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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