Advertisement
fxgiants
Advertisement
InstaForex
Advertisement
24option
BREAKING NEWS : $500 - $5000 No Deposit Bonus Hurry up, Join Now!
Written by experienced traders and professional market analysts, our Forex technical analysis is just what you need to get an edge in your Forex trading
Advertisement XM

American FX Outlook: US retail sales headline the American session

Written by By Mario Blascak, PhD | 2018-05-15 10:28:41 GMT
  • Global equity market indices are falling lower as hope for the progress in the US-China trade talks is weighing.
  • The US benchmark Treasury yields rose above 3.02% on Tuesday supporting the US Dollar.
  • The UK labor market report came out mixed in April with the wage growth and the unemployment rate meeting the estimates, but the claimant count rose strongly indicating future tick up in the unemployment rate. For details read my analysis here.
  • The US retail sales headline the afternoon session in London together with the upcoming New York Federal Reserve President John Williams speech.

Tuesday's upcoming market moving events

  • The New York Empire State manufacturing index is seen decelerating to 15.0 in April.
  • The US core retail sales are expected to rise 0.5% m/m in April while control group included in US GDP report is expected to rise 0.4% m/m. For detail read Yohay’s Preview here
  • San Francisco Federal Reserve Bank President John Williams is scheduled to speak at the Economic Club of Minnesota in Minneapolis at 17:00 GMT.

Major market themes

Earlier in Asia/Europe

  • China’s industrial production accelerated to 7.0% y/y in April.
  • German Q1 GDP rose 0.3% Q/Q while rising 2.3% y/y, missing the market expectations.
  • French CPI rose 0.2% m/m and 1.6% y/y in April.
  • French private payrolls slowed down in Q1 2018 to 0.3% Q/Q that is +57,900 jobs after +0.4% in Q4 2017.
  • The Bank of Japan Governor Kuroda said it is true that some discussions are being made at BOJ board on side-effects of easy policy while confirming that the BoJ has no plan to move 10-year yield target for time being as inflation distant from 2% target.
  • The UK wages excluding bonuses rose 2.9% y/y and decelerated to 2.6% y/y including bonuses in three months to March, meeting the market estimate. The unemployment rate remained unchanged at 4.2% but the claimant count rose 31.2K against 7.8K expected in April. For details read my analysis here.
  • German ZEW index of investors sentiment remained unchanged at -8.2 in May after falling sharply in previous two months. 
  • UK parliament holds Inflation Report hearing hosting the Bank of England officials including Governor Mark Carney.
  • The Eurozone GDP is expected rose 0.4% Q/Q while increasing 2.5% y/y in line with expectations.
  • The Eurozone industrial production rose 0.5% m/m while increasing 3.0% y/y in March.


 

Author

By Mario Blascak, PhD
XM

Start Trading With Top Industry Brokers

Broker Profile Open Account
xm
  • Minimum Deposit: 5 USD
  • Leverage of up to 1:30
  • Broker Type : Market Maker
  • Regulation : CySEC,ASIC ,FCA
  • xm
    Markets
  • Minimum Deposit: 100 USD
  • Leverage of up to 1:500
  • Broker Type : Market Maker
  • Regulation : CySEC
  • Markets
    Trade
  • Minimum Deposit: 250 USD
  • Leverage of up to 1:200
  • Broker Type : Market maker
  • Regulation : CySEC
  • trade

    The Best Crypto to Crypto

    Exchanger Advantages Open Account
    binance
  • Safety Stability: Multi-tier & multi-cluster system architecture
  • Binance charges a quite low commission fee
  • Multiple-Coin Support : BTC, ETH, LTC, BNB...
  • High Liquidity
  • Multiple-Language Support
  • binance
    changelly
  • Instant cryptocurrency exchange
  • More than 500,000 satisfied users
  • Changelly charges a quite low commission fee
  • Safety Stability
  • changelly
    bitmex
  • Bitmex - Bitcoin Mercantile Exchange is a cryptocurrency derivatives trading platform.
  • Bitmex charges a quite low commission fee
  • Safety Stability
  • changelly

    Best Brokers to Trade Crypto

    Broker Profile Open Account
    XM
  • Minimum Deposit: 5 USD
  • Leverage of up to 1:30
  • Broker Type : Market Maker
  • Regulation : CySEC,ASIC ,FCA
  • XM
    FBS
  • Offer: 50USD No Deposit Bonus
  • Offer: 100% Deposit Bonus
  • Minimum Deposit: 1 USD
  • Leverage of up to 1:500
  • Broker Type : Market Maker
  • Regulation : CRFIN (Russia), 009069697 IFSC (Belize), IFSC/60/230/TS/12
  • FBS
    eToro
  • Offer: 1000USD Deposit Bonus
  • Minimum Deposit: 50 USD
  • Leverage of up to 1:400
  • Broker Type : STP
  • Regulation : ASIC, 335692 CFTC/NFA, 0382918 CySEC, 109/10
  • eToro

    Contact us
    fxvnpro@gmail.com
    kieuthanhgc@gmail.com