Impact of Core Retail Sales and Retail Sales Data on XAUUSD Pair – 18-7-23

In the world of forex trading, understanding the impact of economic indicators on currency pairs is crucial for making informed trading decisions. One such indicator is the retail sales data, which provides insights into the overall health of an economy. In this blog post, we will delve into the impact of core retail sales and retail sales data on the XAUUSD pair for the date 18-07-23.

  • Retail sales represent a key macroeconomic metric that tracks consumer demand for finished goods.
  • Consumer purchases of durable and non-durable goods are compiled in a report.
  • The retail sales report helps analysts and investors gauge the health of the economy and any inflationary pressures that may exist.
  • Data is gathered by the U.S. Census Bureau and includes sales from 13 types of food service and retail stores.
  • An accurate measure of retail sales is vital for gauging the economic health of the U.S. because consumer spending accounts for two-thirds of the gross domestic product.

What is Core Retail Sales?

Core Retail Sales refers to the total sales made by retailers, excluding the sales of automobiles and gasoline. This metric is considered a more accurate reflection of consumer spending patterns as it eliminates the volatility caused by fluctuations in vehicle sales and fuel prices. Core Retail Sales data is a key component in determining the performance of the retail sector and understanding the overall strength of consumer demand.

What is Retail Sales Data?

On the other hand, Retail Sales Data encompasses all sales made by retailers, including automobiles and gasoline. It provides a broader view of consumer spending, covering a wide range of products and services. Retail Sales Data is often used to gauge the overall health of the economy since it reflects the purchasing power and confidence of consumers.

Impact of Core Retail Sales on XAUUSD Pair:

The relationship between core retail sales and the XAUUSD pair can be complex. Generally, an increase in core retail sales indicates a strong economy, which can lead to a stronger US dollar. A stronger dollar, in turn, can put pressure on the price of gold, causing it to decrease. Conversely, a decrease in core retail sales may lead to a weaker dollar and a potential increase in the price of gold.

Impact of Retail Sales Data on XAUUSD Pair:

While core retail sales provide a more accurate representation of consumer spending, it is also important to consider the impact of overall retail sales data on the XAUUSD pair. Retail sales data that includes the automotive sector can be highly influential, as it reflects not only consumer spending but also the overall health of the manufacturing sector. A positive retail sales report, indicating strong consumer spending, may lead to a stronger dollar and potentially lower gold prices.

Forecast for July 18, 2023:

On July 18, 2023, analysts and traders will be eagerly awaiting the release of the Core Retail Sales and Retail Sales data. The forecast for this day will provide an estimation of the expected performance of the retail sector and its potential impact on the XAUUSD pair.

It is important to note that forecasts are based on various factors such as historical data, economic trends, and market expectations. However, they are not guaranteed to be accurate and can be influenced by unforeseen events or changes in market conditions.


In conclusion, understanding the impact of economic indicators such as core retail sales and retail sales data on the XAUUSD pair is essential for forex traders. These indicators provide insights into consumer spending and the overall health of an economy, which can impact the value of gold and the US dollar. By staying informed about these factors, traders can make more informed trading decisions and potentially capitalize on market opportunities.

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