13 May 2016
The main even of the day on financial markets will be the US April Retail Sales Reports submitted by U.S. Census Bureau today on May 13, 12.30 noon, GMT.
Retail Sales Report is the crucial indicator of consumer expenses, which has a significant impact on the market. It illustrates dynamics of inflation on the part of a consumer. Investors throughout the world keep a watchful eye on the Retail Sales Report published every mid-month.
Growth of the index means favotable economic conditions and results in surge of rate of the US currency. If the index is below expectations, it is treated as the negative factor for USD.
How will the rate of US dollar respond to the Retail Sales Report? Today we will find it out!
By Catherine Main, senior analyst of FreshForex
Good luck in trading!
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