The overall market sentiment is risk-on. The S&P 500 index (US 500) is getting close to the all-time high. Oil is recovering quickly from its recent losses.
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.|
What will happen? The FOMC statement will be published at 21:00 MT (GMT+3) on Wednesday, July 28…
Hong Kong stock index extended a decline sparked by China’s tech crackdown. Tesla posted better-than-expected results. Jump in!
This week Apple, Microsoft, Google, Facebook, Pfizer, and other large US companies will deliver earnings reports…