All Eyes on US Retail Sales Today

All Eyes on US Retail Sales Today

The US consumer spending, as represented by Retail Sales, is expected to rise by 0.2% MoM in September after recording an unexpected increase of 0.3% in August. The July Retail Volume was revised lower to a 0.4% decline.

If the Core Retail Sales print below estimates or even match the forecasts, it could imply that consumers are feeling the pinch of widespread inflation notwithstanding some relief from falling prices at the gas station. It could weigh on the dollar temporarily, as expectations of steeper Fed rate hikes to tame inflation will overpower and keep the dollar bulls afloat. 

It’s worth noting that the US dollar’s reaction to the Retail Sales release could be influenced by the persisting risk trend and Fed rate hike expectations, as the data succeeds the all-important Consumer Price Index (CPI) release yesterday.

Friday’s US Retail Sales and University of Michigan (UoM) Consumer Sentiment data will be also closely scrutinized, as they will shed additional light on household trends amid rising interest rates and the ongoing cost of living squeeze.

Friday 14th October- Times are GMT+3

15.30 – US – Core Retail Sales m/m & Retail Sales m/m

Potential instruments to Trade: USD Crosses. 

17.00 – US – Prelim UoM Consumer Sentiment

Potential instruments to Trade: USD Crosses.

If you have any questions or require any assistance, please contact one of our support team members via our Live Chat or email [email protected].

We are Errante. Trading made personal.

Errante is the trading name used by Notely Trading Ltd, an Investment Firm authorized and regulated by the Cyprus Securities and Exchange Commission (CySec) under license number [383/20]. Errante is governed by the Markets of Financial Instruments Directive (MiFID II) of the European Union.

To find out more about Errante, visit

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 65.00% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.Read our Risk Disclosure.

Get started for free

Create Account