Economic calendar: Indices and EURUSD await US retail sales report

Today’s economic calendar is fairly packed and heavily US-focused, with January retail sales set to take center stage. The earnings docket is relatively light. Among major names, Coca-Cola reports Q4 results pre-market, while Ford reports after the close.

Macro calendar

6 AM GMT - Norway: CPI inflation: 3.4% vs 3.0% forecast and 3.2% prior

10 AM GMT - US: NFIB Small Business Optimism Index: 99.8 expected vs 99.5 prior

12:15 PM GMT - US: ADP Employment Report: 7.75k prior

12:30 PM GMT US: January Retail Sales: 0.4% forecast vs 0.6% prior

Core retail sales: 0.4% forecast vs 0.5% prior

12:30 PM GMT - US: Trade-related price data

Import prices: 0.1% forecast vs 0.4% prior
Export prices: 0.8% forecast vs 0.8% prior
Export price index: 0.1% vs 0.5% prior

12:55 PM GMT - US: Redbook (large-chain store sales index) 6.7% y/y prior

2 PM GMT - US: Business inventories: 0.2% forecast vs 0.3% prior

3 PM GMT - US: USDA WASDE (supply and demand estimates)

8:30 PM GMT - US: API weekly crude inventories: Expected: crude -11.1m bbl, gasoline -415k bbl

Fed speakers

18:00 - Fed: Hammack
19:00 - Fed: Logan

Earnings

Coca-Cola (pre-market), Ford (after the close)

EURUSD (H1 timeframe)

EURUSD is trading above the 38.2% Fibonacci retracement, while momentum indicators have cooled following the recent consolidation.

Source: xStation5

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