Don’t waste your time – keep track of how NFP affects the US dollar!
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Personal areaUS retail sales will be out on Thursday, April 15, at 15:30 MT. It is a significant release for traders as it will impact the US dollar – the most traded currency in the Forex market! Retail sales are the primary measure of consumer spending, which, in turn, reveals the overall economic activity. The last report showed US retail sales dropped by 3.0% in February, falling short of analysts’ expectations of -0.5%. It was the biggest decline since a record drop in April of 2020. However, things are getting better in the USA as more and more people are getting vaccines, and restrictions are easing. Thus, maybe this time the numbers are encouraging.
What you need to do is just compare the actual numbers with the forecasted, which you can check on our economic calendar. And then,
Instruments to trade: EUR/USD, GBP/USD, AUD/USD, USD/CAD
