The market calms down ahead of the Fed’s statement this evening.
US Retail Sales
|Retail sales measure consumer demand for finished goods and represent a leading macroeconomic indicator that has direct impact on the nation’s GDP. That’s why release of this indicator usually draws great attention of financial markets.|
|America will release its retails sales figures for August at 15:30 MT time on September 15. Previous data were very encouraging: US retail sales recorded their biggest increase in seven months in July. The new release will show whether the US economy continued with good momentum in the middle of the third quarter. We expect the USD to trade actively in all currency pairs.|
Follow Canadian core retail sales on September 18 at 15:30 MT time!
The US dollar gained after the Fed’s report, while riskier assets dropped. Let’s have a closer look.
Keep an eye on the UK monetary policy statement on September 17 at 14:00 MT time!