News | Forex Optimum



German retail sales rose sharply in March

According to provisional results of the Federal Statistical Office (Destatis), the real (price-adjusted) turnover of all retail enterprises in Germany was 7.7% higher and the nominal (not price-adjusted) turnover was 7.4% higher, on a calendar and seasonally adjusted basis, in March 2021 than in February 2021. This was the strongest month-on-month increase in turnover, both in real and in nominal terms, since restrictions had been imposed in March 2020 due to the coronavirus pandemic in Germany. Economists had expected a 3.0% increase the real turnover. In March 2021, the calendar and seasonally adjusted real turnover increased by 4.4% compared with the pre-crisis month of February 2020.

Without calendar and seasonal adjustment, retail turnover in March 2021 increased by 11.0% in real terms and by 12.3% in nominal terms compared with March 2020. This was the strongest year-on-year increase in turnover, both in real and in nominal terms, recorded since the beginning of the time series in 1994. With a total of 27 trading days, however, March 2021 had one more trading day compared to March 2020.

You may also be interested:

13:12 22.10.2021
USD/KRW set to recover towards the recent high of 1200/10 – SocGen
USD/KRW has retracted towards first support of daily Ichimoku cloud near 1165. However, economists at Société Générale expect the pair to rebound towards the 1200/10 region. Bounce expected “Only a break below 1165 will mean a deeper down move.” “A rebound is likely towards recent peak at 1200/1210, the 61.8% retracement from 2020.”  
13:06 22.10.2021
USD/CAD flirts with session lows, below mid-1.2300s ahead of Canadian/US data
USD/CAD witnessed fresh selling on Friday and reversed a major part of the overnight gains. Renewed USD weakness turned out to be a key factor that acted as a headwind for the pair. An uptick in oil prices underpinned the loonie and further contributed to the intraday selling. The USD/CAD pair remained depressed through the first half of the European session and was last seen hovering near the lower boundary of its daily trading range, below mid-1.2300s. The pair struggled to capitalize
12:55 22.10.2021
China's Evergrande: Cannot guarantee will continue to meet financial obligations
The main unit of China Evergrande Group, Hengda Real Estate Group Co, announced on Friday that it has not made substantial progress in disposing of the real-estate giant's assets, as reported by Reuters. The group further noted that it cannot guarantee it will be able to continue to meet the financial obligations under contracts. Market reaction This development doesn't seem to be having a significant impact on market sentiment. As of writing, the Dow Futures were flat on the day
Bonuses VIP