Canada will announce its monthly GDP on July 31, at 15:30 MT time.
The US will publish important indicators
Information is not investment advice
The levels of retail sales and core retail sales for the US will be out on July 16, at 15:30 MT time.
The indicator of retail sales represents the change in the total value of sales at the retail level. Its core level shows data, which excludes automobile sales due to their high volatility. Last time the headline retail sales increased by a lower-than-expected level of 0.5% (vs. the forecast of +0.7%). At the same time, the core indicator came out in line with the expectations. It showed an increase of 0.5%. As a result, the USD failed to rise on these indicators. Will the release bring positive momentum to the USD this time?
• If the indicators are higher than the forecasts, the USD will rise;
• If the indicators are lower than the forecasts, the USD will fall.
The US unemployment claims are announced on Thursday at 15:30 MT time.
The Australian Monetary Policy Meeting Minutes are announced on Tuesday at 04:30 MT time.
The US dollar has broken through the key resistance, it failed to cross since March so far. Riskier assets are dipping. Let’s discuss it in detail.
Services and Manufacturing PMIs are out on Wednesday at 11:30 MT time.
The market sentiment remains risk-off amid rising virus cases around the world and fears over new restrictions and lockdowns.