Important upcoming events and publications

09:30 (GMT) U.K. Labor Market Report could seriously affect the position of the currency pairs with GBP. Most attention should be paid to the dynamics of unemployment claims. The growth observed in the recent months is an unpleasant sign for the economy.

10:00 ZEW business sentiment index in Germany and the EU is a respected indicator of economic health. Since April, the Germany Index is in red zone, that demonstrates the pessimists’ predominance. The analysts do not expect significant improvement of this indicator, after its fall to -24.7 in October. Weak data could increase the pressure on the EUR.

11:00 U.S. NFIB Small Business Optimism Indicator had reached the record levels earlier this year. The markets always maintain the rather high expectations from this index: a sharp recession could sow doubts about US economic growth and cool demand for the USD.

See the detailed Economic calendar here