It’s back to business after the long Easter weekend. The main event for today is American Core Retail Sales. Also note an interesting speech by Bernanke. Here’s what’s up:
Australian NAB Business Confidence is a good indicator of the Australian economy. Last time it fell by 22 points. Where will it go this time?
American Retail Sales are expected to rise by 0.3%, after falling last time by 0.1%. Core Retail Sales are expected to rise only by 0.1% after rising nicely last time.
Apart from this major release, Producer Price Index, PPI is expected to be unchanged, after rising by 0.1% last month. Core PPI is expected to rise by 0.1%.
Also in the US, Business Inventories are expected to fall by 1.1% similar to last month.
In the evening, two speeches are due: Federal Reserve Bank of Chicago President Charles Evans will speak about banking, while the Fed’s Chairman, Ben Bernanke, will give a speech titled speech titled “Four Questions about the Financial Crisis”. His speech can certainly move the markets.
Just before the day ends, British RICS House Price Balance will give an indication on British housing. Prospects are still dire, with an expected fall of 77.2%, after last month’s -78.3% score.
That’s it. Happy Forex Trading!