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Be careful what you read

Discussion in 'Technical Analysis' started by FXStreet_Team, Apr 14, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    Outlook: Yesterday’s Beige Book (prepared for the April 26-27 FOMC) was mostly upbeat. Seven of 12 districts judge growth to be modest to moderate, up from 6 last time. Wages were up in all areas except Atlanta. Moreover, prices are up “modestly,” in comparison to the last Beige Book in which prices were “generally flat.” Sounds good, right? Think again, Yesterday’s retail sales for March was -0.3% for the third consecutive monthly drop. The WSJ links the retail sales numbers to GDP forecasts,

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