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

Posted Friday, September 14, 2018 by
Arslan Butt • 1 min read

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

Arslan Butt is our Index & Commodity Analyst
Arslan Butt is our Lead Commodities and Indices Analyst. Arslan is a professional market analyst and day trader. He holds an MBA in Behavioral Finance and is working towards his Ph.D. Before joining FX Leaders Arslan served as a senior analyst in a major brokerage firm. Arslan is also an experienced instructor and public speaker.
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