Today's Focus on US Retail Sales

16 April, 2018

Today's Focus on US Retail Sales

At 12:30 GMT, US Retail Sales (MoM) (Mar) will be released, with an expected 0.4% from -0.1% previously. Retail Sales Ex-Autos (MoM) (Mar) is expected to be unchanged at 0.2. Retail Sales Control Group (Mar) is expected to be 0.4% from 0.1% prior. This data is expected to rebound this month, after slipping down over the previous two readings and missing expectations. A miss this time would give the market cause for concern. USD crosses could see increased volatility around this data release.

At 17:15 GMT, FOMC Member Bostic is due to speak about the economy at the Shoals Chamber of Commerce, in Alabama. Audience questions are expected and comments may affect USD pairs.

Major data releases for this week:

On Tuesday, at 01:30 GMT, the Reserve Bank of Australia Meeting Minutes will be published.

At 02:00 GMT, Chinese Gross Domestic Product data will be released.

At 08:30 GMT, UK Average Earnings Excluding Bonus data will be out.

On Wednesday, at 08:30 GMT, UK Consumer Price Index data will be released.

At 09:00 GMT, Eurozone Consumer Price Index data will be out.

At 14:00 GMT, the Bank of Canada Interest Rate Decision, Rate Statement and Monetary Policy Report data will be out. A press conference will follow at 15:15 GMT.

At 22:45 GMT New Zealand Consumer Price Index data will be released.

On Thursday, at 01:30 GMT, Australian Jobs data will be released including the Unemployment Rate.

On Friday, at 12:30 GMT Canadian Retail Sales data and Consumer Price data will be out.


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