Retail Sales in the US and Industrial Production in Europe are the major events this day. Here is an outlook on the market-movers awaiting us.
In the US, Retail Sales, monthly indicator to value the total retailed sales, about to rise from 0.1% to 0.4%. Meanwhile the Core Retail Sales (excluding automobiles) is due to rise by 0.2%.
Later in the US, Prelim University of Michigan (UoM) Consumer Sentiment, a monthly survey of around 500 consumers to value the present and upcoming financial conditions. And the Prelim UoM Inflation Expectations is due to remain 3.4% similar to the former report.
More in the US, Business Inventories, the value of goods that are held as manufacturer’s inventory, is about to reduce to 0.7%.
Finally in the US, William Dudley, President of the Federal Reserve Bank is due to deliver a speech in New York.
In Europe, French Prelim G Gross Domestic Product (GDP), main report to value all financial production of goods and services, due to continue reducing go 0.3%.
More in Europe, French Prelim Non-Farm Payrolls, quarterly report of number of employed that continue to reduce and 0.2% is expected this time.
Also in Europe Industrial Production, leading measurement to value the output of manufacturer’s production, 0.1% is likely this time.
Finally in Europe, French Consumer Price Index (CPI) is expected to remain 0.1% with no change from the last report.
For more on the Euro, read the Euro to dollar forecast.
In Japan, Revised Industrial Production is expected to remain 3.9% like on the previous month.
Read more about the yen in the USD/JPY forecast.
Happy forex trading
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