The last two Retail Sales reports out of the US have surprised to the downside and there is reason to believe that Thursday’s report for May will be even more of a wild card than normal. This is because Wal-Mart, by far the largest retailer in the US, has stopped providing monthly sales figures since April and will make economist’s already varied guesstimates even more of a crap-shoot. Eur/Usd is having another attempt at offers into 1.4040/50 as stocks add to their gains. While Cable continues its impressive performance so far today, trying to trip stops above 1.6300
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A small heads-up on Thursday’s Retail sales report
June 9 2009, 9:15pm | Comments »
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GM, Toyota sales tumble
Gm sales fell 29.6 percent in May versus the year ago period, but those sales look robust compared to Toyota. Their sales fell 38.4% from a year ago. Over the prior month though, sales were improved. UPDATE: Chrysler sales fell 47% from year-ago levels.
June 2 2009, 8:53pm | Comments »
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