27 March 2014 ~ UK Retail Sales ~ Otherwise A Very Quiet Day

It was not an exciting day for the markets.

* 09:30 UK time saw UK Retail Sales hitting 1.8% as against expectations of only 0.3%. No surprise to see GBP spiking to the upside – but too fast for any human to safely profit from, surely?

* The markets were left with little else to do through to 12:30 UK time whereupon US GDP (Final estimate for Q4’13) came in marginally below expectation; 2.6% annualized. Stale news, though.
Simultaneously US initial jobless claims came in broadly as expected at 311k (Exp 323k). The S&P 500 barely gave a shrug of the shoulders, and I’ll not bother with a video for that reason.

* Later on, US Pending Home Sales fell, -0.8% m/m and disappointing against expectations for 0.1% gain. Poor weather was suggested as a contributing factor, but in any event, the S&P 500 once again couldn’t seem to care less. No justification for a video.

All in all, a forgettable day, so let’s move on to the next.

 

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