The US retail sales are out!
US Core monthly retails sales will be announced on Friday at 15:30 MT time.
Another chance for the USD
The level of retail sales and core retail sales will be out on June 14, at 15:30 MT time.
The indicator of retail sales represents the change in the total value of sales at the retail level. Its core level excludes the sales of autos due to their high volatility. Last time both of the indicators came out lower than the forecasts. The level of retail sales declined to 0.2% (vs. the anticipated increase to 0.2%), while its core level advanced only by 0.1% (vs. the forecast of 0.7%). If this time the situation changes, the USD will rise.
• If the actual levels of indicators are higher than the expectations, the USD will rise;
• If the actual levels of indicators are lower than the expectations, the USD will fall.
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How will the jobs data affect the AUD?
The Australian jobs data is announced on Thursday at 03:30 MT time.
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The market is resilient ahead of the speeches of Fed’s Powell and ECB President Lagarde, but there are still interesting movements.
Uncertainty underpinned USD
The uncertainty over US fiscal stimulus and Brexit, and also rising new virus cases deteriorated the market mood. That’s why we can expect the further rally of the US dollar and the fall of riskier assets today.
US dollar turned up after closing in red yesterday
The market sentiment is mixed, but there are still interesting movements on the market.
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