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16.09.2020
At 14:30 (GMT+2), the US data on the change in the level of sales in the retail sector for August will be released. It is the main indicator of consumer spending. The value is expected to rise by 1.0%, which may have a positive effect on the USD.
At 14:30 (GMT+2), data on the core consumer price index for August will be released in Canada. The indicator is published by the Bank of Canada and does not include volatile components such as fruits, vegetables, gasoline, fuel oil, natural gas, mortgage interest, intercity transport, and tobacco products. This indicator is considered a key indicator of inflation in Canada. Overall, its strong performance suggests a hawkish response from the Bank of Canada and is therefore positive for the Canadian dollar.
At 14:30 (GMT+2), the US data on the volume of retail sales, excluding cars, will be released. The indicator reflects the total sales of retailers of all sizes and types excluding car dealerships and is the main indicator of consumer spending. The indicator is expected to grow by 0.9% in August. The report is leading, and the data may be revised in the future.
Oil prices are reversing and have been showing growth since the beginning of the week, trading around $41 per barrel.
The GBP/USD pair is showing a decline in trading on Wednesday amid the publication of negative statistics for the British economy.
After a significant decline and reaching the lows of June this year, the leading Australian economy index ASX 200 has been correcting upward since the beginning of the week and is trading at 5950.0.
The pair continues corrective gains, trading near 0.6725.
Gold continues to correct aginst the previous gain, trading at 1961.0.
USD declines against JPY during today's Asian trading session, developing an ultra-short term downtrend that formed earlier this week. The pair is losing about 0.1% and testing the level of 105.25, the lowest since August 28, for a breakdown.
EUR is trading near zero against USD during today's Asian session, hovering at 1.1850. The day before, EUR managed to demonstrate moderate growth against USD and even updated local highs since September 10, but the "bulls" failed to consolidated at new levels (at 1.1900). The instrument was supported moderately by the data from Germany, released on Tuesday. ZEW Economic Sentiment in September rose from 71.5 to 77.4 points, which turned out to be better than the negative forecasts, which assumed a decrease in the indicator to 69.8 points. In the euro area, ZEW Survey showed a moderate increase in Economic Sentiment in September from 64 to 73.9 points, which also exceeded the projected 62.8 points. Today, investors are focused on the publication of the final minutes of the two-day Fed meeting on the interest rate. In addition, traders are awaiting the release of the August statistics on the dynamics of retail sales in the United States.