Zerologic
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Today investors will wait for new news from US economic data regarding core retail sales and retail sales, as well as Unemployment Claims. Core retail sales are forecasted to be the same as the previous data release at 0.1%. Meanwhile, retail sales are predicted to increase 0.3% from the previous data revision of 0.1%.
In theory, if the actual data released later is greater than the forecast, it could support USD strengthening.
On the other hand, investors will also see Unemployment Claims data which is predicted to fall by 241k from the previous data revision of 258k. If there is a large difference in actual data compared to the forecast, this will usually affect USD volatility.
In theory, if the actual data released later is greater than the forecast, it could support USD strengthening.
On the other hand, investors will also see Unemployment Claims data which is predicted to fall by 241k from the previous data revision of 258k. If there is a large difference in actual data compared to the forecast, this will usually affect USD volatility.
