Crypto Market Changes The Trend
Happy Tuesday, dear traders! Here’s what we follow:
Retail data for the US: down again?
Information is not investment advice
The US will publish headline and core retail sales at 15:30 MT time on May 15.
Instruments to trade: EUR/USD, USD/JPY, USD/CHF
While the headline retail sales show the total value, the core indicator excludes sales of automobiles due to their volatility. Based on their data, we may judge the economic activity of a country and the level of consumer spending. During the previous release, both indicators fell significantly. The headline one declined by -8.7% (vs. -8% expected). The core indicator surprised traders positively, though, if we may call it "positive". The indicator fell by "just" -4.5% (vs. the forecast of -4.9%). The pandemic hit US retailers hard as well as the US dollar. The greenback fell to the red zone on the release.Will we see a different outcome this time? There is a little chance that we do, but if that happens the US dollar will be a winner. Remember the simple rules:
• if the actual levels of indicators are higher than the forecasts, the USD will rise;
• if the actual levels of indicators are worse than the forecasts, the USD will fall.
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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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