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German retail sales fall much more than forecast- EUR/USD yet to react
German retail sales fell by a revised 0.1% in November. They were expected to improve ever so slightly last month, but not by anything of real note. Sales were forecast to flat line in December. Well, that data has just been released and it has shown that German December retail sales fell by 1.6% and that is quite a miss. The EUR/USD has not reacted much to this data, but it truth it really ought to. More German data will follow later this morning. The January unemployment report is also on the radar, at 8.55am GMT. The markets are expecting payrolls to fall by around 15k, from a prior drop of 10k in December. The EUR/USD is right now at 1.0393
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