{"id":34934,"date":"2022-09-15T16:10:00","date_gmt":"2022-09-15T15:10:00","guid":{"rendered":"https:\/\/youtrading.com\/en\/?p=34934"},"modified":"2022-09-17T00:04:25","modified_gmt":"2022-09-16T23:04:25","slug":"market-wrap-dollar-slides-after-retail-report","status":"publish","type":"post","link":"https:\/\/youtrading.com\/en\/market-wrap-dollar-slides-after-retail-report\/","title":{"rendered":"Market Wrap – Dollar Slides After Retail Report"},"content":{"rendered":"\t\t
\n\t\t\t\t\t\t
\n\t\t\t\t
\n\t\t\t\t\t\t\t\t\t
\n\t\t\t\t\t\t
\n\t\t\t\t\t\t\t
\n\t\t\t\t\t
\n\t\t\t
\n\t\t\t\t\t\t\t
\n\t\t\t\t\t\t
\n\t\t\t\t
\n\t\t\t\t\t\t\t\t
\n\t\t\t\t

The US dollar<\/a> currency is edging lower after the US retail report came in better than expected, however, some negative revisions were seen to the previous months reading.<\/p>

So far, the implied odds of a 100 bps Fed hike are down to 21% from 35% yesterday, indicating that the market is once again repricing the risk of more aggressive rate action on this latest number.<\/p>

Digging into the report a revised 0.4% fall in the previous month, which was worse than flat reading expected. Falling gasoline prices<\/a> allowed consumers to buy other items, with spending rising for motor vehicles.<\/p>

Elsewhere, food services and drinking places, building materials and garden equipment, sporting goods, hobby, musical instruments and books, general merchandise stores, food and beverages, and clothes all increased by or nearly 0.5%<\/p>

On the other hand, sales at gasoline stations were down 4.2%, and excluding gasoline stations, sales rose 0.8%. Core retail sales which exclude automobiles, gasoline, building materials and food services, were unchanged.<\/p>

Another contributing factor to the move in the greenback is Initial jobless claims. Initial jobless claims come in stronger than expected at 213,000 against 226,000 estimated.<\/p>

Also, the prior Initial jobless claims weeks number of 222,000 was also revised to 218,000. Making the 4-week moving average 224,000 vs. 232,000 revised.<\/p>

Continuing claims came in at 1.403 million vs. 1.475 million estimates. The prior week was revised down to 1.401 million from 1.473 million previously reported. The 4-week moving average 1.413 million vs 1.421 million last week.<\/p>

On the flipside, US Industrial production came in at -0.2%, while the prior was +0.6% which was revised to +0.5%. Sorry worry as this is the worst reading since late 2021.<\/p>

Other highlights inside the report showed that Capacity utilization 80.0% vs 80.3% expected and Manufacturing output +0.1% vs 0.0% expected. The prior output reading came in at +0.7%.<\/p>\t\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t","protected":false},"excerpt":{"rendered":"

