The European session is empty in terms of data releases as we will just get a couple of low tier indicators. In the American session, we get the US Retail Sales report and the US NAHB Housing Market Index.
12:30 GMT/08:30 ET – US February Retail Sales
The US Retail
Sales M/M is expected at 0.6% vs. -0.9% prior, while the ex-Autos figure is
seen at 0.4% vs. -0.4% prior. The focus will be on the Control Group figure
which is expected at 0.2% vs. -0.8% prior.
Consumer spending
has been stable in the past months which is something you would expect given
the positive real wage growth and resilient labour market. More recently though,
we’ve been seeing some marked easing in consumer sentiment due to the ongoing trade
wars and tariffs uncertainty which is likely to weigh on spending.
This article was written by Giuseppe Dellamotta at www.forexlive.com.
