15, 2012 8:42am

GG your comments about these figures!!!
Support1740.001735.0017420.001700.001690.00
Resistance1755.001765.001775.001780.001790.00

Oct 15, 2012 8:54am

GOLD TOUCHED 1735.08 Just now

Oct 15, 2012 8:56am

1734.30 Now

Oct 15, 2012 9:24am

Quoting Gold-god

Disliked

wow... it's red

Ignored

Its nor Respecting its LEVELS!!!

Oct 15, 2012 10:17am

Quoting gregulas

Disliked

no significant move !!!!

Ignored

Gold down 20$????

Oct 15, 2012 10:23am

Quoting Zerd

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i think 1730 is good point to BUY.

Ignored

I think so as there is an immediate support lying there that is 1720, but with SL

Oct 15, 2012 8:14am

Quoting Dr.Zain

Disliked

Seems that since last 3 weeks US data s are being manipulated and more than this FAT FIGURES Got Clue(results) before The Release Time???

Ignored

I think so...

Oct 15, 2012 8:58am

You see. Business Inventory has not been announced yet and the price is already jump down that deep

Oct 15, 2012 8:58am

I bet it will be green

Oct 15, 2012 9:00am

wow... it's red

Oct 15, 2012 9:21am

Quoting safdarhashmi

Disliked

soo what u say GG about 1717 level tommarow

Ignored

Everything could happen. But maybe gold will bounce up a little bit around 1720-1725 first.

Oct 15, 2012 9:23am

Quoting Subestian

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will gold go retrace up?

Ignored

Yes of course but the question should be: at what price gold will retrace back upside?

Oct 15, 2012 7:42am

sell limit eur usd 1.2984 SL 30 pip TP 60 pip. sel limit gbp usd 1.6077, SL/TP 30/60. expired time : 12 hours

Oct 15, 2012 7:54am

Gold had dropped 15 min early to the data because of the speech frm one of the FOMC http://www.forexfactory.com/news.php?do=news&id=389721

And i beleive Gold would go down till 1736 for the day as strong US data would have an influence over it.

Oct 15, 2012 8:05am

Quoting Dr.Zain

Disliked

If the Federal Reserve is to continue printing money gold is expected to continue rising within the upcoming period, however a better than expected economic data from the U.S. recently lifted speculation further aggressive bond buying won’t be necessary as the economy could be in the process of accelerating.

Ignored

Dr. Zain
Dont you think tht the US data is being manipulated and everything would come back to normal after the election.

Oct 15, 2012 7:54am

i see gold maybe retest 1724

Oct 15, 2012 8:56am — Edited

Buy gold 1730-1735, target 1757

Oct 15, 2012 8:05am

gold will move down to 1735 then can be up and in next week it can touch 1775

Oct 15, 2012 8:39am

me too otherwise there is no reason that us data is so positive this is only for elections

Oct 15, 2012 8:47am

thats absolutely right but i can think that gold will only touch 35 then will be back to 1775

Oct 15, 2012 10:35am

what can be the next target of gold?

Oct 15, 2012 7:43am

wait i think it will start in the next hourly candle every thing will be down gold,silver

Quoting gregulas

Disliked

no significant move !!!!

Ignored

Oct 15, 2012 9:05am

soo what u say GG about 1717 level tommarow

Oct 15, 2012 8:06am

no support news on gold today, the previous data of retail sales also being corrected to positive, and the data now higher than that...

Oct 15, 2012 7:49am

Use English guys... It's international forum... And yes gold surely will rise even more than 1770 but not now...

Oct 15, 2012 11:29pm

Quoting naqvislm

Disliked

i have long position from 1775 in dec. managed to hedge half in jan at 1745
what to do now???? confussed.

Ignored

Buy at 1700 when it fall down again...

Oct 15, 2012 8:03am

one more election gift from the president

Oct 15, 2012 12:23pm

i have long position from 1775 in dec. managed to hedge half in jan at 1745
what to do now???? confussed.

Oct 15, 2012 12:28pm

Gold-God: How would we know bear power has diminished?

Oct 15, 2012 2:45pm

Gold might retrace upto 1759 tomorrow, but i doubt any significant movement further.... could be a trending market till the EU summit this friday

Oct 15, 2012 7:35am

no significant move !!!!

Oct 15, 2012 7:42am

i have buy gold at 1773 lol

)

Oct 15, 2012 7:46am

oh shit.... lag gye gand nal......will gold retace upto 1770 or not???

Oct 15, 2012 7:47am

it's funny when elections approach data improves dramatically!

Oct 15, 2012 9:08am

will gold go retrace up?

Oct 15, 2012 9:54am

and when... hehe anyway, thank you!!

Quoting Gold-god

Disliked

Yes of course but the question should be: at what price gold will retrace back upside?

Ignored

Oct 15, 2012 10:15am

Quoting eqshack

Disliked

lol wtf... xD no-stoploss? :O

Ignored

lol it is mini lot

i can take it back

Oct 15, 2012 10:20am

Quoting Dr.Zain

Disliked

Gold down 20$????

Ignored

i think 1730 is good point to BUY.

Oct 15, 2012 10:36am

Quoting Gold-god

Disliked

wow... it's red

Ignored

lol red but will green

Oct 15, 2012 10:37am

Watting close london and will see NY move. Not good if it red lol

Trader#E4CE

Oct 15, 2012 10:55am

The fundamentals of gold that I learnt years before starting trading are that gold likes inflation (absent these days). On the other hand oil causes inflation. Some traders concentrate on gold and oil, the good ones watch other important markets as well, and can probably analyse most instruments easily.

Oct 15, 2012 11:04am

I believe,until US election...all US datas will be good...if Gold still related to USD,then you will know what will happen next..

Story Stats

Oct 15, 2012 7:31am
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High Impact Breaking

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US Core Retail Sales m/m

US Retail Sales m/m