The US dollar currency is edging lower after the US retail report came in better than expected, however, some negative revisions were seen to the previous months reading. So far, the implied odds of a 100 bps Fed hike are down to 21% from 35% yesterday, indicating that the market is once again repricing the […]<\/p>\n","protected":false},"author":3,"featured_media":16416,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":[],"categories":[2],"tags":[42,67,199],"yoast_head":"\nMarket Wrap - Dollar Slides After Retail Report - Youtrading UK<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/youtrading.com\/en\/market-wrap-dollar-slides-after-retail-report\/\" \/>\n<meta property=\"og:locale\" content=\"en_GB\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Market Wrap - Dollar Slides After Retail Report Market Wrap - Dollar Slides After Retail Report\" \/>\n<meta property=\"og:description\" content=\"The US dollar currency is edging lower after the US retail report came in better than expected, however, some negative revisions were seen to the previous months reading.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/youtrading.com\/en\/market-wrap-dollar-slides-after-retail-report\/\" \/>\n<meta property=\"og:site_name\" content=\"Youtrading UK\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/YouTradingEnglish\/\" \/>\n<meta property=\"article:published_time\" content=\"2022-09-15T15:10:00+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-09-16T23:04:25+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/youtrading.com\/en\/wp-content\/uploads\/2021\/10\/GettyImages-488850737-1-1.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1200\" \/>\n\t<meta property=\"og:image:height\" content=\"664\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Joel Frank\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:title\" content=\"Market Wrap - Dollar Slides After Retail Report Market Wrap - Dollar Slides After Retail Report\" \/>\n<meta name=\"twitter:description\" content=\"The US dollar currency is edging lower after the US retail report came in better than expected, however, some negative revisions were seen to the previous months reading.\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Joel Frank\" \/>\n\t<meta name=\"twitter:label2\" content=\"Estimated reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/youtrading.com\/en\/market-wrap-dollar-slides-after-retail-report\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/youtrading.com\/en\/market-wrap-dollar-slides-after-retail-report\/\"},\"author\":{\"name\":\"Joel Frank\",\"@id\":\"https:\/\/youtrading.com\/en\/#\/schema\/person\/ac77fbbe0e8ed23d3dce1372e3663b96\"},\"headline\":\"Market Wrap – Dollar Slides After Retail Report\",\"datePublished\":\"2022-09-15T15:10:00+00:00\",\"dateModified\":\"2022-09-16T23:04:25+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/youtrading.com\/en\/market-wrap-dollar-slides-after-retail-report\/\"},\"wordCount\":289,\"publisher\":{\"@id\":\"https:\/\/youtrading.com\/en\/#organization\"},\"keywords\":[\"Fed\",\"US Dollar\",\"US Retail Sales\"],\"articleSection\":[\"Markets\"],\"inLanguage\":\"en-GB\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/youtrading.com\/en\/market-wrap-dollar-slides-after-retail-report\/\",\"url\":\"https:\/\/youtrading.com\/en\/market-wrap-dollar-slides-after-retail-report\/\",\"name\":\"Market Wrap - Dollar Slides After Retail Report - Youtrading UK\",\"isPartOf\":{\"@id\":\"https:\/\/youtrading.com\/en\/#website\"},\"datePublished\":\"2022-09-15T15:10:00+00:00\",\"dateModified\":\"2022-09-16T23:04:25+00:00\",\"breadcrumb\":{\"@id\":\"https:\/\/youtrading.com\/en\/market-wrap-dollar-slides-after-retail-report\/#breadcrumb\"},\"inLanguage\":\"en-GB\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/youtrading.com\/en\/market-wrap-dollar-slides-after-retail-report\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/youtrading.com\/en\/market-wrap-dollar-slides-after-retail-report\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/youtrading.com\/en\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Market Wrap – Dollar Slides After Retail Report\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/youtrading.com\/en\/#website\",\"url\":\"https:\/\/youtrading.com\/en\/\",\"name\":\"Youtrading UK\",\"description\":\"Leaders in Trader Training\",\"publisher\":{\"@id\":\"https:\/\/youtrading.com\/en\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/youtrading.com\/en\/?s={search_term_string}\"},\"query-input\":\"required name=search_term_string\"}],\"inLanguage\":\"en-GB\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/youtrading.com\/en\/#organization\",\"name\":\"YouTrading\",\"url\":\"https:\/\/youtrading.com\/en\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-GB\",\"@id\":\"https:\/\/youtrading.com\/en\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/youtrading.com\/en\/wp-content\/uploads\/2020\/12\/Logo-Youtrading-2020_preto.svg\",\"contentUrl\":\"https:\/\/youtrading.com\/en\/wp-content\/uploads\/2020\/12\/Logo-Youtrading-2020_preto.svg\",\"width\":2531,\"height\":570,\"caption\":\"YouTrading\"},\"image\":{\"@id\":\"https:\/\/youtrading.com\/en\/#\/schema\/logo\/image\/\"},\"sameAs\":[\"https:\/\/www.facebook.com\/YouTradingEnglish\/\",\"https:\/\/www.instagram.com\/youtrading_english\/\",\"https:\/\/www.youtube.com\/channel\/UCc22BNolZpSd33lXc8utUvg\"]},{\"@type\":\"Person\",\"@id\":\"https:\/\/youtrading.com\/en\/#\/schema\/person\/ac77fbbe0e8ed23d3dce1372e3663b96\",\"name\":\"Joel Frank\",\"description\":\"Joel Frank is an economics graduate from the University of Birmingham and has worked as a full-time financial market analyst, specialising in the coverage of how developments in the global economy impact financial asset classes such as FX, equities, bonds, and commodities. Joel also takes a keen interest in technical analysis.