The United States will publish CPI and core CPI on September 11, at 15:30 MT time.
The US will publish important indicators
The levels of retail sales and core retail sales for the US will be out on July 16, at 15:30 MT time.
The indicator of retail sales represents the change in the total value of sales at the retail level. Its core level shows data, which excludes automobile sales due to their high volatility. Last time the headline retail sales increased by a lower-than-expected level of 0.5% (vs. the forecast of +0.7%). At the same time, the core indicator came out in line with the expectations. It showed an increase of 0.5%. As a result, the USD failed to rise on these indicators. Will the release bring positive momentum to the USD this time?
• If the indicators are higher than the forecasts, the USD will rise;
• If the indicators are lower than the forecasts, the USD will fall.
Three main drivers of the market: the stimulus package, the US presidential election and the coronavirus. Let's look how market reacts.
The US Department of Justice thinks 87% a market share is too much for Google alone. The market thinks it's ok.
EU Flash Manufacturing & Services PMI will come out on Friday at 11:00 MT time!