The USA will post Retail Sales and Core Retail Sales on May 14, at 15:30 MT time.
All eyes on US retail sales
What will happen?
US retail sales will be out on Thursday, April 15, at 15:30 MT. It is a significant release for traders as it will impact the US dollar – the most traded currency in the Forex market! Retail sales are the primary measure of consumer spending, which, in turn, reveals the overall economic activity. The last report showed US retail sales dropped by 3.0% in February, falling short of analysts’ expectations of -0.5%. It was the biggest decline since a record drop in April of 2020. However, things are getting better in the USA as more and more people are getting vaccines, and restrictions are easing. Thus, maybe this time the numbers are encouraging.
How to trade on US Retail sales?
What you need to do is just compare the actual numbers with the forecasted, which you can check on our economic calendar. And then,
- if US retail sales are better than expected, the USD will surge;
- if worse – the USD will fall.
Instruments to trade: EUR/USD, GBP/USD, AUD/USD, USD/CAD
The main focus of traders will be on US inflation at 15:30 GMT+3. Analysts expect the huge spike of the US inflation.
The United States will release the weekly Initial Jobless Claims on May 13, at 15:30 MT time
Coinbase dropped as Elon Musk crashed Bitcoin. Is it a good time to buy the dips or should you wait a little longer? Let's try to find out!
The US Fed will share the Meeting Minutes on May 19, at 21:00 GMT+3.
What's moving markets on Friday? Read in the fresh report!