Forex News Blog
Back to The Headlines
Thursday May 13, 2010 - 15:41:25 GMT
Share This Story
Imperial FX Online - www.imperialfxonline.com
U.S. Data Preview: Retail sales, Industrial Production and University of Michigan CSIRETAIL SALES GROWTH TO SLOW ON FALL IN AUTO SALESRetail sales rose by 1.9 percent in March on the back of automobile sales, but this volatile sector is likely to see a drop in April and hence push the headline figure to show a growth of around 0.2 percent (retail sales excluding automobiles is forecast to rise 0.4%). Despite the slowing in growth, a number of +0.2% is similar to the growth seen for the first three months of 2010 and only a negative figure would register the first drop in monthly retail sales since September last year.INDUSTRIAL PRODUCTION TO PICK UP ON MANUFACTURINGIndustrial production for the month of April should rise by around 0.6% after registering only a small gain of 0.1% in March, helped in part by the robust manufacturing sector which has led the ISM manufacturing index to increase as high as 66.6 (highest since 2004). Positive revisions to the previous month's reading are likely and the manufacturing and mining production numbers are expected to be the main factors in growth.UNIVERSITY OF MICHIGAN CSI TO MOVE BACK ABOVE 73Last month saw a relatively large drop in the preliminary reading for the consumer sentiment index at 69.5 (from 73.6) due to the steep fall in the economic expectations sub-index, which fell from 67.9 to 62.3, however, the final number for April was revised upwards to 72.2 (the expectations index was changed to 66.5) to show a smaller drop from the reading of 73.6 seen in February and March. Analysts are predicting the CSI to improve to 73.9, as consumers are likely to be encouraged by the latest jobs (non-farm payrolls increase of 290,000) and manufacturing data.CURRENCY OUTLOOKStock markets have been able to rise regardless of the selloff in the euro and sterling due to worries over the euro region debt contagion and bearish sentiment over the U.K. economic recovery respectively and investors will view any upside surprises as another reason to buy the greenback on expectations that the Fed will tighten monetary policy ahead of the ECB, based on the improving economic outlook. However, with the number of releases, some choppy moves may be seen in the currency markets as well as profit taking ahead of the weekend. Given the recent upbeat economic figures out of the U.S., one should not be rash and open positions based on fundamentals without checking out the charts first.
Written by www.imperialFXonline.com
Disclaimer: Imperial Forex has taken reasonable measures to ensure the accuracy of the information of this article, however, does not guarantee its accuracy, completeness and timeliness, and will not accept liability for any loss or damage which may arise directly or indirectly from the content. Imperial Forex will not accept any liability for loss or damage as a result of reliance on the information contained within this article or on its website including data, quotes, charts and buy/sell signals.
Forex Trading News
Daily Forex Market News
Forex news reports can be found on the forex research
headlines page below. Here you will find real-time forex market news reports
provided by respected contributors of currency trading information. Daily forex
market news, weekly forex research and monthly forex news features can be found
Real-time forex market news reports and features providing
other currency trading information can be accessed by clicking on any of the
headlines below. At the top of the forex blog page you will find the latest
forex trading information. Scroll down the page if you are looking for less
recent currency trading information. Scroll to the bottom of fx blog headlines
and click on the link for past reports on forex. Currency world news reports
from previous years can be found on the left sidebar under "FX Archives."
Elevate Your Trading With The Amazing Trader!
The Amazing Trader includes:
Register To Test Your Amazing Trader
- Actionable trading levels delivered to YOUR charts in real-time.
- Live trading strategy sessions.
- Market Updates with Trading Tools.
Trading Ideas for 11 December 2017
Register for the Amazing Trader
Amazing Trader EVENT RISK Calendar:
Tue 12 Dec
09:30 GB- CPI
10:00 GB- ZEW Survey
13:30 US- PPI
Wed 13 Dec
00:30 AU- Employment
09:30 GB- Unemployment
13:30 US- CPI
15:30 US- EIA Crude
19:00 US- Fed Decision
Thu 14 Dec
07:30 CH- SNB Decision
All Day- Global- flash PMIs
12:00 GB- Bank of England Decision
12:45 EZ- ECB Decision
13:30 US- Retail Sales
13:30 US- Weekly Jobless
14:45 US- Industrial Production
Potential Trading Opportunities
John M. Bland, MBA
- POTENTIAL PRICE RISK: Mediun Tue--10:00 GMT-- DE- ZEW. Second Tier Sentiment Survey
- POTENTIAL PRICE RISK: HIGH-Medium Tue--13:30 GMT-- US- PPI
- POTENTIAL PRICE RISK: HIGH-Medium Wed--09:30 GMT-- GB- Employment
- POTENTIAL PRICE RISK: HIGH Wed--13:30 GMT-- US- CPI
- POTENTIAL PRICE RISK: Medium Wed--15:30 GMT-- US- EIA Crude
- POTENTIAL PRICE RISK: High Wed--19:00 GMT-- US- Fed Decision
- POTENTIAL PRICE RISK: HIGH- Thu --00:30 GMT-- AU- Employment
- POTENTIAL PRICE RISK: Medium- Thu --All day-- global- flash PMIs
- POTENTIAL PRICE RISK: HIGH-Medium- Thu --07:30-- CH- Swiss National Bank Decision
- POTENTIAL PRICE RISK: HIGH-Medium- Thu --09:30-- GB- Retail Sales
co-founding Partner, Global-View.com
EXCLUSIVE: Global-View Daily Trading Chart Points Updated
EXCLUSIVE: Global-View Free Forex Database updated
TRADER ADVOCACY ARTICLES
Trader's Advocate Articles..