retail sales

Tuesday’s Core CPI read may not be the event you pay admission for in a week highlighted by a trio of central bank policy meetings and a historic Summit between President Donald Trump and North Korean dictator Kim Jung Un, but it begs to set the tone. In fact, Wednesday’s FOMC Meeting encourages a stronger emphasis on this inflation indicator.
U.S. equity markets are on course to open relatively unchanged at the start of the week after bouncing back from early losses on Friday, which came as Donald Trump announced tariffs on steel and aluminum.
The dollar sharply depreciated against a basket of major currencies on Friday after weaker-than-expected U.S. factory inflation data doused market optimism over inflation accelerating in 2018.

Last week, the reports on U.S. consumer inflation and retail sales were released. What do they imply for the gold market?

Sterling modestly appreciated on Thursday morning, after UK retail sales rose by 0.3% MoM in October – a figure above market expectations.
Futures Higher But Pull-Back May Not Be Over; UK Retail Sales Beat Expectations But Worrying Trend Continues; US Data and Central Bank Speakers Eyed.
Sellers immediately attacked the dollar on Wednesday after U.S. consumer prices marginally increased by 0.1% in October – the smallest gain witnessed in three months.
Sterling found itself under immediate selling pressure on Thursday morning after British retail sales tumbled in September.
Sterling bulls were installed with fresh inspiration during Wednesday’s trading session after UK retail sales smashed market expectations by rising 1.0% in August.
Comments on the dollar, Sterling and U.S shale.