Partner Center Find a Broker

Ready to trade the dollar this week? Here are potential catalysts you should remember!

Retail sales (Apr 15, 12:30 pm GMT)

  • Headline retail sales dropped by 0.5% in February while core retail sales dipped by 0.4%
  • USD traded higher thanks to the Fed unveiling another $500B in overnight repo funding
  • Analysts expect headline retail sales to drop by 3.0% in March
  • Core retail sales could fall by 0.8%
  • There are other lower-tier reports scheduled during the same trading session

Initial jobless claims (Apr 16, 12:30 pm GMT)

  • Last week’s release pointed to 16.7 MILLION Americans losing their jobs in the last three weeks
  • Markets expect another 4 to 5 million initial jobless claimants this week

Earnings season

  • JPMorgan Chase & Co., Bank of America Corp., health insurance giant UnitedHealth Group Inc., transportation’s J.B. Hunt Transport Services Inc., and health product company Johnson & Johnson are some of the corporations who will publish their Q1 earnings this week
  • Traders will be looking at the companies’ ability to weather the pandemic
  • The results will hint at how far the U.S. economy has to go to recover to pre-crisis levels

Technical snapshot

  • Stochastic is flagging USD’s “oversold” conditions against AUD, NZD, GBP, and CAD

  • USD/JPY and USD/CHF are trading below their short AND long-term SMAs on the daily time frame
  • USD could see retracements or reversals against EUR, GBP, AUD, NZD, and CAD

  • USD has been most volatile against AUD, NZD, GBP, CAD, and EUR in the last seven days