
Credit Suisse's collapse is in focus. What are the consequences of this problem? Let's discuss it here.
The US retails sales are announced on Tuesday at 15:30 MT time.
Instruments to trade: EUR/USD; USD/JPY; GBP/USD; USD/CAD
April was a disastrous month for the US sales which sank more than 16%. The effect was even more hurtful as it was far worse than the expected -12%. May, however, is supposed to reflect the start of recovery. As unnoticeable as it usually goes, this indicator may be crucial this time in defining the stock market’s mood as it’s been on a bullish trend alarmingly against raw data. On the other hand, if the sales indeed show that the economy is confidently picking up, that will definitely boost the USD and launch the stock market into another bullish wave. The expectation is at -10% hence whatever comes higher than this will be taken as good news.
Credit Suisse's collapse is in focus. What are the consequences of this problem? Let's discuss it here.
Consumer Price Index, Existing Home Sales, US Fed rate decision - all of these things we will discuss in our new review. Don't miss it out!
This week may be the most important since the year started as the Fed assess the economic outlook and the US presents fresh NFP readings.
A new trading week is coming…
News is always important part of the market. What do we expect today?
What a day was yesterday! Let’s jump right in!
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