December 2017 US business inventories data 14 February 2018
- Prior 0.4%
- Sales 0.6% vs 1.4% prior
- Inventory/sales ratio 1.33 months unch
The rise in inventories is good news coming alongside some still good sales numbers. That shows some confidence in future demand. The dollar isn’t really trading on this though as it’s still shuffling about over the CPI data. Still, it’s more decent data and it was only the autos sector that let the side down falling 0.4% in inventories and -0.1% in sales.
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
Philosophy: “Don’t be a Dick for a tick”
Read how Ryan got into trading here
Latest posts by Ryan Littlestone (see all)
- Is USDJPY back in the long-term range, or sucking us all in ahead of the Fed? - September 18, 2019
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- Here’s how to trade the ECB - September 11, 2019