The Australian jobs data is announced on Thursday at 03:30 MT time.
Will the recovering US retail sales boost the USD?
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.
- If the retail sales reflect a confident recovery, the USD will rise.
- If the sales are slow to recover, the USD will fall.
The US monthly CPI is announced on Tuesday at 15:30 MT time.
The Federal Open Market Committee (the department of the Federal Reserve) will publish the meeting minutes on October 7 at 21:00 MT time.
The USA will publish unemployment claims on October 22 at 15:30 MT time. How to trade after the release?
Canada’s retail sales will be out on October 21 at 15:30 MT time. Get ready with us for this event!
US Core monthly retails sales will be announced on Friday at 15:30 MT time.