USD is at two-week low, gold rises
Here are a short wrap of the latest news and the tech analysis of EUR/USD, AUD/USD, and gold.
Traders await the releases for the USD
The USA will publish the level of retail sales and core retail sales on September 13, 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 excludes automobile sales due to their high volatility. Last time the indicators outperformed the forecasts. The headline indicator increased by 0.7% (vs. the forecast of +0.3%). As for the core level, it advanced by 1% (vs. 0.4% expected). These great figures boosted the USD. Will the situation repeat itself this time?
• If the releases are higher than the forecasts, the USD will rise;
• If the releases are lower than the forecasts, the USD will fall.
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Any optimism for the Canadian labor market?
Canadian Employment Rate and Unemployment Change are announced on April 9, at 15:30.
Forex today: gold, AUD/USD, and USD/JPY
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Latest news
S&P ASX 200: one step from a breakthrough
The Australian economy has been on a steady recovery path, and now we have a very symbolic confirmation that S&P ASX 200 is about to cross 7000!
Strong USD is back
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NZD will be driven by RBNZ
The Reserve Bank of New Zealand will hold a meeting on Wednesday, April 14, at 05:00 MT.
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