After Trump-Biden debates the market reaction was initially positive, but Trump's refusal to accept election results in case of Biden’s victory deteriorated the overall sentiment.
US Retail Sales
|The US dollar is quite volatile amid trade and geopolitical tensions. Positive economic data can support the greenback. Retail sales allow measuring consumer sentiment. That is why if the actual data is greater than the forecast, the US dollar has chances to strengthen. On the other hand, a disappointment will make the USD depreciate. Have a look at the economic calendar at 15:30 on May 15 to get a trade idea.|
The market sentiment has switched to risk-on, driving upwards stocks and riskier currencies and weighing on the US dollar.
Non-Farm payrolls will be out on Friday at 15:30 MT time! Are you ready?
US ISM Manufacturing PMI is coming out on Thursday at 17:00 MT time! Be ready!