13 Feb 2014
Flash: US Retails Sales up next; what will it be? - Rabobank
FXStreet (Guatemala) - Strategists at Rabobank sight the Retails Sales figures from the Us as the next most key piece of data while markets are volatile from day to day and from one bit of data to the next.
Key Quotes:
"Today’s key data focus is US retail sales for January. Consensus is a flat MoM reading headline and 0.1% ex-autos. However, given that revolving (i.e., credit card) consumer credit saw a USD5.0bn increase in December, the highest since May, we might get a surprise to the upside – though at the same time the extreme US weather in the month argue in the opposite direction".
"Apart from that we have another very data-light session to look forward to today, although we are still waiting for key Chinese credit data, which could be out any time between today and 15 February".
Key Quotes:
"Today’s key data focus is US retail sales for January. Consensus is a flat MoM reading headline and 0.1% ex-autos. However, given that revolving (i.e., credit card) consumer credit saw a USD5.0bn increase in December, the highest since May, we might get a surprise to the upside – though at the same time the extreme US weather in the month argue in the opposite direction".
"Apart from that we have another very data-light session to look forward to today, although we are still waiting for key Chinese credit data, which could be out any time between today and 15 February".