The overall market sentiment is risk-on. The S&P 500 index (US 500) is getting close to the all-time high. Oil is recovering quickly from its recent losses.
Pay attention to the important releases for the USD
The United States will release the level of retail sales and core retail sales on May 15, at 15:30 MT time. The indicators represent the change in the total value of sales at the retail level. According to the forecasts, the headline retail sales will advance by 0.2%. As for its core level, which excludes the sales of automobiles, it is expected to increase by 0.7%. Last time the indicators came out better than the forecasts. It pushed the USD up significantly. Will the situation repeat itself this time?
• If the actual levels of indicators are higher than the forecasts, the USD will go up;
• If the actual levels of indicators are lower than the forecasts, the USD will go down.
Today the Fed will make a policy statement at 21:00 GMT+3. This event will affect all the currency pairs with the USD and thus almost the all Forex market!
What will happen? The FOMC statement will be published at 21:00 MT (GMT+3) on Wednesday, July 28…
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