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.

Source link  
Larry Kudlow - chief economic advisor

Yesterday, Larry Kudlow accepted the role of White House Chief Economic Advisor. He immediately targeted China and said that the next step...

EU leaders agree to shore up budget

EU European Council Meetings took place on Friday and EU Council President Donald Tusk made the following comments: EU leaders agreed to spend...

A Terrible Week for the Dollar

The dollar is down 2.2% since the start of this week in what’s come to be the currency’s worst performance in two years, with USDX falling to 88.15 in a...

U.S. Inflation Data in Focus

A quiet week ahead on the data front at first glance but US Inflation on Wednesday will be a major market mover. Market participants will view this data...

USD Bears Return

USD bears returned to the market as the tensions between North Korea and the US have greatly cooled this week. North Korean media reported that North Korea Leader Kim had delayed...

USD Bears

On Wednesday, St. Louis Federal Reserve President Bullard (a non-voting member of the FOMC) stated in an interview that he, is opposed to further U.S. interest rate increases by the Federal...

Oil & GBP slide lower

Oil continues to be under “over supply” pressure resulting in prices dipping to 7 month lows. Yesterday Oil suffered a 2% drop as the increased supply...

Brexit Negotiations to be Triggered

Although Theresa May has stated before no deal is better than a bad deal, Chancellor said on Sunday that...

Markets mixed following averted shutdown

Global equities rose with U.S. futures, fixed income retreated...