The market sentiment is mixed. Let’s look at most interesting movements on the market today.
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.|
The Reserve Bank of Australia will publish its statement and announce the interest rate on July 7, at 7:30 MT time.
The overall market sentiment was mixed after the USA recorded the largest increase in virus cases since May 9. The data even offset the better-than-expected NFP.
The risk-on tone is back on the market again. Let’s look at main trading opportunities.