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| Tuesday, May 8, will be a busy day for the Australian dollar. Retail sales figures will come out at 4:30 MT time. Retail sales provide good insight into the nation’s economic activity, so positive data may support the AUD and will not let it plunge during the RBA’s outlook. This will create a great trading opportunity during the Asian session. |
The Canadian dollar has chances to keep trading at good levels. According to the recent statement of the Bank of Canada, the country’s economic data are in line with the forecasts.
The main focus today is on the UK retail sales, which are expected to fall by 0…
In August, UK consumer prices jumped by 2…
Safe havens such as gold and Japanese yen declined as investors sentiment was boosted by eased geopolitical tensions…
On Tuesday, the euro tacked on because market participants waited for reports on inflation and growth in the euro zone, while the Japanese yen went down after Japan’s major bank told it would be more flexible in its huge stimulus program…
On Tuesday, the evergreen buck dived because the common currency bounced off and the UK pound managed to ascend to the day’s maximums reacting to reports that British Prime Minister Theresa May is going to take control of Brexit talks…
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