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Forex Focus on US Retail Sales

Forex Focus on US Retail Sales
Forex Focus on US Retail Sales

EURUSD traders will start the European session following the Germany August wholesale price index which is due at 6:00GMT. Spain August final CPI figures will be released at 7:00GMT. Eurozone July trade balance data is due at 9:00GMT.

In US forex calendar we have the Retail Sales m/m due at 15:30, while Business Inventories m/m, Michigan Consumer Sentiment and Michigan Consumer Expectations will be released at 17:00. Oil traders will follow the Baker Hughes US Oil Rig Count and Baker Hughes US Total Rig Count due at 20:00.

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In Asian trading session we have the Japan Industrial Production (month over month) unchanged at 1.3% in July Japan Industrial Production (year over year) remains unchanged at 0.7% in July Japan Capacity Utilization rose from previous -2.6% to 1.1% in July.

New Zealand Business NZ PMI came in at 48.2 previous reading was 48.4 in August.

Asian indices are trading higher for one more day, Nikkei adding 1.08% at 21,996. EURUSD trades 0.08% higher at 1.1072; the USDJPY is 0.03% lower at 108.06 while the AUDUSD is 0.09% higher at 0.6872.Download our latest quarterly market outlook for our longer-term trade ideas.

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