June 13, 2013
- in Uncategorized by schooloftrade
Jobless Claims & Retail Sales give the DOLLAR a much needed boost
– The US data out
this morning helps support the thesis of a gradual economic recovery, paving
the way for the Fed taper. The May retail sales report was slightly better
than expected and the April numbers were revised slightly higher. The initial
jobless claims were a bit below expectations, dropping the four-week MA for new
claims to 345.25K v 352.50K prior. All the inventory data came in right in
line, and analysts suggested that inventories would have a neutral GDP
contribution in Q2.
