CORE RETAIL SALES REPORT
The US Core Retail Sales report measures the change in the total value of sales made to the US consuming public, excluding sales of automobiles. It is an important measure of consumer spending.
This news report has become very important over the years following the global financial crisis where consumer spending was badly hit as a result of the subprime mortgage crisis, which triggered foreclosures, bank collapses and the attendant loss of jobs that reduced disposable income. The Core Retails Sales report is therefore used to measure to what extent consumers are spending, as the spending habits of consumers are directly proportional to how much cash they have. The level of disposable income available to consumers to spend is a direct measure of the state of the economy. Manufacturers of consumer goods and retail outlets depend on the ability of the consuming public to buy their goods to keep them afloat. When these production outlets are afloat, then jobs can be created and a positive cycle can be perpetrated, keeping the economy healthy.
Stocks vs Forex
The foreign exchange market might seem very similar to other financial markets to some people. On the surface, the forex exchange has many similarities to the stock exchange. However, there are a number of differences. Below is a breakdown of some of the major differences that might not be obvious to everyone.
The stock market is a centralized market, meaning that it is located mainly in one place: the New York Stock Exchange (NYSE). All trades enter and exit from that location. Forex is not centralized, and is considered an over-the-counter (or OTC) exchange.
The stock market is operated on a strict schedule. So is the forex market. However, the stock market operates for 8 hours per day and then shuts down. Traders have to wait until the next morning to start trading again. There is no downtime in the forex market. It’s operated 24 hours a day in 3 shifts, 365 days a year. The forex trading hours in the U.S., Asian and European markets overlap, so trading at any time of the day or night is seamless.
Rally in Stocks Lifts USD/JPY Above 100.00
Market Drivers November 14, 2013
USD/JPY takes out barriers at 100.00
UK Retail Sales miss on warmer weather
Nikkei 2.12% Europe .94%
Europe and Asia:
JPY IP 1.3% vs. 1.5%
GBP Retail Sales -0.6% vs. 0.0%
EUR Flash GDP 0.1% vs. 0.2% eyed.
TopGoldForum is for over 10 years, one of the prime online destination for online money making, forex trading, offshore companies, investments, online payments and crypto-currencies like bitcoin help and advices. More about us.