October 2017 US advance goods trade balance and advance inventory data 28 November 2017

  • Prior -64.1bn

Advance inventory data;

  • Wholesale -0.4% vs 0.4% exp m/m. Prior 0.3%. Revised to 0.1%
  • Retail -0.1% vs -1.0% prior. Revised to -0.9%
  • Retail ex-autos 0.4% vs -0.1% prior

A much bigger deficit than expected and that’s led the dollar lower across the board. USDJPY trades down to 111.15 from 111.22. Bigger moves in EURUSD which has come off the 1.1875 area to test 1.1900.

Ryan Littlestone

Psychedelic chartist extraordinaire. Have your shades ready.
Philosophy: “Don’t be a Dick for a tick”

Read how Ryan got into trading here
Ryan Littlestone

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