Look-ahead: US retail sales Economic data ahead may leave the US retail sales in focus. Current expectations are pointing to a more subdued state for US consumers, with June retail sales to turn in flat month-on-month, down from previous 0.1%. That may continue to reinforce market expectations for a September rate cut from the Federal Reserve (Fed). Overnight, Fed Chair Jerome Powell continued to lay the groundwork for upcoming policy easing, acknowledging that recent inflation progress “add somewhat to confidence” that inflation is on track to return to target. #OPINIONLEADER# #trading# #BeginnerTalk# #FX# #gold#