Crypto Market Changes The Trend
Happy Tuesday, dear traders! Here’s what we follow:
Important events this week will bring us
Information is not investment advice
American and British consumer prices
The market awaits the US consumer prices on Tuesday at 15:30 MT time (12:30 GMT) and the British CPI on Wednesday at 11:30 MT time (9:30 GMT). No major surprises are expected by analysts: while the American headline and core CPIs are anticipated to advance by 0.2%, the British consumer price index may reach the same level as during the previous release, showing the increase by 1.5%. As usual, higher-than-expected figures will bring positive momentum to the USD.
In the end, it needs a sign
Donald Trump plans to meet with the Chinese side on Wednesday, where he is going to sign the “phase one trade deal”. Despite the optimism on the agreement, the details of the document have still not been announced and reportedly remain under review. We expect the comments by both sides and the final details of the deal. As it may fail to meet the market’s expectations, Wednesday’s trade will largely depend on the risk sentiment.
The risk may also be affected by the US-Iran tensions after the latter admitted it shot down a Ukrainian airliner by mistake.
Retail sales of the US
The week will be highlighted by yet another important indicators for the United States, which are retail sales and core retail sales. The indicators will be published on Thursday at 15:30 MT (12:30 GMT). Analysts are optimistic in their forecasts; both headline and core indicators are anticipated to rise by 0.5% and 0.3% accordingly.
Exotic currencies are under the spotlight
The Bank of Turkey will hold its meeting on Thursday. The decision by the regulator may affect the TRY.
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Crypto Market Changes The Trend
Happy Tuesday, dear traders! Here’s what we follow:
The US Labor Market And Real Estate Market Are In Focus This Week
Labor Market and Real Estate Market data was published yesterday. Markets are slowing down, so the economy is in recession. Today the traders should pay attention to the Retail sales in Canada.
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