Weekly review 8-12 May 2017

We choose 3 key releases of this week, that gives opportunities for traders, so check it right now!

On Tuesday will be released the Australian Retail Sales figure that shows retail sales changes.  This indicator demonstrates the purchasing power of the consumers and makes it clear are they spend more, or less, than last month.

On Wednesday will release US Crude Oil Inventories. Last week the cost of oil fell by 10%, due to the inability of OPEC members to convince markets of their ability to obstruct supplies and to the growing concern over the supply. If the build-up is larger than expected, we see that the price of crude oil is moving south to around $ 40. While lower than expected, the growth rate will lead to a breathing space for bulls, as they look at $ 50 p/bbl.

The US CPI q / q should appear on Friday and is seen as the primary indicator of consumer prices and how they changed relative to the last quarter. This figure, as a rule, has a big impact on the US dollar and US stocks, since it accounts for the bulk of the overall inflation in the economy with an increase / decrease in inflation signaling. Prospects for raising interest rates usually lead to appreciation of the respective currency of countries and devaluation of the share market of countries, while on the contrary, the prospect of lowering rates.

Keep your eyes at important trading news! goo.gl/zkqv0J