Talking Points:
- 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](https://a.c-dn.net/b/02viSZ/FX-Markets-Look-to-US-Retail-Sales-UK-and-Japanese-CPI-BOC-and-More_body_Picture_2.png)