On the Macro It’s a big week ahead on the economic calendar. US retail sales, economic indicators from China and the UK, and central banks will keep the markets busy in mid-August. For the Dollar: It is another tricky week ahead for the US Dollar. On Tuesday, retail sales figures will affect sentiment toward the US
Business * On the Macro
It’s a big week ahead on the economic calendar. US retail sales, economic indicators from China and the UK, and central banks will keep the markets busy in mid-August.
For the Dollar:
It is another tricky week ahead for the US Dollar. On Tuesday, retail sales figures will affect sentiment toward the US economy and the September Fed interest rate decision.
After the softer-than-expected, but sticky, consumer inflation numbers, weak retail sales figures could close the door on a September hike. However, investors will slice and dice the FOMC meeting minutes on Wednesday to understand the influence of the latest stats on the Fed.
On Thursday, the US jobless claims will need to creep higher to support a more dovish FED outlook.
Other stats include NY State manufacturing and housing sector-related numbers that should have a limited impact.
For the EUR:
It’s a busier week for the EUR. On Tuesday, ZEW Economic Sen
See original post – Read More