Market updates on July 16
Welcome to Tuesday!
US retail sales will drive the USD
There are several important economic indicators released in the United States every month. Retail sales is one of them. It will be released at 15:30 MT time on August 15. In the economic calendar, you will find the monthly growth of this indicator. The higher it is, the better for the US economy and for the USD.
So far, American retail sales figures have been strong. Data in July showed the indicator advanced in June for the fifth month in a row. Notice that the US will release 2 indicators, retail sales and core retail sales. The latter excludes the sales of automobiles. Both indicators are important for the exchange rate of the greenback.
• 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.
Check the economic calendar
Similar
5 important events this week will bring us!
Find out what is going to move the markets this week
Market updates on July 12
Friday is on!
Latest news
British inflation tacks on for the first time this year
In July, Britain's inflation rate rallied for the first time in 2018, thus leaving many UK households feeling quite squeezed by prices, soaring at nearly the same tempo as their wages…
Evergreen buck heads north
On Friday, the evergreen buck rallied versus its counterparts after data disclosed that the American economy generated more jobs than anticipated In October, thus backing the Fed’s case to proceed with gradual rate lifts…
Gold ascends on Brexit jitters
On Tuesday, gold rallied because uncertainty over the latest developments in Britain’s departure from the EU backed safe haven demand and traders looked ahead for American inflation data to underpin the Fed’s pledge to remain on hold…
Deposit with your local payment systems