\",\"url\":\"https:\/\/youtrading.com\/en\/author\/joelfrank\/\"}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"Market Wrap - Dollar Slides After Retail Report - Youtrading UK","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/youtrading.com\/en\/market-wrap-dollar-slides-after-retail-report\/","og_locale":"en_GB","og_type":"article","og_title":"Market Wrap - Dollar Slides After Retail Report Market Wrap - Dollar Slides After Retail Report","og_description":"The US dollar currency is edging lower after the US retail report came in better than expected, however, some negative revisions were seen to the previous months reading.","og_url":"https:\/\/youtrading.com\/en\/market-wrap-dollar-slides-after-retail-report\/","og_site_name":"Youtrading UK","article_publisher":"https:\/\/www.facebook.com\/YouTradingEnglish\/","article_published_time":"2022-09-15T15:10:00+00:00","article_modified_time":"2022-09-16T23:04:25+00:00","og_image":[{"width":1200,"height":664,"url":"https:\/\/youtrading.com\/en\/wp-content\/uploads\/2021\/10\/GettyImages-488850737-1-1.jpg","type":"image\/jpeg"}],"author":"Joel Frank","twitter_card":"summary_large_image","twitter_title":"Market Wrap - Dollar Slides After Retail Report Market Wrap - Dollar Slides After Retail Report","twitter_description":"The US dollar currency is edging lower after the US retail report came in better than expected, however, some negative revisions were seen to the previous months reading.","twitter_misc":{"Written by":"Joel Frank","Estimated reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/youtrading.com\/en\/market-wrap-dollar-slides-after-retail-report\/#article","isPartOf":{"@id":"https:\/\/youtrading.com\/en\/market-wrap-dollar-slides-after-retail-report\/"},"author":{"name":"Joel Frank","@id":"https:\/\/youtrading.com\/en\/#\/schema\/person\/ac77fbbe0e8ed23d3dce1372e3663b96"},"headline":"Market Wrap – Dollar Slides After Retail Report","datePublished":"2022-09-15T15:10:00+00:00","dateModified":"2022-09-16T23:04:25+00:00","mainEntityOfPage":{"@id":"https:\/\/youtrading.com\/en\/market-wrap-dollar-slides-after-retail-report\/"},"wordCount":289,"publisher":{"@id":"https:\/\/youtrading.com\/en\/#organization"},"keywords":["Fed","US Dollar","US Retail Sales"],"articleSection":["Markets"],"inLanguage":"en-GB"},{"@type":"WebPage","@id":"https:\/\/youtrading.com\/en\/market-wrap-dollar-slides-after-retail-report\/","url":"https:\/\/youtrading.com\/en\/market-wrap-dollar-slides-after-retail-report\/","name":"Market Wrap - Dollar Slides After Retail Report - Youtrading UK","isPartOf":{"@id":"https:\/\/youtrading.com\/en\/#website"},"datePublished":"2022-09-15T15:10:00+00:00","dateModified":"2022-09-16T23:04:25+00:00","breadcrumb":{"@id":"https:\/\/youtrading.com\/en\/market-wrap-dollar-slides-after-retail-report\/#breadcrumb"},"inLanguage":"en-GB","potentialAction":[{"@type":"ReadAction","target":["https:\/\/youtrading.com\/en\/market-wrap-dollar-slides-after-retail-report\/"]}]},{"@type":"BreadcrumbList","@id":"https:\/\/youtrading.com\/en\/market-wrap-dollar-slides-after-retail-report\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/youtrading.com\/en\/"},{"@type":"ListItem","position":2,"name":"Market Wrap – Dollar Slides After Retail Report"}]},{"@type":"WebSite","@id":"https:\/\/youtrading.com\/en\/#website","url":"https:\/\/youtrading.com\/en\/","name":"Youtrading UK","description":"Leaders in Trader Training","publisher":{"@id":"https:\/\/youtrading.com\/en\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/youtrading.com\/en\/?s={search_term_string}"},"query-input":"required name=search_term_string"}],"inLanguage":"en-GB"},{"@type":"Organization","@id":"https:\/\/youtrading.com\/en\/#organization","name":"YouTrading","url":"https:\/\/youtrading.com\/en\/","logo":{"@type":"ImageObject","inLanguage":"en-GB","@id":"https:\/\/youtrading.com\/en\/#\/schema\/logo\/image\/","url":"https:\/\/youtrading.com\/en\/wp-content\/uploads\/2020\/12\/Logo-Youtrading-2020_preto.svg","contentUrl":"https:\/\/youtrading.com\/en\/wp-content\/uploads\/2020\/12\/Logo-Youtrading-2020_preto.svg","width":2531,"height":570,"caption":"YouTrading"},"image":{"@id":"https:\/\/youtrading.com\/en\/#\/schema\/logo\/image\/"},"sameAs":["https:\/\/www.facebook.com\/YouTradingEnglish\/","https:\/\/www.instagram.com\/youtrading_english\/","https:\/\/www.youtube.com\/channel\/UCc22BNolZpSd33lXc8utUvg"]},{"@type":"Person","@id":"https:\/\/youtrading.com\/en\/#\/schema\/person\/ac77fbbe0e8ed23d3dce1372e3663b96","name":"Joel Frank","description":"Joel Frank is an economics graduate from the University of Birmingham and has worked as a full-time financial market analyst, specialising in the coverage of how developments in the global economy impact financial asset classes such as FX, equities, bonds, and commodities. Joel also takes a keen interest in technical analysis.","url":"https:\/\/youtrading.com\/en\/author\/joelfrank\/"}]}},"_links":{"self":[{"href":"https:\/\/youtrading.com\/en\/wp-json\/wp\/v2\/posts\/34934"}],"collection":[{"href":"https:\/\/youtrading.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/youtrading.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/youtrading.com\/en\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/youtrading.com\/en\/wp-json\/wp\/v2\/comments?post=34934"}],"version-history":[{"count":0,"href":"https:\/\/youtrading.com\/en\/wp-json\/wp\/v2\/posts\/34934\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/youtrading.com\/en\/wp-json\/wp\/v2\/media\/16416"}],"wp:attachment":[{"href":"https:\/\/youtrading.com\/en\/wp-json\/wp\/v2\/media?parent=34934"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/youtrading.com\/en\/wp-json\/wp\/v2\/categories?post=34934"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/youtrading.com\/en\/wp-json\/wp\/v2\/tags?post=34934"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}