Release Explanation: Retail sales are a very important set of figures that make up a large percentage of consumer spending numbers. ”Retail sales are the measure of the total sales of goods and services by retail stores. Retail Sales is an important measure of consumer spending and inflationary pressures,” Trade Team members said. Trade Desk Thoughts: German retail sales continued to tumble in March, as the economy slows. Retail sales have fallen by 1.0% compared with an expected number of 0.0%. “The German release shows that consumption is slowing in Europe’s biggest economy, and this will certainly have a drag on the quarterly numbers. From one year ago, German retail sales decreased by 3.1% in nominal terms,” Trade Team members said

Forex Technical Reaction: The euro rose 65 pips during the Sunday session, but the pair shed half of those gains in the late Asian session.