{"id":4849,"date":"2009-11-16T16:34:30","date_gmt":"2009-11-16T21:34:30","guid":{"rendered":"http:\/\/countingpips.com\/fx\/?p=4849"},"modified":"2009-11-16T16:34:30","modified_gmt":"2009-11-16T21:34:30","slug":"us-retail-sales-gain-beat-forecasts-in-october-us-dollar-falls-in-forex","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/fx\/2009\/11\/16\/us-retail-sales-gain-beat-forecasts-in-october-us-dollar-falls-in-forex\/","title":{"rendered":"US Retail Sales gain, beat forecasts in October. US Dollar falls in Forex."},"content":{"rendered":"<p><strong>By CountingPips.com<\/strong><\/p>\n<p>U.S. Retail Sales increased by more than expected as consumers picked up the spending pace in October according to a report by the U.S. Commerce Department released today. Advance estimates of retail sales showed that sales increased by 1.4 percent to $347.5 billion in October and surpassed market forecasts that were expecting a 0.9 percent increase for the month. September&#8217;s results were revised lower from an original <a href=\"http:\/\/countingpips.com\/fx\/wp-content\/uploads\/2009\/11\/RetailSales200x150.gif\"><img loading=\"lazy\" decoding=\"async\" class=\"alignleft size-full wp-image-4850\" title=\"RetailSales200x150\" src=\"http:\/\/countingpips.com\/fx\/wp-content\/uploads\/2009\/11\/RetailSales200x150.gif\" alt=\"RetailSales200x150\" width=\"208\" height=\"170\" \/><\/a>estimate of a 1.4 percent fall to a decline of 2.3 percent.<\/p>\n<p>On an annual basis, October sales were 1.7 percent below the October 2008 sales level following September&#8217;s annual decline of 6.3 percent. Core retail sales, excluding automobile sales and parts, increased by 0.2 percent in October after a 0.4 percent gain in September.<\/p>\n<p>Boosting the retail sales numbers in October was a gain in automobile sales which rose 7.4 percent for the month. Gas station sales were flat for the month after a 15 percent decrease in September. Also contributing to the increase in retail sales were gains in food services &amp; drinking places, nonstore retailers, miscellaneous stores retailers, general merchandise stores and health &amp; personal care stores.<\/p>\n<p><strong>US Dollar falls in Currency Trading today.<\/strong><\/p>\n<p>Today\u2019s currency trading has seen broad based US dollar declines against the major currencies as positive retail sales data and better GDP data (4.8% annual growth) out of Japan contributed to a risk taking environment. The dollar has lost ground to the euro, British pound, Australian dollar, New Zealand dollar, Swiss franc, Canadian dollar and Japanese yen at 4:12 pm EST according currency data by Oanda.<\/p>\n<p>The US stock markets had a positive session today with the Dow Jones gaining by 136.49 points, the Nasdaq increasing 29.97 points and the S&amp;P 500 showing a 15.82 point gain.\u00a0 Oil has traded higher to $78.86 while gold rose by $22.50 to $1138.60 per ounce.<\/p>\n<p><strong>AUD\/USD Chart<\/strong> \u2013 The Australian Dollar gaining today versus the US Dollar in Forex Trading. The AUD\/USD marked a new 2009 high today as the pair broke through the 0.9400 level for the first time since July 2008.<\/p>\n<p><a href=\"http:\/\/countingpips.com\/fx\/wp-content\/uploads\/2009\/11\/11-16aud.gif\"><img loading=\"lazy\" decoding=\"async\" class=\"alignleft size-full wp-image-4852\" title=\"11-16aud\" src=\"http:\/\/countingpips.com\/fx\/wp-content\/uploads\/2009\/11\/11-16aud.gif\" alt=\"11-16aud\" width=\"595\" height=\"400\" \/><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Today\u2019s currency trading has seen broad based US dollar declines against the major currencies&#8230;<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-4849","post","type-post","status-publish","format-standard","hentry"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/posts\/4849","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/comments?post=4849"}],"version-history":[{"count":0,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/posts\/4849\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/media?parent=4849"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/categories?post=4849"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/tags?post=4849"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}