Will the Fed Chair changes his views during the speech today?
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.|
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Welcome to Tuesday, people! Here’s your markets update ahead of the European trading session.