Sales in the U.S. grew in line with expectations, easy correction remains

Retail sales in the U.S. rose in August at 0.4%, the Commerce Department said the country. The consensus forecast had expected growth on 0,3-0,4%%, so that statistics are not gone beyond expectations and, fortunately, did not follow a very negative trend of the day began. A month earlier an increase of 0,3%, and before that was two months have been significantly reduced. At the same time, the core index of retail sales, despite the revision to 0.1% in July from 0,2% showed a significant increment in August of 0,6%. This statistic is fueling the forces of dollar bulls after a very bad start of the day for Americans.
At the auctions in Europe, notably the dollar sags against the yen and touched parity with the Swiss franc. Parity he could not keep, but the Canadian dollar on the growth of demand in the U.S. receives impetus to growth. Earlier data on the balance of trade in Canada, we saw how bad effect on foreign trade of the country's slowdown in the U.S.. However, seeing positive momentum, investors became more optimistic, storming 1.0250, rewriting at least for the sixth trading day in a row. This is a good sign of optimism for the currency, although the current newsletter background could hardly be expected to penetrate the lower boundary of the corridor in the vicinity of 1.0150, where the couple is from May. For further downward movement needs a strong reason, such as a powerful wave of buying oil, while the hotel is located close to its average level for the year (200-day MA). At the same time maintained the mood for an accurate correction for the stock indexes held in September, growth, and falling to 17 VIX reflects the drop in volatility in the markets that can not long persist.

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