The United States will release the weekly Unemployment Claims on October 21, at 15:30 MT time (GMT+3).
A block of the key US statistics
The United States will make two important data releases at 15:30 MT time on September 27. The first indicator, durable goods orders, is a leading indicator of American production. It reflects the change in the total value of new purchase orders placed by manufacturers for durable goods. The higher the indicator’s growth, the better for the USD. The last time this indicator was released, it disappointed traders. It turned out that the demand for long-lasting goods produced by US factories fell in July because of a decline in aircraft sales. Naturally, the market will now be eager to see whether the situation has improved or not. The second event is the third and the final release of American GDP growth for the second quarter. According to the previous estimate of the US economic growth, the nation’s economy is performing at its best in nearly four years. A confirmation of that will be bullish for USD.
• If the data is greater than the forecast, the USD will rise.
• If the data is weaker than the forecast, the USD will fall.
The Fed is ready to start tapering in November. Since the markets were expecting this and it wasn’t a surprise, the USD slumped allowing risk-on currencies and gold to rally up.
US Retail Sales will be out on October 15 at 15:30 MetaTrader time (GMT+3).
Last week was full of surprises! Stock indices have shown significant growth…
The US dollar is heading to close the seventh day in the red as it remains under selling pressure. The US data at 15:30 GMT+3 (jobless claims and Philly Fed Manufacturing Index) may support the greenback if it's strong.
Canada will publish the Retail Sales and Core Retail Sales on October 22, at 15:30 MT time (GMT+3).