Ticker tape by TradingView

Want Trade Alerts?

See all of our entries, exits, and analysis. 
Use code READER for 25% OFF!
Join VIP

May 13, 2021

14/05 USD Retail Sales: What To Expect

Bart Kurek

Look out traders! On Friday the 14th of May, the US will be printing their monthly retail sales report so here's what to expect...

The USD Retail Sales Report is set to release on Friday which shows the total value of sales at a retail level. As consumer spending accounts for a majority of economic activity, and therefore when citizens spend, it is a sign that people have jobs, people are making money, and people are able to spend money for whatever it is they want.

The "core" in retail sales removes volatile items such as automobiles from the figure. Traders find this figure important because consumer spending makes up around 70% of the US GDP, and 1/3 comes from retail activity.

Quick Summary of the Previous Report:

  • March headline jumped from expected 5.8% to 9.8% actual
  • March core retail trading jumped from 5.1% expected to 8.4% actual
  • February retail activity headline revised from -3.0% to -2.7%
  • February core retail sales revised from -2.7% to -2.5%

We saw such a huge jump in retail activity in March as there was much better weather, businesses began to reopen, jobs were becoming available and people had stimulus checks. The 9.8% headline was the highest since May 2020, and all the components of the report pointed to a 7% GDP growth in Q1 2021.

What's Expected Now:

  • Retail Sales headline to slow down from previous 9.8% to 0.3%
  • Core Retail Sales to print at 0.9%

Analysts expect to see a growth in retail activity, but April's number will most likely be much weaker than March's. Although progress is definitely slowed, the numbers are still positive, and some positive change occurred, meaning we could see some USD strength on Friday.

Impact on XAU/USD:

If we see the numbers come out as predicted, it's likely it will not cause as much volatility as we saw in March. However, progress is still progress, and with the world trying to ease lockdown and come out of this pandemic, we could for sure see some impulsive movement!

Now that Gold is in this breaker block, this news could be a catalyst for price to reject this zone and continue pushing higher towards 1900, where we can see liquidity is still yet to be collected.

Looking for Trade alerts?

Our entries, exits & analysis
Live Webinar Coaching
Trading Chatrooms
Strategy Library 
Use Code "READER" for $5 OFF!
JOIN NOW

free trading help

Looking for trading help? Submit your question here!
GET FREE TRADING HELP
Need a Forex Broker Upgrade?
Take our broker quiz and find out your best broker match!
FIND A BROKER
Bitcoin About To Catch Big Upside

Bitcoin has been vastly oversold due to the fact of regulation concerns from the US government wanting to make a more controlled market just like stocks. For over 2 months, the crypto has fallen nearly 42% from the highs in November, but it looks like it has found a bottom in the $39Ks. Why Bitcoin […]

Read More
CPI Climbs 7%, USD Could Be Bearish Now

CPI numbers came in yesterday indicating a 7% climb in inflation from last month. This is some bad news for the Fed, USD, and stock market which could lead to a short term bearish trend until the Fed raises rates. This report should be bullish for the USD in the longer term since investors can […]

Read More
How to Tell When a Forex Trend is Ending: 3 Clues!

Trend trading is perhaps one of the most commonly used strategies in the forex world. In this article we will be sharing tips on how to determine the end of one forex trend and the potential start of a new one. We will share 3 specific clues that you should be looking for when trend […]

Read More
DISCLAIMER: All comments made by TraderNick’s Forex Group, LLC are for educational and informational purposes only. All comments should not be construed as investment advice regarding the purchase or sale of any securities or financial instrument of any kind. Please consult with your financial adviser before making an investment decision regarding any securities or financial instruments mentioned by TraderNick’s Forex Group, LLC. TraderNick’s Forex Group, LLC assumes no responsibility for your trading and investment results. All information on any of the platforms utilized by TraderNick’s Forex Group, LLC was obtained from sources believed to be reliable, but we do not warrant its completeness or accuracy, or warrant any results from the use of the information. TraderNick’s Forex Group, LLC, its employees, representatives, and affiliated individuals may have a position or effect transactions in the securities and financial instruments herein and or otherwise employ trading strategies that may be consistent or inconsistent with the provided strategies. Trading of any type involves very high risk and may not be suitable for all investors. TraderNick’s Forex Group, LLC, its subsidiaries and all affiliated individuals assume no responsibility for your trading and investment result. Read our full disclaimer here
linkedin facebook pinterest youtube rss twitter instagram facebook-blank rss-blank linkedin-blank pinterest youtube twitter instagram