German Retail Sales drop 5.3% MoM in April vs. -12% expected, EUR/USD keeps 1.11

German Retail Sales dropped 5.3% MoM in Mar vs. -12.0% expected.

Dhwani Mehta FXStreet

Retail Sales dived 6.5% YoY in Mar vs. -14.3% expected.

According to the latest data reported by Germany’s Destatis on Friday, the country’s Retail Sales arrived at -5.3% MoM in April versus -12.0% expected and -4.0% last.

On an annualized basis, the German Retail Sales came in at -6.5% in April versus -1.2% seen in March and -14.3% expected.

About German Retail Sales

The Retail Sales released by the Statistisches Bundesamt Deutschland is a measure of changes in sales of the German retail sector. It shows the performance of the retail sector in the short term. Percent changes reflect the rate of changes of such sales. The changes are widely followed as an indicator of consumer spending. The positive economic growth usually anticipates "Bullish" for the EUR, while a low reading is seen as negative, or bearish, for the EUR.

FX implications

EUR/USD keeps its range close to two-month highs of 1.1111 following the release of the upbeat German Retail Sales data for April.

At the time of writing, the major gains 0.26% to trade at 1.1104.

Author

Dhwani Mehta

FXStreet

Residing in Mumbai (India), Dhwani is a Senior Analyst and Manager of the Asian session at FXStreet. She has over 10 years of experience in analyzing and covering the global financial markets, with specialization in Forex and commodities markets.

GBP/USD strengthens above 1.3350 ahead of US CPI data

The GBP/USD pair trades in positive territory around 1.3360 during the Asian trading hours on Tuesday. However, the potential upside for the major pair might be limited amid fears of an escalating US-Iran conflict. The US June Consumer Price Index inflation report will take center stage later on Tuesday.

EUR/USD posts modest gains above 1.1350 as traders await US CPI inflation release

The EUR/USD pair posts modest gains near 1.1385 during the Asian trading hours on Tuesday. Nonetheless, the potential upside for the major pair might be limited amid renewed US military strikes against Iran. Traders will take more cues from the US June Consumer Price Index inflation data, which will be released later on Tuesday.

Gold recovers further beyond $4,000; focus remains on US CPI, Fed's Warsh

Gold builds on its steady intraday recovery from a nearly two-week low, touched during the Asian session, and climbs to the $4,023-$4,024 region in the last hour. The US Dollar pauses following a strong two-day rally as bulls turn cautious ahead of the latest US consumer inflation figures and Federal Reserve Chair Kevin Warsh's testimony. This is seen as a key factor offering some support to the bullion.

Trump urges Senate to pass CLARITY Act as crypto bill nears crucial vote

US President Donald Trump on Monday urged the US Senate to swiftly pass the Digital Asset Market Clarity Act, following the death of Senator Lindsey Graham, who passed away unexpectedly over the weekend at age 71. "In honor of Senator Lindsey Graham, a big supporter, the US Senate should pass the CLARITY Act," Trump wrote in a Truth Social post.

Oil jumps, bonds break and the AI trade starts losing its shine

Wall Street finally ran into the collision course it had spent weeks pretending would never happen. Oil surged, bonds sold off, the dollar caught a bid, and the most crowded corner of the equity market began to buckle under its own weight.

Five sessions, one round trip: Why the whipsaw is exactly what Warsh ordered

Markets opened July with a December hike as the base case and spent five trading sessions unlearning and relearning it. A 57K payrolls print bled the tightening bets out of the strip; a re-shut Strait of Hormuz is pushing them back in. Wednesday's minutes from the June FOMC meeting landed mid-round-trip, describing a world that had already stopped existing.