Retail data for the US will be in focus on Tuesday

The USA will publish retail sales and core retail sales on November 17, at 15:30 MT time.

Instruments to trade: EUR/USD, USD/JPY, GBP/USD

In general, the indicators of retail sales demonstrate a change in the total value of sales by consumers and businesses. They help to understand current consumer demand and suggest whether the economy is heading towards expansion or contraction. Traders take into account not only the headline indicator but also the core one. The latter is calculated without volatile automobile sales, making figures more accurate. Based on the data published, we may propose the further destiny of the USD. Last time, both headline (+1.9%) and core (1.5%) indicators outperformed the forecasts. This news pushed the US dollar higher in a short term.

If the indicators are higher than the forecasts, the USD will go up;
In case of an alternative scenario, the USD will fall.

Check the economic calendar

LOG IN

retailers

usd

u.s.

FBS Analyst Team

More by this author

Similar

23.11.2022 12:31 US Dollar Might Get Under Pressure After These Events

Today, two events will shake the US dollar. First, at 16:45 GMT+2, Markit, a statistical company, will release the US Flash Services PMI. Moreover, at 21:00 GMT+2, the Federal Reserve will release its meeting minutes.

21.11.2022 12:11 November 23: Heaven for Day Traders

This Wednesday will be heaven for day traders. A considerable number of events will make the market volatile. Don't miss it!

16.11.2022 12:06 Traders Should Know About These Releases

The G20 summit and the US PPI release gave us a lot of volatility to trade on. Luckily, today’s markets may be even more volatile with new vital releases and geopolitical decisions. The daily news report will surely help you!

Latest news

02.12.2022 11:51 Get Ready for the NFP Release

Good Friday, traders! The markets are frozen ahead of today's NFP release at 15:30 GMT+2…

01.12.2022 14:11 US Dollar Index at a 3-month Low

The USD weakened after Fed Chair Powell hinted at a slowdown of rate hikes, and stocks strengthened. What else is moving the markets today?

30.11.2022 12:07 Soon Bullish Rally for Gold

The winter is coming, and risky markets expect a rally to come with it. Will this December be bullish for stocks, crypto, and gold? A pack of news will surely help you out.

Share with friends: