Forex, oil, gold, and stocks on April 4-8
Last week, there were sharp swings in USDJPY, a decline in oil prices, and a surge in Tesla stock. What's next?
Will the indicators bring chance to the USD bulls?
The United States will publish the indicators of retail sales and core retail sales on October 16, at 15:30 MT time. The level of retail sales shows the change in the total value of sales at the retail level. At the same time, its core indicator excludes automobiles from the calculation. Last time, the indicator of retail sales increased by the higher-than-expected 0.4%. Despite that, the level of core retail sales remained unchanged (vs. the forecast of +0.1%). The releases resulted in the mixed performance of the USD. Let’s see if they lead to a different outcome this time.
• If the actual levels of indicators are higher than the forecasts, the USD will rise;
• If the actual levels of indicators are lower than the forecasts, the USD will fall.
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What Will Bring the Core PCE Price Index Release?
The US Bureau of Economic Analysis will publish Core Personal Consumption Expenditures (PCE) on May 27 at 15:30 GMT+3.
The Big Release for the USD
The United States will publish the Preliminary GDP on Thursday, May 26, at 15:30 GMT+3.
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The Reserve Bank of New Zealand will publish a monetary policy report and make an update on the interest rate on May 25, at 05:00 GMT+3.
