US dollar turned up after closing in red yesterday
The market sentiment is mixed, but there are still interesting movements on the market.
Take a chance to trade the USD
The level of US PPI will be released on January 15, at 15:30 MT time.
This is a leading indicator, which determines consumer inflation. Last time the actual level of the indicator was higher than the forecast. It advanced by 0.1%. As a result, the USD rose higher. Let's see if this time it happens again.
• If PPI is higher than expected, the USD will rise;
• If PPI is lower, than expected, the USD will fall.
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The US retail sales are out!
US Core monthly retails sales will be announced on Friday at 15:30 MT time.
Stock surged, but halt of vaccine trials may kill investor's mood
Stock significantly surged: S&P 500 and Nasdaq reached 6-week highs. The market sentiment may deteriorate today as Johnson & Johnson’s Covid-19 vaccine trails have been stopped because of the unexplained illness.
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CAD is in focus
Canada’s retail sales will be out on October 21 at 15:30 MT time. Get ready with us for this event!
Start the week with fresh analytics!
The market is resilient ahead of the speeches of Fed’s Powell and ECB President Lagarde, but there are still interesting movements.
Uncertainty underpinned USD
The uncertainty over US fiscal stimulus and Brexit, and also rising new virus cases deteriorated the market mood. That’s why we can expect the further rally of the US dollar and the fall of riskier assets today.
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