First NFP in 2022 Can Rock the Markets
The US will reveal Non-farm payrolls on January 7, Friday, at 15:30 GMT+2 (MetaTrader time).
Retail sales may strengthen the USD
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.
Similar
Big Event for USD: Retail Sales
The US will publish the Retail Sales on January 14, Friday, at 15:30 GMT+2.
US Producer Price Index Will Impact USD
The US will reveal the Producer Price Index (PPI) on January 13, Thursday, at 15:30 GMT+2.
Latest news
Is European Economy Healthy Enough?
Germany will release the flash Purchasing Managers' Index (PMI) for manufacturing and services industries at 10:30 GMT+2 on January 24.
ZEW Sentiment Will Help the Euro
Leibniz Centre for European Economic Research (ZEW) will release an economic sentiment index for Germany on January 18, 12:00 GMT+2
Pound Can Outperform the Market
Great Britain's office for national statistics will release CPI data on January 19, 09:00 GMT+2.
