Very interesting day in the US, Retail Sales, Prelim UoM Consumer Sentiment and more. Let’s see what awaits us today. In the US, Retail Sales, It’s the primary gauge of consumer spending, which accounts for the majority of overall economic activity is about to rise by 0.5%, while the Core Retail Sale (excluding automobiles) is about to rise by 0.4%. Later in the US, Prelim University of Michigan (UoM) Consumer Sentiment, Survey of about 500 consumers which asks respondents to rate the relative level of current and future economic conditions; is about to decrease by 0.5 points. Later on in the US, Prelim University of Michigan (UoM) Inflation Expectations, Survey of about 500 consumers which asks respondents where they expect prices to be 12 months in the future is about to remain 3.4%, similar to the previous one. More in the Us, Business Inventories, value of goods held in inventory by manufacturers, wholesalers, and retailers; is about to reduce by 0.2%. Finally in the US, Federal Reserve Bank of New York President William Dudley, due to speak about the US economy at the Queens Chamber of Commerce, in New York. In Canada, Employment Change in the number of employed people during the previous month; is about to decrease by 43K. Job creation is an important leading indicator of consumer spending, which accounts for a majority of overall economic activity More in Canada, Unemployment Rate, unemployed and actively seeking employment during the previous month; is about to drop down by 0.1%. Important because consumer spending is highly correlated with labor-market conditions. For more on USD/CAD, read the Canadian dollar forecast. In Europe, European Union (EU), Economic Summit, Due to meet about a range of global economic issues, including the Eurozone bailout fund and Libyan situation, in Brussels. For more on the Euro, read the EUR/USD forecast In Great Britain, Bank of England (BOE) Governor Mervyn King, due to speak at the Stanford Institute for Economic Policy Research Economic Summit, in San Francisco More in Great Britain, Producer Price Index (PPI) bothe Input, price of goods and raw materials purchased by manufacturers and Output (price of goods sold by manufacturers) are about to decrease by 0.3%, Read more about the Pound in the GBP/USD forecast. That’s it for today. Happy forex trading! Anat Dror Anat Dror Anat Dror Senior Writer I conceptualize, design and create multi-lingual websites. Apart from the technical work, my projects usually consist of writing content for these sites in English, French and Hebrew. In the past, I have built, managed and marketed an e-learning center for language studies, including moderating a live community of students. I've also worked as a community organizer Anat's Google Profile View All Post By Anat Dror Daily Look share Read Next EUR/USD: Correction or Something Bigger? Gregor Horvat 12 years Very interesting day in the US, Retail Sales, Prelim UoM Consumer Sentiment and more. Let's see what awaits us today. In the US, Retail Sales, It's the primary gauge of consumer spending, which accounts for the majority of overall economic activity is about to rise by 0.5%, while the Core Retail Sale (excluding automobiles) is about to rise by 0.4%. Later in the US, Prelim University of Michigan (UoM) Consumer Sentiment, Survey of about 500 consumers which asks respondents to rate the relative level of current and future economic conditions; is about to decrease by 0.5 points. Later on in… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
