US Retail Sales will be out on August 17 at 15:30 MetaTrader time (GMT+3). If you open the economic calendar, you will see both Core Retail Sales and Retail Sales indicators. The only difference between them is that the core release excludes automobile sales due to their high volatility, while another report includes auto sales. Last month, both of them pleased the USD bulls with strong numbers which were way better than initially thought. It signaled that demand for goods remained robust despite the recent consumer shift towards services.
This report is especially significant for traders as it concerns the US dollar – the most traded currency in the Forex market.
Instruments to trade: EUR/USD, GBP/USD, USD/JPY
In today's market insights, we delve into Citibank's oil price predictions, the evolving competition between Huawei and Apple, the Saudi Arabia-Tesla partnership, and the upcoming rate decisions from the world's major central banks.
It will be the hottest week of September, with four central banks’ meetings, five PMI releases, and a lot to trade.
US stock markets started falling, while the US dollar is rising. What to expect from
Oil prices are rising and Russia banned the export of its petrol. What's happening in the markets?
Today's main event for the markets is the FOMC Interest Rate Decision, where the US regulator is widely expected to keep the interest rate at the same level of 5.5%.
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Don’t waste your time – keep track of how NFP affects the US dollar and profit!
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