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US: Retail Sales rose by 0.4% MoM in October

  • Retail Sales expanded more than estimated.
  • Retail Sales Control Group contracted by 0.1% MoM.

The US Census Bureau reported that Retail Sales expanded by 0.4% in October vs. the previous month, surpassing expectations for a 0.3% gain and coming down from September’s 0.8% increase.

Additionally, the Retail Sales Control Group contracted at a monthly pace of 0.1%, from the previous 1.2% advance, and Retail Sales excluding Autos increased below consensus by 0.1% MoM.

GBP/USD: Steadies after mild technical rebound from Thursday’s low – Scotiabank

This morning’s round of UK data was broadly weaker than forecast—Industrial Production fell 0.5% in September as manufacturing slumped, Scotiabank’s Chief FX Strategist Shaun Osborne notes.
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EUR/JPY Price Prediction: Threatening to reverse the trend and extend its decline

EUR/JPY is threatening to reverse its medium-term uptrend and begin a new downtrend.
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