Join our community of traders FOR FREE!

  • Learn
  • Improve yourself
  • Get Rewards
Learn More

Business Inventories in the United States remained unchanged during March, at the amount of 1.270 trillion US dollars and mismatched the estimation of 0.3% increase. Additionally, it became clear, that the gross amount of US business sales declined at rate of 1.1% during March in confirmation of the uncertainty around economic recovery. Business Inventories data showed no change of the indicator in the production sector during March, while inventories in the retail trade segment diminished at 0.5% and rose at 0.4% in the wholesale sector.

Yesterday afternoon the US retail sales report for April was carried out and announced a 0.1% increase on a monthly basis, giving a breath of optimism, that consumer demand might be on the path of recovery. Cars and construction materials indicated a rise, as well as sales in clothing and online shops. The estimated value for this fundamental was -0.2%. With the publication of this news the eur/usd cross fell to 1.2941, but within the next few minutes regained its positions up to 1.2977-80 dollars per euro.

TradingPedia.com is a financial media specialized in providing daily news and education covering Forex, equities and commodities. Our academies for traders cover Forex, Price Action and Social Trading.

Related News

  • Apple shares retreat the most in a month on Friday, company to trim iPhone production in Q1 2017Apple shares retreat the most in a month on Friday, company to trim iPhone production in Q1 2017 According to a Nikkei financial daily report, released on December 29th, Apple Inc is to reduce production of iPhones by approximately 10% during the first three months of 2017. The report reflected calculations based on data from […]
  • Market Briefing on Monday June 20thMarket Briefing on Monday June 20th At the start of the US trading session on Monday, EUR/USD was trading close to the mid-point of the daily range (1.1308-1.1383), after the major pair followed GBP/USD and began the current week with a gap up. Short-term resistance is to be […]
  • General Motors climbs on top of quality reportGeneral Motors climbs on top of quality report “It’s a thousand little things that are done just an inch better at a time that adds up to getting a product that’s right at the top of the list,” Mike Hardie, director of global quality strategy at GM, said yesterday in an interview for […]
  • Chemours appoints President and Chief Executive OfficerChemours appoints President and Chief Executive Officer The Chemours Company (NYSE: CC) said on Friday that it had appointed Denise Dignam, its current Interim Chief Executive Officer, to the roles of President, CEO and a member of the Board of Directors with immediate effect.Dignam has […]
  • NZD/USD little changed in calm tradeNZD/USD little changed in calm trade New Zealand dollar reduced earlier gains against the greenback on trading Thursday, as market players were focusing on the weekly report of US initial jobless claims, scheduled for release later in the day.NZD/USD came off a session high […]
  • Natural gas trading outlook: futures steady after slump, US inventories data aheadNatural gas trading outlook: futures steady after slump, US inventories data ahead Natural gas futures were little changed during early trade in Europe today. The blue fuel continued downwards on Tuesday after a significant loss on Monday, as the US sees some comfortably cool weather. The EIA will report its weekly reading […]