AUD in focus of traders
The Australian unemployment rate will be released on August 13 at 4:30 MT time!
Retail data for the US: down again?
The US will publish headline and core retail sales at 15:30 MT time on May 15.
Instruments to trade: EUR/USD, USD/JPY, USD/CHF
While the headline retail sales show the total value, the core indicator excludes sales of automobiles due to their volatility. Based on their data, we may judge the economic activity of a country and the level of consumer spending. During the previous release, both indicators fell significantly. The headline one declined by -8.7% (vs. -8% expected). The core indicator surprised traders positively, though, if we may call it "positive". The indicator fell by "just" -4.5% (vs. the forecast of -4.9%). The pandemic hit US retailers hard as well as the US dollar. The greenback fell to the red zone on the release.Will we see a different outcome this time? There is a little chance that we do, but if that happens the US dollar will be a winner. Remember the simple rules:
• if the actual levels of indicators are higher than the forecasts, the USD will rise;
• if the actual levels of indicators are worse than the forecasts, the USD will fall.
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Main market movements on August 11
The market sentiment improved after the USA reported some decreasing in coronavirus hospitalizations. Gold dropped below $2 000 and the US dollar dipped down, while stocks surged. Let’s have a closer look.
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Eyes on US retail sales
Follow the report on August 14 at 15:30 MT time!
Main market movements on August 13
The market sentiment switched to risk-on. The US dollar is dipping down, while riskier assets are rising, especially the Australian dollar after the positive employment data. All eyes on US unemployment claims.
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Everyone is talking about a stock split of Tesla. What is it?
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