US Wholesale Sales (August) MoM: -0.1% (Forecast 0.4%, Previous 1.1%)
- Wholesale inventories (August) MoM Rev.: 0.1% (Forecast 0.2%, Previous 0.2%)
Overall today US wholesales report signals that wholesale sales dynamic weakened in August, while the scale of this monthly decline is not very big (and comes after quite strong rebound of 1.1% in July).
Daily summary: Gold retreats 3% as US dollar rebounds after hawkish Warsh speech in Jackson Hole
🚩 EURUSD loses 0.3%
🗽 Fed chair, Kevin Warsh speech from Jackson Hole
Economic Calendar: All eyes on Kevin Warsh! Will Fed Chair protect his credibility?