Today's Focus on US Retail Sales

16 April, 2018

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  
Demand for risky assets has risen

The U.S. and China have declared a truce in the trade war, and have agreed not to introduce new tariffs, and try to reach to an agreement in the next 90 days...

The dollar grows on wages data

The US dollar is on the rise after strong U.S. labour market data published on Friday. The EURUSD is traded near 1.1540; it returned to this month lows....

Increased flight from EM currencies

The crises process is intensifying in emerging economies, which also affects their markets and supports the demand for the dollar. S&P 500 lost 0.2% on...

Markets under pressure

Asian markets have been declining for a third consecutive trading session on the fears of the Chinese-U.S. trade tensions escalating. The odds are that...

Markets are optimistic but remain weary

The markets remain on cautious positive mood. MSCI for Asia-Pacific region adds 0.4%, continuing gently recover for the second day in a row. American...

Dollar updates its 14-month highs

The strengthening of financial markets on Tuesday has not been unsustainable and prolonged. Recent shots in the U.S. trade conflicts are: a Chinas claim...

Dollar has a potential of 5% rally

The dollar rewrote 13-months highs on Friday to a basket of six major currencies, adding 0.25% after gaining 0.5% on Thursday. The further growth of...

BoJ cautions keep forex calm

In the currency market, the dollar was under some pressure following the data that indicated a weakening of the inflation in the Eurozone. The slowdown in prices...

Stocks are growing, Bonds under pressure

The situation in the world markets looks controversial. Shares are growing after strong reporting of companies. The shares of Alphabet (#Google) jumped by 3.6% after...

In the past 24 hours Bitcoin has gained 7.78% and reached $3922.256534. Open your trading account with the best cryptocurrency brokers on special terms today.

In the past 7 days the EUR/USD pair has gained 0.311% and is now at $1.1319. Start trading and making money on Forex today.

In the past 7 days Ethereum has gained 19.61% and is now at $144.849434308. Have the most popular cryptocurrencies compared online 24/7.

Top Brokers offering Forex Market Analysis

Forex Currencies Forecasts

Top 10 Forex Brokers 2019

# Broker Review
5FIBO GroupFIBO Group84%
10FP MarketsFP Markets70%