The major currency pair is falling a little bit in the middle of the week, but the statistics may provide the instrument with a new impulse.
EURUSD is correcting on Wednesday. Market players are pretty tired without the news, but the situation may change today. The current quote for the instrument is 1.0953.
There were no important macroeconomic reports for the major currency pair on Monday and Tuesday as the Catholic countries celebrated the Easter. Today’s calendar is looking much more interesting.
The USA is scheduled to report on the Retail Sales in March, which may show -8.0% m/m after being -0.5% m/m in February. The Core Retail Sales is expected to lose 4.9% m/m.
The American Industrial Production may decrease by 4.1% m/m in March after adding 0.6% m/m the month before. However, today’s report is highly unlikely to describe the real slump in the sector. For this, it’s better to wait for the April readings – they will provide an excellent picture of what is going on in US manufacturing.
The Capacity Utilization Rate may drop from 77.0% in February to 73.7% in March and it’s also quite normal given the current economic circumstances in the USA. Still, the lower today’s readings, the worse for the USD.