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US retail sales expected to mark first back-to-back decline since Jan 2015 - TDS

Discussion in 'Fundamental Analysis' started by FXStreet_Team, Feb 12, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    Research Team at TDS, is calling for a 0.1% m/m decrease in US headline sales, which would mark the first back-to-back decline since January 2015.

    Key Quotes

    “Dragging down the headline figure are weak auto sales and falling gas prices; stripping these out, the ex. autos and gas figure should see a healthy 0.3% m/m gain. The consensus estimates are +0.1% m/m and +0.3% m/m, respectively.

    In addition to retail sales, we will also see preliminary University of Michigan confidence for February. TD looks for consumer confidence to cool from 92.0 to 91.0 while the market consensus is a slight increase to 92.3.

    Lastly, the import price index for January is expected to show import prices continue to fall on the back of the stronger dollar. TD looks for a 1.8% m/m decline, while the consensus call is for a more subdued 1.5% m/m drop.”
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