Previewing next key macroeconomic events from the US, TD Securities analysts said that Retail Sales likely surged in March (forecast: +8.5% m/m) following a plunge in February (-3.0%) and a surge in January (+7.6%).
"The volatility reflects the impact of severe weather in February as well as the disbursement of stimulus payments in January and March, but the net result appears to have been booming growth in spending in Q1. Spending will probably fall in April."
"The CPI probably surged, and not just due to energy prices this time. We caution against extrapolating, but the core reading will probably be boosted by a bounce in travel-related prices, most notably for airfares, hotels, and used cars. We see some upside risk for rents as well. Changes to the seasonal factors could also be a source of strength, with payback later in the year."
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.