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4 Aug 2021

Eurozone Retail Sales rise 5.0% YoY in June vs. 4.5% expected, EUR/USD tests lows

  • Eurozone Retail Sales increased by 1.5% MoM in June vs. +1.7% expected.
  • Retail Sales in the bloc rose by 5.0% YoY in June vs. 4.5% expected.

Eurozone’s Retail Sales rose by 1.5% MoM in June versus 1.7% expected and 4.1% last, the official figures released by Eurostat showed on Wednesday.

On an annualized basis, the bloc’s Retail Sales increased by 5.0% in June versus 8.6% booked in May and 4.5% estimated.

more to come ....

About Eurozone Retail Sales

The Retail Sales released by Eurostat is a measure of changes in sales of the Eurozone 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. Usually, the positive economic growth anticipates "Bullish" for the EUR, while a low reading is seen as negative, or bearish, for the EUR.

Aug 4, 2021

Gold Price Forecast: XAU/USD to resume its uptrend once above the 200-DMA at $1820 – Credit Suisse

Gold (XAU/USD) remains consistently capped at its 200-day average (DMA) at $1820 to leave it trapped in the sideways range of the past year, strategis
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Aug 4, 2021

EUR/USD slides to multi-day lows on softer Eurozone PMIs/Retail Sales data

The EUR/USD pair witnessed some selling during the first half of the European session and dropped to fresh weekly lows, around the 1.1840 region in th
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