Economic Events


Important upcoming events and publications

Important upcoming events and publications for November 15 (GMT):

09:30 UK Retail sales continues a series of important macroeconomic publications that can seriously affect the pairs with GBP. In the middle of the year there was a jump in sales, but now it is gradually losing the strength. A further slowdown in annual rates is expected from 3.0% to 2.8%. A sharper fall can hurt the pound.

10:00 Euro area Trade balance can temporarily increase the volatility in pairs with EUR. The surplus of foreign trade has been declining in recent months in response to a slowdown in global economic growth. Analysts expect the surplus near the levels of the previous month. Better than forecasted data will be able to support the euro recovery

13:30 US Retail sales can have a major impact on markets, including USD quotes, in case of deviations from the expectations. Analysts are set to see a very strong increase (+0.6%) in October after several months of weak growth. If the results are stronger than expectations, it will support the growth of the US dollar on speculation around maintaining strong consumer demand.

See the detailed Economic calendar here

Source: FxPro

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