Forex Marketz Daily Forex News – Fully Markets Update
Welcome to CupO’Forex. This is your daily video analysis for Friday, September 12.
Today’s data will be dominated by the United States as retail sales numbers and consumer sentiment will dominate headlines. We should meet or beat expectations, as that has been the trend as of late.Expect some movement in the Standard and Poor’s 500 Index which has been struggling to find direction since breaking the key level at 2,000. We could also get some dollar volatility as well today.
U.S. data has been showing an economy that is gaining momentum and we expect this trend to continue. Next month, when the Federal Reserve Board meets, we expect the last of the winding down of the quantitative easing program. Once that is done, investors will start to focus on when the Fed will normalize economic policy and raise rate.
Thank you for listening and have a great weekend!