Wholesale inventories rise 0.3%. Sales rise by 1.2%
The Stockpiles or Sales to Inventory Ratio falls to 1.16 months which is the lowest level since August 2008. This may suggest that inventories will need to be replenished which will raise GDP going forward. The stock market is down 7 points. In theory it should help.
The EURUSD got a boost off the data and tested the 100 bar MA on the 5 minute chart at the 1.4738 (high reached 1.4736) but held. Choppy markets continue.
