Currency market on December 9
The main attention of traders is paid to the news concerning the US-China developments ahead of the US tariffs deadline scheduled on December 15.
The USD may move on the retail indicators
The United States will release the headline and core retail sales at 15:30 MT on November 15.
The indicators represent the change in the total value of sales at the retail level. The difference of the core indicator from the headline one is that the former excludes automobile sales due to their high volatility. Last time both of the indicators came out lower than the forecasts. While advance retail sales dropped by 0.3% (vs. the anticipated increase by 0.3%), the retail sales without autos fell by 0.1% (vs. +0.2% expected). The disappointing figures pulled the USD lower. Let’s see how the release affects the USD this time.
• If the indicators are greater than the forecasts, the USD will rise;
• If the indicators are weaker than the forecasts, the USD will fall.
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Latest news
Currency market on December 9
The main attention of traders is paid to the news concerning the US-China developments ahead of the US tariffs deadline scheduled on December 15.
5 important events this week will bring us
The UK Parliament election, American and European interest rates announcements and monetary policy press conferences - all of these are going to take place this week.
Is the Fed holding the rate?
The Federal Funds Rate is announced at 21:00 MT time on December 11.
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