Retail data out tonight, which we all know was able to weaken...

Retail data out tonight, which we all know was able to weaken the greenback last time as people are looking for signs that the US economy is making the transition from recovery to normalisation. On top of that we have oil and gas data coming out, which has a real effect on inflation and is also able to provide a quick snap shot of the world economy's health through the simple premise that business and consumerism runs on oil. That is the data I believe traders will focus on however good the jobs data coming out too will be. Really though, these next few days leading into next Wednesday's rates decision will be interesting as the tide will go out and then go back in. However, rates are expected to be raised this year and I have a feeling it is going to be sooner rather than later.