Crude's prices fall on the inventories' release
The release of crude oil inventories earlier today showed a surprise increase in the number of barrels.
US Retail Sales
A change in retail sales is one of the most important economic indicators for the US economy and the USD. The bigger the reading of this indicator, the more American people spent on various products. Consumer spending is a vital piece of data that helps to determine the economic health of a country. Retail sales are the earliest and the broadest gauge of consumer spending data, that’s why investors pay great attention to this indicator. The retail sales figure will be released on July 16 at 15:30 MT time.
The difference between the forecast and the actual data makes the currency move. Up to date, the US dollar has been highly volatile depending on economic data. The retails sales figure won’t be an exception.
• If the data is greater than the forecast, the USD will rise.
• If the data is weaker than the forecast, the USD will go down.
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The price for gold has tested the levels above $1,500
The yellow metal reached the highest levels in 6 years amid the global risk aversion.
Gold is rising
The yellow metal could not stay for a long time near the $1,401 level.
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Market updates on June 18
Welcome to Tuesday, people! Here’s your markets update ahead of the European trading session.
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