US Initial jobless claims will be announced on Thursday at 15:30 MT time.
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 dollar has broken through the key resistance, it failed to cross since March so far. Riskier assets are dipping. Let’s discuss it in detail.
Services and Manufacturing PMIs are out on Wednesday at 11:30 MT time.
China’s Manufacturing PMI will be out on Wednesday at 04:00 MT time!
China's industrial rebound, progress in US fiscal stimulus and other important news in this article.
The market sentiment is mixed as investors weigh US stimulus package against the rising infections and worse-than-expected US unemployment claims. Jump in for fresh analysis of EUR/USD, USD/JPY, S&P 500 and gold!