The most important events for the following week. What to expect?

The most important events for the following week. What to expect?

2023-05-12 • Updated

The US Retail sales

May 16th, 14:30 GMT+2.

The US Retail sales are published on Tuesday, May 16th.

Economists expect the fact to become +0.7% in April.

According to the Redbook research, consumption in the US is slowing down. The average growth was 1.4%. A month ago, consumption was growing by 3% on average. This is a negative signal.

On the other hand, according to the US Bureau of Labor Statistics, the average hourly earnings in April increased. It means that households have more money to spend.

ISM Manufacturing Prices in April increased, while non-Manufacturing prices remained almost at the same level. This is also a signal that consumption may become better.

Logically, economists think the Retail Sales Index is better than the previous one.

If Retail sales are released worse than 0.7%, the USD may fall.

Instruments to trade: EURUSD, USDCAD, XAUUSD

European CPI

May 17th, 11:00 GMT+2.

The European inflation is published on Wednesday, May 17th.

Eurozone consumer inflation expectation dropped to 15.1% (by 370 bp).

The European retail sales in March started falling – consumption is slowing down.

Oil price in April was falling. As a result, we may expect the CPI fact to be lower than the forecast.  In this case, EURUSD may reverse and start dipping.

Instruments to trade: EURUSD, EURAUD, EURNZD

The US Existing home sales (April)

May 18th, 16:00 GMT+2.

The mortgage rate in the US keeps beating its highs. The rate is at 6.5%. The absolute maximum was fixed in October 2022 at 7.16%.

Mortgage applications in April were slowing down (according to Mortgage Bankers Association).

New home sales grew slightly in March after a substantial drawdown in February.

Existing home sales in April will be lower than in March.

The USD is pricing +4.35M. If the fact is even lower, the US dollar will fall.

Instruments to trade: EURUSD, USDCAD, USDJPY

The Canadian Retail Sales (March)

May 19th, 14:30 GMT+2.

Economists think that retail sales in March will drop by 0.6%. Core retail sales are expected to be at -0.1%.

The preliminary fact of Wholesale Sales in March was -0.4% (almost at 0% level). CPI grew by 0.5% MoM.

The situation in the labor market improved. The unemployment rate decreased to 5% — the more labor force on the market – the more considerable consumption.

We think that economists are too pessimistic about the Retail sales in Canada for March. The fact may be higher than -0.6%. The Canadian dollar may rise.

Instruments to trade: USDCAD, EURCAD, AUDCAD

Trade Now


CAD: Markets Await GDP Release
CAD: Markets Await GDP Release

During the Asian session on Wednesday, the USD/CAD pair rebounded after two days of losses, reaching around 1.3590. This uptick is fueled by a stronger US dollar and lower crude oil prices, which put pressure on the Canadian dollar. The decline in Western Texas Intermediate (WTI) oil prices to approximately $80.70 is attributed to...

Trade of The Week: AUDNZD Trade Breakdown
Trade of The Week: AUDNZD Trade Breakdown

The Australian Dollar (AUD) rebounds on Monday, despite a slight dip in the US Dollar (USD) and higher US Treasury yields. Investors are eyeing Australian monthly Consumer Price Index (CPI) data for February and US Gross Domestic Product (GDP) for Q4 2023. The AUD gains momentum as the ASX 200 Index rises, especially in mining and energy sectors. Additionally, the Aussie...

XAUUSD: Markets Slow Down Ahead of NFP
XAUUSD: Markets Slow Down Ahead of NFP

Gold prices rose on Monday as the US Dollar weakened amidst speculation about potential Federal Reserve rate cuts starting in June. This weakened Dollar was partly due to improved risk sentiment pushing US Treasury yields lower. Despite facing challenges from declining yields, gold prices recovered to nearly $2,170 per troy ounce, driven by the Dollar's weakness. Federal Reserve Chair...

Latest news

USD: Powell Speaks on Cutting Interest Rates
USD: Powell Speaks on Cutting Interest Rates

Jerome H. Powell, the Federal Reserve chair, stated that the central bank can afford to be patient in deciding when to cut interest rates, citing easing inflation and stable economic growth. Powell emphasized the Fed's independence from political influences, particularly relevant as the election season nears. The Fed had raised interest rates to 5.3 ...

WTT: Currency Pairs To Trade In April
WTT: Currency Pairs To Trade In April

Hello again my friends, it’s time for another episode of “What to Trade,” this time, for the month of April. As usual, I present to you some of my most anticipated trade ideas for the month of April, according to my technical analysis style. I therefore encourage you to do your due diligence, as always, and manage your risks appropriately.

Deposit with your local payment systems

Data collection notice

FBS maintains a record of your data to run this website. By pressing the “Accept” button, you agree to our Privacy policy.


A manager will call you shortly.

Change number

Your request is accepted.

A manager will call you shortly.

Next callback request for this phone number
will be available in

If you have an urgent issue please contact us via
Live chat

Internal error. Please try again later

Don’t waste your time – keep track of how NFP affects the US dollar and profit!

You are using an older version of your browser.

Update it to the latest version or try another one for a safer, more comfortable and productive trading experience.

Safari Chrome Firefox Opera