U.S. Retail Sales for
February down to –0.6% from the prior month of 0.4% and forecast for 0.2%. At
the same time the Retail Sales ex-auto for February down to –0.2% by prior 0.5%
and forecast of 0.2%. The U.S. market continues to suffer by the almost
starting recession. At the same time the weekly initial claims remain unchanged
from the prior week at 353K by forecast for 353K. The news for worse than
forecasting U.S. Retail Sales was widely expecting during the European session
and the market generate this news already. In the first minutes after the news
the dollar up slowly against the majors as just 3-hours before was trading at
new record against the euro @ 1.5626. The all factors are against the dollar
these days and there are not signs for support for the currency of the world
biggest economy said Peter Mill by World-Signals.com.
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