Last week was very interesting for the markets, as we saw the releases of the US Inflation and Disney’s earnings report. So let's see what we should await this week!
US CPI & Retail Sales
|The US will release core CPI and retail sales data for September at 15:30 MT time on October 13. US retail sales unexpectedly fell in August as Hurricane Harvey likely depressed motor vehicle purchases. As for inflation, it picked up in the last summer month. Traders will want to see whether this improvement becomes a trend.|
|The state of the American economy is currently in the center of the market’s attention, so the releases may cause significant moves in the USD offering a good trading opportunity. Have a look at core readings of both indicators, which don’t include volatile components as well – these readings will make the picture clearer.|
The US Bureau of Economic Analysis will publish Core Personal Consumption Expenditures (PCE) on May 27 at 15:30 GMT+3.
The United States will publish the Preliminary GDP on Thursday, May 26, at 15:30 GMT+3.
The Reserve Bank of New Zealand will publish a monetary policy report and make an update on the interest rate on May 25, at 05:00 GMT+3.