{"id":78173,"date":"2024-03-14T11:27:22","date_gmt":"2024-03-14T09:27:22","guid":{"rendered":"https:\/\/ironfx-com-php8.wp-dev.int.theitops.net\/?p=78173"},"modified":"2025-12-11T16:27:39","modified_gmt":"2025-12-11T14:27:39","slug":"us-retail-sales-rate-and-ppi-due-out-today","status":"publish","type":"post","link":"https:\/\/www.ironfx-cn.com\/nl\/us-retail-sales-rate-and-ppi-due-out-today\/","title":{"rendered":"US Retail sales rate and PPI due out today"},"content":{"rendered":"<p>The release of the US retail sales for February is expected to showcase the resilience of the average US consumer as it is expected to escape negative territory and accelerate to 0.8% month on month. Similarly, also the core rate is expected to accelerate from -0.6% to 0.5%, also escaping negative territory,\u00a0 thus implying that the average US consumer has the ability and willingness to spend more in the US economy which could be contributing to its recovery. Should the rates accelerate as expected or even more we may see the USD getting some support and vice versa. Furthermore, we also highlight the release of the US PPI rates for February, and should the rates come in as expected or higher, they may support the notion of a persistence of inflationary pressures in the US economy from a producers\u2019 standpoint, that may be rolled over to consumers at a future stage. The US EIA weekly crude oil inventories figure came in much lower than what was expected by market participants, as such the drawdown in inventories rather than an increase, , may have implied that demand may be exceeding supply and as such may have contributed to a slight boost in oil prices. According to various media sources the acting head of Europe\u2019s aviation regulator stated on Wednesday that the agency could halt its indirect approval of Boeing\u2019s (#BA) jet production if warranted but feels \u201cre-assured\u201d that Boeing is tackling its latest safety crisis. Nonetheless, the comments made could add to the negative coverage surrounding the troubled plane maker and as such could potentially weigh on the company\u2019s stock price.<\/p>\n\n\n\n<figure class=\"wp-block-embed is-type-video is-provider-youtube wp-block-embed-youtube wp-embed-aspect-16-9 wp-has-aspect-ratio\"><div class=\"wp-block-embed__wrapper\">\n<iframe title=\"US retail sales and PPI rate to catch market&#039;s attention\" width=\"750\" height=\"422\" src=\"https:\/\/www.youtube.com\/embed\/9BrseNDo9UQ?feature=oembed\" frameborder=\"0\" allow=\"accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share\" allowfullscreen><\/iframe>\n<\/div><\/figure>\n\n\n\n<p>USD\/JPY appears to be moving in a sideways fashion. We maintain our sideways bias and supporting our case is the continued narrowing of the Bollinger bands implying low market volatility in addition to the RSI indicator below our chart which currently registers a figure near 50, implying a neutral market sentiment. For our sideways bias to continue, we would like to see the pair remain confined between the 146.65 (S1) support level and the 148.40 (R1) resistance line. On the other hand, for a bearish outlook to occur, we would require a clear break below the 146.65 (S1) support level, with the next possible target for the bears being the 144.40 (S2) support base. Lastly, for a bullish outlook, we would require a clear break above the 148.40 (R1) resistance line, with the next possible target for the bulls being the 150.35 (R2) resistance ceiling.