Mikhail Tegin
LiteForex Representative
- Messages
- 30
Friday - end of the week, beginning of new trend
This Friday shows narrow major currency volatility even though economic data from the US on the US trade balance which has shown its contraction and have been much better than it was expected.
Today another very important indicator is supposed to be published - retail sector selling. This data is of vital importance as it shows consumers' moods and reveals their readiness to spend more. If this indicator is higher than that for the previous period, it means that consumers are more confident and that means the US economy might soon start recovering faster, hence, the whole world is supposed to rebound at higher pace.
If the data is not that encouraging, that might put some pressure on dollar, which suggests selling dollar and buying euro as economic calendar of today for the European currency does not have any significant issues.
This Friday shows narrow major currency volatility even though economic data from the US on the US trade balance which has shown its contraction and have been much better than it was expected.
Today another very important indicator is supposed to be published - retail sector selling. This data is of vital importance as it shows consumers' moods and reveals their readiness to spend more. If this indicator is higher than that for the previous period, it means that consumers are more confident and that means the US economy might soon start recovering faster, hence, the whole world is supposed to rebound at higher pace.
If the data is not that encouraging, that might put some pressure on dollar, which suggests selling dollar and buying euro as economic calendar of today for the European currency does not have any significant issues.