Core Durable Goods Orders to be Revealed by the US Today

Market participants who are associated with the business sector and those trading in the US dollar quotes will be attentively watching the release of the Core Durable Goods Orders by the Census Bureau. It will be done today at 12:30 GMT. Financial experts have expected it to be 0.0%. If there is a rise in the readings of the indicator, it will have a favourable impact on dollar quotes. The forecasting of future production volumes could be done by the release of the Core Durable Goods Orders and it will have a short-term impact on the market. Moreover, the indicator will represent the value of orders received by the manufacturers of durable goods.

When the Core Durable Goods Orders were released on 27th Feb 2023 at 13:30 GMT, it stood at 0.7%. Durable goods orders dropped in January, indicating that consumers are holding back spending on big-ticket products.

The UK Released its Retail Sales

The high-importance economic news about the announcement of the Retail Sales of the UK was made today at 07:00 GMT by the Office for National Statistics. It stood at 1.2 in place of the anticipated -0.1%. Since this increase in the readings of the indicator will have a positive impact on the British pound quotes, market participants who are trading in the currency and those related to the consumer sector of the market are highly recommended to be cautious about the release and its consequences in the market. Further, your market decisions should be made only after analysing this latest release of the indicator.

EU Leaders Summit will be Concluded Today

The European Leaders Summit that was started yesterday in Brussels will be concluding today. The shattered economy of Ukraine, migration and trade will be discussed at the gathering. Market participants who are trading in the euro quotes are recommended to observe the proceedings carefully before taking any significant market decisions because the Summit could make a short-term impact on the values of the currency.

Retail Sales of Canada to be Disclosed

Statistics Canada will be releasing the Retail Sales of Canada today at 12:30 GMT and is anticipated to be -0.2% by the top economists. Market participants who are trading in the Canadian Dollar currency pair and related to the consumer sector of the market are suggested to be alert during the release of the indicator. It is said so as the change in the readings of the Retail Sales will be impacting the value of the currency. Moreover, if there is a drop in the readings, it will negatively affect the CAD quotes. Furthermore, with the release of the indicator, inflation and consumer activity could be determined. Even otherwise, the change in the value of goods sold in retail stores of the country will be indicated by Retail Sales.