The market sentiment improved amid the slowdown in virus cases. Let's have a closer look at the AUD, S&P 500, gold and the GBP.
The USD may rise on the important updates
The levels of retail sales and core retail sales for the US will be released on February 14 at 15:30 MT time.
Retail sales represent the total value of sales at the retail level. This indicator is also a good measure of consumer spending, which shows the overall economic activity of the country. As for the core level, it does not include automobile sales. If this time the releases are higher than the predictions, the USD will be supported.
• If the indicators are higher than expected, the USD will rise;
• If the indicators are lower than expected, the USD will fall.
The RBA will make a rate statement on August 4 at 7:30 MT time.
The overall market sentiment is mixed as new virus cases continue rising throughout the world, but most economic indicators came out better than analysts expected. Let’s look at the main market movements.
The US NFP will be published on August 7 at 15:30 MT time.
The market sentiment is indeed risk-on today. Stocks, riskier currencies and gold are rising amid the waning US dollar.
Follow the BOE monetary policy and rate statements on August 6 at 14:00 MT time…