The Euro Awaits Indicator of Consumer Confidence
The Eurozone will publish the Indicator of GfK Consumer Confidence on November 25, at 09:00 GMT+2.
Traders Await US Retail Sales
What will happen?
US Retail Sales will be out on November 16 at 15:30 MetaTrader time (GMT+2). If you open the economic calendar, you will notice that there are two versions of this indicator: Core Retail Sales and Retail Sales. What is the difference? The core release excludes auto sales due to their high volatility.
Why is it important?
Retail sales are the primary measure of consumer spending, which accounts for the majority of overall economic activity. Last month, both reports were greater than expected. As a result, USD/JPY rocketed by 150 points!
How to trade on the indicators of Retail Sales?
This report is important for traders as it affects the US dollar – the most traded currency in the Forex market!
- If the indicators are greater than the forecasts, the USD will rise.
- Alternatively, the USD will drop.
Instruments to trade: EUR/USD, GBP/USD, USD/JPY, XAU/USD
Similar
The FOMC Brings New Insights for the USD
The United States will publish the Federal Open Market Committee Meeting Minutes on November 24, at 21:00 GMT+2.
What will move the market on November 22-26?
Last week was not full of events, but we still saw decent moves in the charts of majors, S&P500, NASDAQ, oil, and crypto. The upcoming week will bring even more volatility to your favorite assets!
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How will OPEC-JMMC Meetings Affect Oil Prices?
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How Will USD React to ISM Manufacturing PMI?
ISM Manufacturing PMI will be announced at 17:00 MT (GMT+2) on Wednesday, December 1.
