Releases Retail Sales data (retail sales) US tonight (20/11) will be the release of the data is eagerly awaited by traders because fundamental news on the matter could be a golden opportunity for traders to reap some pips this week. US retail sales data scheduled to be released at 2:30 pm GMT or 21:30 pm. This article will discuss how the US retail sales data affect the forex market.
Why Retail Sales Data Considered Important?
Because, destination retail sales report is presented as a monthly view is quite brilliant, which will also have an impact on consumer spending index. Which results from the calculation would induce 70% of the country's economic growth as a whole. Rather crucial not?
What to Expect From the release of this data?
For the month of October, headline retail sales are expected to rise 0.1%, following a rise in the previous month was recorded at 0.4%. The basic version of this report, which also disarm the effect of volatile items, also projects the same percentage increase.
This release came out at a crucial time for the US economy, given traders the world are guessing whether tapering of the Fed will be done by the end of this year or not. Although Yellen has expressed a dovish grudges, that tapering would not be carried out later this year, but it still can not be used as a single reference. Because the majority of voting members of the FOMC, showed signs of accelerating the implementation of the reduction of bond purchases.
How Reaction Dollar Later?
Because, destination retail sales report is presented as a monthly view is quite brilliant, which will also have an impact on consumer spending index. Which results from the calculation would induce 70% of the country's economic growth as a whole. Rather crucial not?
What to Expect From the release of this data?
For the month of October, headline retail sales are expected to rise 0.1%, following a rise in the previous month was recorded at 0.4%. The basic version of this report, which also disarm the effect of volatile items, also projects the same percentage increase.
This release came out at a crucial time for the US economy, given traders the world are guessing whether tapering of the Fed will be done by the end of this year or not. Although Yellen has expressed a dovish grudges, that tapering would not be carried out later this year, but it still can not be used as a single reference. Because the majority of voting members of the FOMC, showed signs of accelerating the implementation of the reduction of bond purchases.
How Reaction Dollar Later?
With a general topic that still revolves around puzzle execution of tapering of the Fed as it is today, the USD may be reacting more on fundamentals than on risk sentiment. In other words, the acquisition of strong retail sales will positively impact the Si Green, while if the result is weak, it is likely to trigger a sell Dollars.
Do not forget that there is the release of US economic data scheduled for release other simultaneously with the retail sales data. Among these is the CPI headline and principal, as well as existing home sales. FOMC Minutes will also suck up the attention of market participants to the New York session tomorrow.
Thus, the reaction of the US Dollar against data on consumer spending can influence short-term and long-term, depending on the result of the release of the reports of others. If you plan to trade dollar at the time of the release of this data, get ready for the post of risk management ya! Good luck!
Do not forget that there is the release of US economic data scheduled for release other simultaneously with the retail sales data. Among these is the CPI headline and principal, as well as existing home sales. FOMC Minutes will also suck up the attention of market participants to the New York session tomorrow.
Thus, the reaction of the US Dollar against data on consumer spending can influence short-term and long-term, depending on the result of the release of the reports of others. If you plan to trade dollar at the time of the release of this data, get ready for the post of risk management ya! Good luck!
Sumber: www.babypips.com