mask UK Jobs data in Focus

17/ 04/ 2018

UK Jobs data in Focus

Daily Update - 17th April 2018

Yesterday’s Focus

  • USD Retail Sales

Yesterday’s Explained

The EUR/USD holds onto its gains after the US released a mixed bag of Retail Sales data. US Retail Sales rose by 0.6% MoM, better than expected. Core Retail Sales came out at 0.2% MoM, exactly as expected. The most important part, the Retail Sales Control Group, came out at 0.4%, also as expected. However, this comes on top of a downward revision for the Control Group for February: a flat read instead of an increase of 0.1% originally reported.

 

Today’s Focus

  • CNY Gross Domestic Product
  • GBP Average Earnings excluding Bonus, ILO Unemployment Rate & Claimant Count Change
  • EUR ZEW Survey
  • USD Building Permits, Housing Starts, Industrial Production, Capacity Utilization & Speeches from FED members.

Today’s Market

Quite an eventful Tuesday as we will see data coming in from China, UK, Euro zone and USA. China, the world’s second largest economy will publish its final GDP for the 1st quarter. Then UK will release their jobs reports where the focus would be on wages as the ongoing acceleration in pay implies a growing concern for a rate hike.

Then it will be the ZEW Surveys from Germany which measures the economic situation and sentiment in Germany. The final half of the day belongs to USA with several mid-tier reports being released with regards to housing sector and industrial sector. Furthermore 2 speeches are also scheduled from FED Members Williams and Quarles.