Important upcoming events and publications

Important upcoming events and publications for December, 14 (GMT):

09:00 The EU Preliminary PMI can have a serious impact on EUR. Over the past 12 months, this indicator marks a slowdown, raising doubts in future prospects. If the data is worse than the forecast, it can put some pressure on the euro. Note that during the period from 08:00 till 09:00 there will be some more publications by other large EU countries. Due to this, the stronger than normal volatility is expected.

13:30 U.S. Retail Sales are closely monitored by the markets, as this data is cover up to 80% of final consumption in the country. An increase of 0.1% against the previous month is expected, after a 0.8% jump in October. In general, this publication can affect the USD dynamics, in case of deviations from the forecast.

14:15 US industrial production is an important indicator of an economic activity tracked by the Fed. From the middle of the year, production data were increased, but this momentum has been lost recently. The November data is expected to grow by 0.3%, after rising 0.1% a month earlier, that can support the USD quotes.

See the detailed Economic calendar here