Weekly Forex Outlook: 12/05/2023 – Focus on US retail sales as debt ceiling drama rumbles on
May 12, 2023 11:35 am
With no central bank decisions on the menu next week, investors will turn to data releases. Top of the list is the US retail sales report, which will help shape expectations about the Fed’s rate path, driving the dollar accordingly. There is also an onslaught of economic data from most major economies to keep traders busy, alongside an election in Turkey and the ongoing drama around the US debt ceiling.
0:00 Intro 0:23 US dollar and retail sales 3:11 US debt ceiling drama 3:42 Japanese data and yen 4:44 Turkey elections and lira
For more information on the topics discussed in this video, including detailed charts and tables, read the full Technical Analysis article:
The Risk Warning is correct at the time of publication and may change. Please check our Risk Disclosure for an up to date Risk Warning
Visit the XM Research Portal for your daily dose of market news and analysis, as well as live education sessions, and other useful trading tools: https://www.xm.com/research/analysis
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With no central bank decisions on the menu next week, investors will turn to data releases. Top of the list is the US retail sales report, which will help shape expectations about the Fed’s rate path, driving the dollar accordingly. There is also an onslaught of economic data from most major economies to keep traders busy, alongside an election in Turkey and the ongoing drama around the US debt ceiling.
0:00 Intro
0:23 US dollar and retail sales
3:11 US debt ceiling drama
3:42 Japanese data and yen
4:44 Turkey elections and lira
For more information on the topics discussed in this video, including detailed charts and tables, read the full Technical Analysis article:
http://www.xm.com/research/analysis/previews/xm/week-ahead-focus-on-us-retail-sales-as-debt-ceiling-drama-rumbles-on-179323
Risk Warning: Our services involve a significant risk and can result in the loss of your invested capital. *T&Cs apply.
Please consider our Risk Disclosure: https://www.xm.com/goto/risk/en
The Risk Warning is correct at the time of publication and may change. Please check our Risk Disclosure for an up to date Risk Warning
Visit the XM Research Portal for your daily dose of market news and analysis, as well as live education sessions, and other useful trading tools: https://www.xm.com/research/analysis
In-depth forex news analysis on all major currencies, such as EUR/USD, USD/JPY, GBP/USD, USD/CAD, AUD/USD as well as gold, oil, stock indices, commodities and stocks.
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