EUR, USD, GBP: all attention to PMI reports
PMI reports from the EU, the UK, and the USA will be released during the day!
The US retail sales are out!
US Core monthly retails sales will be announced on Friday at 15:30 MT time.
Instruments to trade: EUR/USD, USD/CAD, USD/JPY, GBP/USD
If everything is good, people have money. If they have money, they buy things. If they buy things, companies make good sales and get money as well. More money from companies – more invested back into the economy. This is one of the circles of how the money goes around the economy participants, but everything starts with people buying things. Since May, retail sales have been going down in the US. The last indicator was 0.6% - less than the expected 1%. Obviously, the market takes that as a disappointment and presses on the US dollar. If the same happens this week, the US dollar will see less ground to expand – again.
- If the monthly sales are higher than though, the USD will rise.
- Otherwise, it will get weaker.
Similar
Oil and BTC Surged, EUR Awaits ECB
Today traders await the European Central Bank to make a policy statement at 14:45 MT (GMT+3).
Oil and Bitcoin Dropped, Gold Recovers
Oil dropped to the lows unseen since late May. Bitcoin has dropped below $30,000, while gold has reversed up from a dip under $1,800.
Latest news
Ideas for trading US stocks on July 26-30
This week Apple, Microsoft, Google, Facebook, Pfizer, and other large US companies will deliver earnings reports…
Friday Trades: EUR/USD, USD/JPY, and Gold
The overall market sentiment is risk-on. The S&P 500 index (US 500) is getting close to the all-time high. Oil is recovering quickly from its recent losses.
Will There Be Any Changes in US Monetary Policy?
What will happen? The FOMC statement will be published at 21:00 MT (GMT+3) on Wednesday, July 28…
Deposit with your local payment systems
