Sep 14 – Economic Events Outlook – U.S. Retail Sales In Highlights

Happy Friday, traders.
It’s been a busy week as the fundamentals continued to extend us some really profitable trade opportunities. On Friday, all we have is the Retail Sales figures from the United States. But the market can remain volatile on the back of economic events released throughout the week…

Watchlist – Key Economic Events Today

USD – Retail Sales m/m

The Census Bureau is due to release the retail sales data at 13:30 (GMT). It’s the primary gauge of consumer spending which accounts for the majority of overall economic activity. In August, the retail sales grew by 0.5% vs. the forecast of 0.1%.

USD – Core Retail Sales m/m

This also shows a change in the total value of sales at the retail level, excluding automobiles. The data is due at 13:30 (GMT) and economists are expecting a slower growth of 0.5% vs. 0.6% in the previous month.

USD – Prelim UoM Consumer Sentiment

At 15:00 (GMT), the University of Michigan’s final consumer sentiment will remain in focus. It’s a survey of about 500 consumers which asks respondents to rate the relative level of current and future economic conditions.

As per economists forecast, the data is expected to rise slightly from 96.2 to 96.7, which means the consumers feel more confident about the U.S. economy and it may fuel more demand for the U.S. dollar.

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ABOUT THE AUTHOR See More
Arslan Butt
Index & Commodity Analyst
Arslan Butt serves as the Lead Commodities and Indices Analyst, bringing a wealth of expertise to the field. With an MBA in Behavioral Finance and active progress towards a Ph.D., Arslan possesses a deep understanding of market dynamics.His professional journey includes a significant role as a senior analyst at a leading brokerage firm, complementing his extensive experience as a market analyst and day trader. Adept in educating others, Arslan has a commendable track record as an instructor and public speaker.His incisive analyses, particularly within the realms of cryptocurrency and forex markets, are showcased across esteemed financial publications such as ForexCrunch, InsideBitcoins, and EconomyWatch, solidifying his reputation in the financial community.
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