Forex, oil, gold, and stocks on April 4-8
Last week, there were sharp swings in USDJPY, a decline in oil prices, and a surge in Tesla stock. What's next?
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.
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Latest news
What’s New with Australian Unemployment Rate?
The Australian Bureau of Statistics will announce the updated Unemployment Rate and Employment Change data on Thursday, May 19, at 04:30 MT.
Can the UK CPI surprise?
The UK Office for National Statistics will publish Consumer Price Index (CPI) data on Wednesday, May 18, at 09:00 MT.
The US Retail Sales Update
The US Census Bureau will announce Core Retail Sales and Retail Sales on Tuesday, May 17 at 15:30 MT.
