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Market Reports

6:48am, September 15th 2022

US Retail Sales the Next Catalyst?

Markets have stabilised since Tuesday’s brutal sell-off in equities and large inflows into the US dollar. However, participants may have to endure further volatility today as the US August retail sales report is released this afternoon.

Following the hotter-than-expected US inflation reading earlier this week, traders and dealers alike are now nervous over the prospect of a larger-than-forecast rate rise from the Fed later this month. The possibility of a 1% move has investors on their toes and positioning for all eventualities. The greenback has been a standout performer, gaining handsomely against its peers so far this week.

Today’s data is expected to rise 0.2% from the August print, anything above this level should create extra buzz over a possibly 1% rate move. As a result, risk assets may suffer and the greenback may receive more positive attention. On the flip side, anything significantly weaker than forecast could see the exact reverse as speculation cools down. Watch this space…!

6:48am, September 15th 2022

The details expressed in this market report are for information purposes only and are not intended as a solicitation for funds or a recommendation to trade. Cornhill International Payments limited accepts no liability whatsoever for any loss or damages suffered through any act or omission taken as a result of reading or interpreting any of the above information.

Previous Reports

8:22am, December 1st 2022

Powell Comments Spur Risk-On Markets

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8:21am, December 5th 2022

Greenback in the Spotlight

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8:38am, November 3rd 2022

Fed Raise 0.75%, Bank of England Next Up

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