<\/p>\n\n\n\n<p>US100 appears to be moving in an upwards fashion, having formed an upwards moving channel which has been guiding the index since the 5<sup>th<\/sup> of January. Nonetheless, the index appears to be on the cusp of breaking the aforementioned channel and as such may imply that the indexes\u2019 bullish momentum may be waning. Nonetheless, we maintain a bullish outlook for the index and supporting our case is the aforementioned channel in addition to the Bollinger bands which appear to be tilted to the upside, thus implying bullish tendencies. For our bullish outlook to continue, we would require a clear break above the 18300 (R1) resistance level, with the next possible target for the bulls being the 19000 (R2) resistance line. On the other hand, for a sideways bias we would like to see the index remain confined between the 17500 (S1) support level and the 18300 (R1) resistance line. Lastly, for a bearish outlook we would like to see a clear break the 17500 (S1) support level, with the next possible target for the bears being the 16700 (S2) support line.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-other-highlights-for-the-day\"><strong>Other highlights for the day:<\/strong><\/h2>\n\n\n\n<p>Today in the European session, we note the release of Sweden\u2019s CPI rate for February and in the American session we note the US weekly initial jobless claims figure, PPI Machine manufacturing figure for February and the US retail sales rate for the same month, Canada\u2019s manufacturing sales rate for January and ending off the day is New Zealand\u2019s Manufacturing PMI figure for February. On a monetary front, we note the speeches by Riksbank First Deputy Governor Breman, ECB board member Elderson, ECB board member Schnabel, ECB Governing council member Knot and ECB Vice President De Guindos.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-usd-jpy-h4-chart\"><strong>USD\/JPY H4 Chart<\/strong><\/h2>\n\n\n\n<figure class=\"wp-block-image size-full\"><img fetchpriority=\"high\" decoding=\"async\" width=\"976\" height=\"457\" src=\"\/wp-content\/uploads\/2024\/03\/image-65.png\" alt=\"support at one four six point six five and resistance at one four eight point four zero, direction sideways  \" class=\"wp-image-78174\" title=\"usd-jpy-four-hour-chart\"\/><\/figure>\n\n\n\n<p>Support: 146.55 (S1), 144.40 (S2), 141.90 (S3)<\/p>\n\n\n\n<p>Resistance: 148.40 (R1), 150.35 (R2), 151.95 (R3) <\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-us100-daily-chart\"><strong>US100 Daily Chart<\/strong><\/h2>\n\n\n\n<figure class=\"wp-block-image size-full\"><img decoding=\"async\" width=\"976\" height=\"457\" src=\"\/wp-content\/uploads\/2024\/03\/image-66.png\" alt=\"support at  one seven five zero zero and resistance at one eight three zero zero zero, direction upwards  \" class=\"wp-image-78175\" title=\"us100-cash-daily -chart\"\/><\/figure>\n\n\n\n<p>Support: 17500 (S1), 16700 (S2), 15800 (S3)<\/p>\n\n\n\n<p>Resistance: 18300 (R1), 19000 (R2), 19700 (R3) <\/p>\n\n\n\n<figure class=\"wp-block-image size-full\"><img decoding=\"async\" width=\"1981\" height=\"481\" src=\"\/wp-content\/uploads\/2024\/03\/image-67.png\" alt=\"\" class=\"wp-image-78176\" title=\"benchmark-14-03-2024\"\/><\/figure>\n\n\n\n<figure class=\"wp-block-image size-full\"><img loading=\"lazy\" decoding=\"async\" width=\"998\" height=\"562\" src=\"\/wp-content\/uploads\/2024\/03\/image-69.png\" alt=\"\" class=\"wp-image-78178\" title=\"table-14-03-2024\"\/><\/figure>\n\n\n\n<figure class=\"wp-block-image size-full\"><img loading=\"lazy\" decoding=\"async\" width=\"1173\" height=\"1131\" src=\"\/wp-content\/uploads\/2024\/03\/image-68.png\" alt=\"\" class=\"wp-image-78177\" title=\"morning-releases-14-03-2024\"\/><\/figure>\n\n\n\n<p class=\"translation-block\">If you have any general queries or comments relating to this article please send an email directly to our Research team at <a href=\"mailto:research_team@ironfx.com\" target=\"_self\">research_team@ironfx.com<\/a><\/p>\n\n\n\n<p>Disclaimer:<br>This information is not considered as investment advice or an investment recommendation, but instead a marketing communication. IronFX is not responsible for any data or information provided by third parties referenced, or hyperlinked, in this communication.