Today’s US retail sales report could get lost in the shuffle as the market focuses on upside earnings surprises from many marquee US companies. Since earnings season kicked off late last week, most of the big names have beaten the Street’s estimates and are justifying stock prices which many had deemed to be excessive.
Retail sales are expected to fall 2.1% in September after an August pop on cash for clunkers. Ex-autos, they are seen up 0.2%.
Small bids are eyed in the 1.4860/70 area in EUR/USD near-term while offers are seen ahead of the 1.4950 level, where barriers are spotted.
