US: Focus on retail sales today - TDS

Sandeep Kanihama FXStreet Contributor

According to analysts at TD Securities, strong March auto sales, accelerating gasoline prices and a firm rebound in the (core) control group should underpin a solid 1.3% m/m jump in the US retail sales, following a 0.2% decline in February.

Key Quotes

“We expect the 0.7% m/m improvement in sales in the key control group to be supported by a normalization in tax refunds, rising real disposable income and a still humming labor market.”

“Conversely, the Philly Fed index is expected to post a modest 2.7 point decline to 11.0 in April. Recall that the index registered a significant improvement in March, posting an eye-popping 17.8 jump in the index to a five-month high of 13.7 in March.”

Author

Sandeep Kanihama

FXStreet Contributor

Sandeep Kanihama is an FX Editor and Analyst with FXstreet having principally focus area on Asia and European markets with commodity, currency and equities coverage. He is stationed in the Indian capital city of Delhi.

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