Attention on U.S. Economic Trends Following Release of U.S. Retail Sales Data

Attention on U.S. Economic Trends Following Release of U.S. Retail Sales Data

17.08.2021

Yesterday, U.S. stock prices rose slightly, resulting in a market environment characterized by rising stocks, flat interest rates, and flat crude oil prices. The VIX (fear index) rose by about 4% to 16.1. The Russell 2000 continued to decline and is hovering around 2,203 points.

In the foreign exchange market, the decline in commodity-linked currencies such as the Australian and Canadian dollars has been particularly notable.The AUD/JPY pair, which is facing concerns over a third wave of the novel coronavirus, fell to 79.7. Additionally, the USD/CAD pair rose from 1.251 to 1.259 after Canada’s June wholesale sales, released yesterday, came in at -0.8% against a forecast of 0.5%. Since the price is rebounding along the 200-period moving average on the 4-hour chart, traders should exercise caution regarding further upside movements just in case.

Today, at 3:00 PM Asia time, UK unemployment rate and jobless claims; at 8:30 PM Europe time, Turkish housing starts; at 9:30 PM US time, US retail sales;at 10:15 PM, U.S. industrial production and capacity utilization; at 11:00 PM, U.S. business inventories and the NAHB Housing Market Index; at 2:30 AM, remarks by Fed Chair Powell; and at 4:45 AM, remarks by Neel Kashkari, President of the Minneapolis Fed. We will pay close attention to these indicators and news reports to assess price movements.

Past Market Reports

1. 20.04.2026New

   With the euro-Australian dollar pair hitting new lows this month, attention is turning to how much further it might fall

2. 17.04.2026New

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

3. 16.04.2026New

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

4. 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

5. 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?

6. 13.04.2026

   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

7. 10.04.2026

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

8. 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?

9. 08.04.2026

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

10. 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