The risk sentiment gets better as Chinese data improves
The recent Chinese figures bring optimism
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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The risk sentiment gets better as Chinese data improves
The recent Chinese figures bring optimism
ZAR and TRY: central banks bring the action
On Thursday, January 16 two central banks: the Reserve bank of South Africa and the Turkish Central Bank will make their interest rate decisions.
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