Here you'll find what awaits the market this week, from the CPI release to a possible gold plunge.
Is the GBP vulnerable to the retail data?
Great Britain will release the retail indicators at 11:30 MT time, on February 20.
Instruments to trade: GBP/USD, GBP/JPY, EUR/GBP
The indicator of retail sales shows the monthly change in the value of inflation-adjusted sales at the retail level. It helps to understand how much money consumers spend, that is, how economically active the population is. A higher level of indicator increases the value of domestic currency. Last time the level of retail sales declined by 0.6%. The disappointing release increased concerns over the negative impact of Brexit. As a result, the British pound weakened.
• If the actual level of retail sales is higher than analysts’ expectations, the GBP will rise;
• If the actual level of retail sales is lower than analysts’ expectations, the GBP will fall.
The first week of November promises to be eventful, as we have the Fed meeting, the BOE update, and the NFP release. Read more details here.
Geopolitical factors and inflation remain the main drivers of financial markets. Let’s see how to use that in trading!
A new trading week is coming…
News is always important part of the market. What do we expect today?
What a day was yesterday! Let’s jump right in!