US Retail Sales will be out on October 15 at 15:30 MetaTrader time (GMT+3).
Will the USD rise on strong Durable Goods Orders?
The American Durable Goods orders will be announced at 15:30 MT time on December 23.
Durable Goods Orders indicator refers to the percentage change in the number of new orders placed to the US manufacturers of hard goods during the examined month as compared to the previous month. A positive indicator means that there have been more goods ordered than in the previous period. That, in turn, would mean better economic outlook and consumption as projected by the industry participants for the coming three years. The recent dynamic for this indicator has been controversial: October orders were 0.6% higher than September, while the latter showed a 1.4% drop compared to the August figure. If the November figure is positive and exceeds market expectations, the USD will gain strength.
- If the indicator outperforms the forecasts, the USD will rise;
- If the indicator comes lower than the forecasts, the USD will fall.
The crypto market keeps recovering. Bitcoin has broken above $57,000. The way up to $60,000 is open now!
The US Inflation Rate (CPI) will be announced on Wednesday, October 13, at 15:30 MT (GMT+3). Traders eagerly await this event as it will impact the USD and thus the vast majority of currency pairs in the Forex market.
Great Britain will publish the Inflation Rate on October 20, at 09:00 MT time (GMT+3).
The bullish movement in the stock market is gaining speed, and Bitcoin ETFs are closer than they might seem. What do we need to know for the next trading week?
The Fed is ready to start tapering in November. Since the markets were expecting this and it wasn’t a surprise, the USD slumped allowing risk-on currencies and gold to rally up.