Non-farm payrolls, the most awaited economic report, will be out on March 5 at 15:30 MT time.
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.|
Stock indices S&P 500 and Nasdaq are falling for seven days in a row. The New Zealand dollar skyrocketed to almost two-years highs. Fed’s Powell held a meeting yesterday and said that the central bank wouldn’t tight its easing policy anytime soon.
On Thursday, February 25, at 15:30, the initial jobless claims will be published in the US.
The giant chip maker exceeded analysts’ expectations. Even with a global GPU shortage!
OPEC will hold a meeting on March 4, where it should announce its decision on further oil output.
The risk-on is back on the market as investors focus on the projections for a stronger-than-expected economic rebound and the Fed’s pledge to prolong support for the rest of the year.