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MoM more imporotant or YoY for retail sales EUR

Feb 03 at 19:57
1 ieraksti
Hey guys, I'm new to trading and i've recently been trying to keep up with the economic calendar to understand when a currency will be bullish or bearish. For the EUR/USD, the retail sales statistics will be announced and the consensus for both show opposite behaviour. The YoY shows bullish, where the consensus is -2.8% to -2.7%, while the MoM shows bearish where the consensus is 0.8% to -2.5%. Is one more important than the other, or should I notice the larger drop and take that to be the direction of the currency?

Thank you in advance.
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