U.S. Retail Sales rose in April, adding to the already positive sentiment of the currently strong USD.
Monday’s retail sales release showed an increase of .1% in April that followed a .5% drop in March.
“Consumers should benefit as the stock market and home prices continue to go up and we see more job gains,” Ward McCarthy, chief financial economist at Jefferies Group said before the retail sales report. “As the year goes on, people are going to have a happier view of the world. The economy will continue to improve.” (Bloomberg)
Other U.S. improvements recently were seen in a drop in the unemployment rate. There is now a 7.5% unemployment rate in the U.S. Also, last Thursday’s U.S. unemployment figures were released at 323K, the lowest figure since 2008.
Winner’s Edge Trading, as seen on: