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- The first half of the week features March US Retail Sales, Q1’18 Chinese GDP, March UK CPI, and the Bank of Canada rate decision. - Thursday and Friday will see Q1’18 New Zealand CPI, the March Australian labor market report, March Japanese CPI, and March Canadian CPI. - Retail trader positioning[1] has little consistency in bias across USD-pairs. Join me on Mondays at 7:30 EDT/11:30 GMT[2] for the FX Week Ahead webinar, where we discuss top event risk over the coming days and strategies for trading FX markets around the events listed below. 04/16 Monday | 12:30 GMT | USD[3] Advance Retail Sales (MAR) Consumption is the most important part of the US economy, generating nearly 70% of the headline GDP figure. The best monthly insight we have into consumption trends in the US might arguably be the Advance Retail Sales report. In March, according to a Bloomberg News survey, consumption rebounded with the headline Advance Retail Sales due in at +0.4% from -0.1% (m/m). The Retail Sales Control Group, the input used to calculate GDP, is due in at +0.3% from +0.1% (m/m). FX Markets Look to US Retail Sales, UK & Japanese CPI, BOC, & More Based on the data received thus far about Q1’18, the Atlanta Fed GDPNow forecast is looking for growth at +2%. The next update to the Q1’18 forecast will be released after Monday’s US economic data. Pairs to Watch: EUR/USD, USD/JPY, DXY Index, Gold[4][5][6][7] Note: the headline retail sales print beat expectations at +0.6% vs +0.4% expected, but the core

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currensceneFLOGO WHTsquareThough not the oldest form of currency, some form of shell money appears to have been found on almost every continent. The shell most widely used worldwide as currency was the shell of Cypraea moneta, the money cowry.

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