A busy economic calendar today in the North American session ...Middle East

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US retail sales estimate -0.1% versus 0.4% last monthCore retail sales 0.3% versus 0.4%. Control group of retail sales 0.3% versus 0.7% last month US import and export prices for January. Import prices expected +0.4% versus 0.1%. Export prices +0.3% versus +0.3% last month Canada manufacturing sales for December estimate 0.7% versus 0.8% last month. Canada also trade for December 0.2% estimate versus -0.2% last month.

US Industrial production for January 0.3% versus 0.9% last month.US capacity utilization for January 77.7 versus 77.6 last month.Manufacturing output for January 0.1% versus 0.6% last month.

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Business inventories for December 0.0% versus +0.1% last monthRetail inventories X orders last month 0.2%

Comments from Pres. Trump and other administration officials are the wildcards.

This article was written by Greg Michalowski at www.forexlive.com.

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