We could gain from buying emerging-market currencies such as South African rand, Mexican peso and Brazilian real.
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.
UK Prime Minister was placed in the intensive care. As a result, the British pound plummeted dramatically today.
The US Non-farm payrolls, also known as NFP, will be published on April 3, at 15:30 MT time.
US Fed comes right on time with the crisis support program announcement. How does the stock market react?
Here are the most important topics that will determine the dynamics of currencies, commodities and stocks on Thursday, April 9. N