Investing.com investing.com 20 Dec, 2020 07:15 am

Market Outlook: Balancing Near-Term Fears With Medium-Term Optimism

Market Outlook: Balancing Near-Term Fears With Medium-Term Optimism
Forex Analysis by Marc Chandler covering: EUR/USD, GBP/USD, USD/JPY, AUD/USD. Read Marc Chandler's latest article on Investing.com

The November US retail sales report's weakness warns of downside risks to the November personal consumption expenditures .1% decline was more than three times larger than economists generally expected, and the retail sales account for less than half of  PCE, which, of course, drives US GDP .Japan reports November employment figures and retail sales.Retail sales essentially recouped the drop in March and April in the following two months and have risen slightly subsequently.

More people working and the lighter social restrictions should help retail sales recover.1% in September, retail sales gained 1.

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