The Stimulus Checks are In

At 8:30am EST yesterday, the retail sales figure was published. To the surprise of many, it went up by 1% instead of the expected 0.5%. This big rise lowered the chances of an interest rate cut on June 25, and the dollar surged.

Analysts think that this rise in retail sales was caused by the new stimulus plan checks that arrived during April and May. For now, it looks like the plan definitely worked out.

Today is the big day with the CPI report. If it's above expectations, the dollar will rise and Wall Street will fall. If it's below expectations, there will be another fall for the dollar. Stay tuned, it's coming in 2:30 hours.

Good luck with your trades,
Nadav

nadavs