All eyes on U.S. retail sales

All eyes on U.S. retail sales

14.05.2021

Yesterday, U.S. stock prices rebounded for the first time in four days, with the Dow Jones Industrial Average closing at $34,021, up 1.29% from the previous day. Although the U.S. Producer Price Index (year-over-year), released yesterday, came in at 6.2%, exceeding the forecast of 5.8%, the market appears to have temporarily weathered the sell-off triggered by inflation concerns.

In the foreign exchange market, the U.S. dollar is showing strength, with GBP/USD falling from 1.407 to 1.400. AUD/USD has also declined from 0.774 to 0.768. However, the Dollar Index appears to be capped by the 20-day moving average on the daily chart, so it will be important to monitor which direction it takes as we approach the weekend. The Dollar Index currently stands at 90.71.

Today, the minutes of the ECB Governing Council meeting will be released at 20:30 CET, followed by Canadian manufacturing sales, Canadian wholesale sales, and U.S. retail sales at 21:30 EST,U.S. Import Price Index at 21:30 (U.S. time), Canadian Existing Home Sales at 22:00, Industrial Production and U.S. Capacity Utilization at 22:15, the U.S. University of Michigan Consumer Sentiment Index (Preliminary) and U.S. Business Inventories at 23:00, and remarks by Kaplan, President of the Dallas Fed, at 26:00. We will carefully monitor how the upward trend in the U.S. dollar evolves.

Past Market Reports

1. 17.04.2026New

   Will the market wait and see how much further the U.S. dollar can rise against the yen?

2. 16.04.2026New

   Will the weakening Swiss franc recover? Attention is turning to price movements during European trading hours.

3. 15.04.2026New

   Market participants are likely keeping a close eye on the upside potential of the euro, which has risen against the U.S. dollar

4. 14.04.2026New

   Should we keep an eye on remarks by key figures in the U.S. and try to gauge the direction of currency strength?

5. 13.04.2026New

   Market participants are likely watching for signs of a rebound in the Canadian dollar, which fell against the U.S. dollar following the release of employment figures

6. 10.04.2026

   Will the weakening Swiss franc continue to strengthen against the yen, or should we wait and see?

7. 09.04.2026

   Will the U.S. dollar, which has fallen against the yen, continue its downward slide, or should we wait and see how the market moves?

8. 08.04.2026

   Should we keep an eye on the upside for European currencies that have risen against the U.S. dollar?

9. 07.04.2026

   Market participants may be wary of further downside potential for the U.S. dollar, which has weakened amid concerns over the situation in Iran

10. 06.04.2026

    Investors should be wary of sudden spikes in volatility while major markets are closed