On Wednesday, May 15, 2019, the markets will be interested in the announcement of the economic calendar data, which usually results in changes in price movements. The economic agenda is a major tool for the basic analysis of the market performance forecast. Therefore, caution must be taken to determine the results of these actual data to make the right trading decision. The economic news today are:
Australian Wages Average: Wage growth slowed unexpectedly in Australia in the fourth quarter of last year. The average wage index, excluding bonuses, rose 0.5 percent this quarter, extending the average hourly wage growth period. Analysts had expected wage growth to rise 0.6 percent. In real terms, hourly wages rose 0.5 per cent.
Expectations for the first quarter of 2019: The average wage index is expected to rise by 0.6 percent.
Canadian CPI: In Canada, the CPI rose 0.7 percent in March on a monthly basis.
US retail sales: In the United States, retail sales rose 1.6 percent on a monthly basis in March after a 0.2 percent decline in February. The March reading exceeded analysts' expectations of an increase of 0.9 percent. This was the biggest jump in retail sales since September 2017. The increase in retail was driven by car sales and many other commodities. Core retail sales, excluding cars, jumped 1.2 percent, after falling 0.2 percent the previous month. Analysts had expected a 0.7 percent increase in core retail sales.
Expectations for April 2019: Retail sales and core retail sales are expected to reach 0.2% and 0.7%, respectively.