The US Retail Sales Update
The US Census Bureau will announce Core Retail Sales and Retail Sales on Tuesday, May 17 at 15:30 MT.
How Will USD React to Consumer Sentiment Index?
What will happen?
America will announce prelim UoM consumer sentiment on March 11, at 17:00 MT (GMT+2).
Financial confidence is a leading indicator of consumer spending. This index reflects the overall economic activity. These data are released in two parts 14 days apart – preliminary and revised. The preliminary release is the earlier and thus tends to have the most impact.
Last time the result underperformed the expectations. As a result, AUDUSD gained more than 600 points.
How to trade on Prelim UoM Consumer Sentiment index?
- If the Prelim UoM Consumer Sentiment is greater than forecast, USD is likely to strengthen against other currencies.
- If the Prelim UoM Consumer Sentiment is lower than forecast, USD is likely to weaken against other currencies.
Instruments to trade: USDCAD, USDCHF, GBPUSD
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The US Bureau of Labor Statistics will announce average hourly earnings, nonfarm employment change (NFP), and the unemployment rate on May 6, at 15:30 MT time.
Bank of England Statement: What to Expect
The Bank of England will publish its Monetary Policy Report and Summary, Official Bank Rate, and its votes on May 5 at 14:00 MT.
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What’s New with Australian Unemployment Rate?
The Australian Bureau of Statistics will announce the updated Unemployment Rate and Employment Change data on Thursday, May 19, at 04:30 MT.
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The UK Office for National Statistics will publish Consumer Price Index (CPI) data on Wednesday, May 18, at 09:00 MT.
