Market updates on November 12
The euro and the Australian dollar growing against the USD, the British pound in a correction after Monday's rise
Trade the US Dollar on the economic release
The level of US retail sales and core retail sales are due to release on December 14 at 15:30 MT time.
Last month the total value of sales at the retail level rose by a higher-than-expected level of 0.8%. In its turn, the level of core retail sales which represents retail sales excluding automobiles increased by 0.7%. It helped the USD to strengthen. If this time the indicators outperform the forecasts, it will happen again.
• If the data is higher than the forecast, the USD will rise.
• If the data is lower than the forecast, the USD will fall.
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A calm trading session with the US-China trade updates in focus
5 important events this week will bring us
New Zealand's interest rate announcement and the indicators of British, American, Australian and European economy
Latest news
The euro in a double-top pattern
Today, the euro shows a double-top pattern against the CHF, which may be used by the bears if the pattern is confirmed.
Will the Australian job data support the AUD?
Australia will publish the level of employment change and the unemployment rate at 2:30 MT on November 14.
Market updates on November 12
The euro and the Australian dollar growing against the USD, the British pound in a correction after Monday's rise
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