US Retail Sales will be out on October 15 at 15:30 MetaTrader time (GMT+3).
All attention to USD
US ISM Manufacturing PMI is coming out on Thursday at 17:00 MT time! Be ready!
Instruments to trade: EUR/USD, USD/CAD, USD/JPY, GBP/USD
This report is considerably significant both for the US dollar and the whole Forex market as the USD is a part of many pairs. Manufacturing PMI reveals the current state of the business environment in the United States. In general, this is the survey of 300 purchasing managers, which depicts how they rate ongoing business conditions. The indicator above 50 demonstrates the expansion of the industry, while the indicator below 50 signals the contraction. Moreover, this report will give a hint of what Friday’s NFP may be like.
- If US ISM Manufacturing PMI is better than estimates, the USD will rise!
- If US ISM Manufacturing PMI is worse than estimates, the USD will drop!
The crypto market keeps recovering. Bitcoin has broken above $57,000. The way up to $60,000 is open now!
The US Inflation Rate (CPI) will be announced on Wednesday, October 13, at 15:30 MT (GMT+3). Traders eagerly await this event as it will impact the USD and thus the vast majority of currency pairs in the Forex market.
Great Britain will publish the Inflation Rate on October 20, at 09:00 MT time (GMT+3).
The bullish movement in the stock market is gaining speed, and Bitcoin ETFs are closer than they might seem. What do we need to know for the next trading week?
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.