Market updates on September 12
ECB meeting is on the agenda. Will the EUR get weaker?
Is there a chance for the NZD?
New Zealand is going to release the level of quarterly retail sales on August 23, at 1:45 MT time.
The indicator of retail sales shows the change in the total value of sales at the retail level. Traders pay attention to it as it is one of the primary measures of consumer spending. During the previous release, the indicator advanced by 0.7%. The figures came out higher than the expectations of 0.6%. Despite that, the NZD weakened.
• If the level of retail sales is greater than expected, the NZD will go up;
• If the level of retail sales is weaker than expected, the NZD will go down.
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The British pound falls further ahead of the Cabinet meeting
The news that opposition lawmakers plan to stop Boris Johnson to leave the European Union without a deal increased the political uncertainties in the UK.
The market awaits NFP
The level of non-farm payrolls (NFP), also known as non-farm employment change will be published on September 6, at 15:30 MT time.
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Market updates on September 13
The retail sales for the US in focus today
"Buy the rumor - sell the fact" action for USD/TRY
During today's Turkish central bank meeting, the market anticipated a rate cut between 200-300 pips.
Traders await the releases for the USD
The USA will publish the level of retail sales and core retail sales on September 13, at 15:30 MT time.
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