Out of macroeconomic publications traders will be following today, it is worth noting news from the EU and the US. Results of Targeted LTRO are due at 12:15 pm (all times stated in GMT+2) in the EU. Long Term Refinancing Operations are aimed at maintaining liquidity in the banking system. The ECB loans funds which have 4 years maturity and a fixed rate to commercial banks. Retail Sales statistics for November are due at 3:30 pm in the US. The indicator is expected to come in at 0.3% after a 0.1% growth in the previous month. Retail Sales ex Autos are expected to be up by 0.3% from 0.2% in October. Retail Sales are followed as an indicator of consumer confidence concerning current economic situation, therefore, favorable statistics are seen as positive for the US Dollar. On Monday night, at 1:50 am, a series of macroeconomic data is due in Japan among which attention needs to be paid to Tankan Non-Manufacturing and Tankan Large Manufacturing indices.

News of the day. Friday 11.12.2015




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