Dollar suffers from the bearish Retail Sales, its outlook is now in doubt

Discussion in 'Technical Analysis' started by FXStreet_Team, Jan 18, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

    Oct 7, 2015
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    On Friday investors’ focus had been on the US Retail Sales report and secretly most of them hoped for a surprise that would help the US currency to recover against its rivals. However we had warned our audience that the bias was bearish and the most likely outcome for the consumer spending report would be a lower reading confirming the slowdown in the sector. Indeed the Retail Sales figures came out exactly as expected with the report showing a lower reading for consumer spending during the

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