Market updates on September 13
The retail sales for the US in focus today
The economic data may support the GBP
Great Britain will publish GDP growth and manufacturing production on September 9, at 11:30 MT time. GDP growth represents the change in the total value of all goods and services. It is the broadest measure of a country’s economic activity. As for the indicator of manufacturing production, it shows the change in the total inflation-adjusted value of production released by manufacturers. Last time, the figures of both indicators came out lower than the forecasts. Despite the forecast of an increase by 0.1%, the level of GDP had not changed since the previous period, while manufacturing production declined by lower-than-expected 0.2%. Thus, the indicators weakened the pound. Let’s see whether the releases push the British currency up this time.
• If the releases are higher than the forecasts, the GBP will rise;
• If the releases are lower than the forecasts, the GBP will fall.
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Traders await the releases for the USD
The USA will publish the level of retail sales and core retail sales on September 13, at 15:30 MT time.
The ECB stimulus may weaken the EUR
The European Central Bank will announce its interest rate and publish the monetary policy statement on September 12, at 14:45 MT time.
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Market updates on September 13
The retail sales for the US in focus today
"Buy the rumor - sell the fact" action for USD/TRY
During today's Turkish central bank meeting, the market anticipated a rate cut between 200-300 pips.
Traders await the releases for the USD
The USA will publish the level of retail sales and core retail sales on September 13, at 15:30 MT time.
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