<\/p>","protected":false},"excerpt":{"rendered":"<p>The release of the US retail sales for February is expected to showcase the resilience of the average US consumer<\/p>","protected":false},"author":15,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[1],"tags":[],"class_list":["post-78173","post","type-post","status-publish","format-standard","hentry","category-uncategorized","blog-category-financial-news","entry"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.3 (Yoast SEO v27.3) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>US Retail Sales and PPI Expected to Move Markets<\/title>\n<meta name=\"description\" content=\"US Retail Sales and PPI data may boost the USD as consumer strength and inflation trends shape market expectations.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.ironfx.com\/nl\/wp-json\/wp\/v2\/posts\/78173\/\" \/>\n<meta property=\"og:locale\" content=\"nl_NL\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"US Retail sales rate and PPI due out today\" \/>\n<meta property=\"og:description\" content=\"US Retail Sales and PPI data may boost the USD as consumer strength and inflation trends shape market expectations.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.ironfx-cn.com\/nl\/us-retail-sales-rate-and-ppi-due-out-today\/\" \/>\n<meta property=\"og:site_name\" content=\"Complete Turnkey Introducing Brokers (IB) Solution at IronFX\" \/>\n<meta property=\"article:published_time\" content=\"2024-03-14T09:27:22+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2025-12-11T14:27:39+00:00\" \/>\n<meta name=\"author\" content=\"IronFX Team\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.ironfx-cn.com\\\/nl\\\/us-retail-sales-rate-and-ppi-due-out-today\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.ironfx-cn.com\\\/nl\\\/us-retail-sales-rate-and-ppi-due-out-today\\\/\"},\"author\":{\"name\":\"IronFX Team\",\"@id\":\"https:\\\/\\\/www.ironfx-cn.com\\\/nl\\\/#\\\/schema\\\/person\\\/6727476356d10030d1564b38f6e699b1\"},\"headline\":\"US Retail sales rate and PPI due out today\",\"datePublished\":\"2024-03-14T09:27:22+00:00\",\"dateModified\":\"2025-12-11T14:27:39+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.ironfx-cn.com\\\/nl\\\/us-retail-sales-rate-and-ppi-due-out-today\\\/\"},\"wordCount\":789,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\\\/\\\/www.ironfx-cn.com\\\/nl\\\/#organization\"},\"articleSection\":[\"Uncategorized\"],\"inLanguage\":\"nl-NL\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.ironfx-cn.com\\\/nl\\\/us-retail-sales-rate-and-ppi-due-out-today\\\/\",\"url\":\"https:\\\/\\\/www.ironfx-cn.com\\\/nl\\\/us-retail-sales-rate-and-ppi-due-out-today\\\/\",\"name\":\"US Retail Sales and PPI Expected to Move Markets\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.ironfx-cn.com\\\/nl\\\/#website\"},\"datePublished\":\"2024-03-14T09:27:22+00:00\",\"dateModified\":\"2025-12-11T14:27:39+00:00\",\"description\":\"US Retail Sales and PPI data may boost the USD as consumer strength and inflation trends shape market expectations.\",\"breadcrumb\":{\"@id\":\"https:\\\/\\\/www.ironfx-cn.com\\\/nl\\\/us-retail-sales-rate-and-ppi-due-out-today\\\/#breadcrumb\"},\"inLanguage\":\"nl-NL\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\\\/\\\/www.ironfx-cn.com\\\/nl\\\/us-retail-sales-rate-and-ppi-due-out-today\\\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\\\/\\\/www.ironfx-cn.com\\\/nl\\\/us-retail-sales-rate-and-ppi-due-out-today\\\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\\\/\\\/www.ironfx-cn.com\\\/nl\\\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"US Retail sales rate and PPI due out today\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\\\/\\\/www.ironfx-cn.com\\\/nl\\\/#website\",\"url\":\"https:\\\/\\\/www.ironfx-cn.com\\\/nl\\\/\",\"name\":\"Complete Turnkey Introducing Brokers (IB) Solution at IronFX\",\"description\":\"&quot;Our Introducing Brokers program offers competitive conditions tailored to our partners&#039; needs. 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