Credit Suisse's collapse is in focus. What are the consequences of this problem? Let's discuss it here.
Big Event for USD: Retail Sales
What will happen?
The US will publish the Retail Sales on January 14, Friday, at 15:30 GMT+2. Notice that there are two versions of this indicator: Core Retail Sales and Retail Sales. What is the difference? The core release excludes auto sales due to their high volatility.
Why is it important?
Retail sales are the primary measure of consumer spending, which accounts for most economic activity in the US. Last time, sales came out worse than analysts expected: 0.3% vs 0.8%.
How to trade on US Retail Sales?
Open the economic calendar a few days before the US Retail Sales release and check the forecast. The USD can rise even before the release, just on expectations for high retail sales and vice versa.
- If the actual sales exceed the forecast, the USD will go up.
- If the actual sales miss the forecast, the USD will go down.
Instruments to trade: all the major pairs and XAU/USD.
Consumer Price Index, Existing Home Sales, US Fed rate decision - all of these things we will discuss in our new review. Don't miss it out!
This week may be the most important since the year started as the Fed assess the economic outlook and the US presents fresh NFP readings.
The news is essential if you want to trade. Don't miss our digest, where we'll tell you about the most interesting events, happening right now.
A new trading week is coming…
News is always important part of the market. What do we expect today?