13 May 2015
US retail sales expected to disappoint – TDS
FXStreet (Barcelona) - Previewing the US data release today, FX Strategists at TD Securities expect the retail sales results to show a below consensus gain .
Key Quotes
“We finally get some top-tier economic data this week in US retail sales. This report will be for April and will be closely parsed for signs that Q1 softness was more temporary than a sign of a slowdown in US growth.We are looking for small disappointment relative to the market across all measures of retail sales (market: 0.5% m/m for headline) but we would note that the core metric is still expected to be print at a respectable 0.4% m/m (market: 0.5%).”
Key Quotes
“We finally get some top-tier economic data this week in US retail sales. This report will be for April and will be closely parsed for signs that Q1 softness was more temporary than a sign of a slowdown in US growth.We are looking for small disappointment relative to the market across all measures of retail sales (market: 0.5% m/m for headline) but we would note that the core metric is still expected to be print at a respectable 0.4% m/m (market: 0.5%).”