The US dollar surged yesterday after the positive US data, but turned down today. Jump in to get a market wrap!
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.|
Australian Private Capital Expenditure will be out on Thursday at 2:30 MT time!
Oil jumped to March high, stocks are heading to record highs, while the US dollar is on the back foot.
News geeks get ready for the chain of US reports, which starts at 15:30 MT time on November 25!