🔹 Indicator Meaning

Today’s focus is on U.S. Retail Sales data:

- Core Retail Sales (m/m): Measures the change in the total value of retail sales excluding automobiles. This is a key indicator of underlying consumer demand.

- Retail Sales (m/m): Tracks overall spending at the retail level, including autos.

These indicators provide a snapshot of household spending, a major driver of U.S. economic growth.

- Interpretation rules:

Actual > Forecast → Positive for USD

Actual < Forecast → Negative for USD

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🔹 Key Information

Core Retail Sales m/m

• Forecast: 0.4%

• Previous: 0.3%

• Actual: (Not yet released)

Retail Sales m/m

• Forecast: 0.2%

• Previous: 0.5%

• Actual: (Not yet released)

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🔹 Market Outlook

- Retail activity is expected to moderate slightly compared to the previous month.

- A stronger-than-expected result could boost USD as it signals firm consumer spending, which may pressure gold.

- A weaker reading could weigh on USD and support gold, as it may point to a cooling in household demand and slower economic momentum.