The market sentiment is mixed, but there are still interesting movements on the market.
US Inflation & Retail Sales
|February 14 will be full of events. At 15:30 MT time, American statistical services will deliver four data releases, which will be important for the US dollar. Consumer price index will be counted 2 times: as CPI and core CPI (excluding food and energy). These are key inflation gauges that are closely monitored by the Federal Reserve.|
|Retail sales come in 2 types as well: retail sales and core retail sales (excluding automobiles). The data show the economic activity of the US population.|
|Actual numbers that are better than forecast ones will lead the US dollar to the upside. However, with so many releases at the same time, the probability that they will all be good isn’t very high.|
US Core monthly retails sales will be announced on Friday at 15:30 MT time.
Stock significantly surged: S&P 500 and Nasdaq reached 6-week highs. The market sentiment may deteriorate today as Johnson & Johnson’s Covid-19 vaccine trails have been stopped because of the unexplained illness.
Canada’s retail sales will be out on October 21 at 15:30 MT time. Get ready with us for this event!
The market is resilient ahead of the speeches of Fed’s Powell and ECB President Lagarde, but there are still interesting movements.
The uncertainty over US fiscal stimulus and Brexit, and also rising new virus cases deteriorated the market mood. That’s why we can expect the further rally of the US dollar and the fall of riskier assets today.