Important upcoming events and publications for January, 7 (GMT):
10:00 Eurozone Retail Sales rarely spark a big volatility for #EUR. However, recently markets have focused their attention to the region’s data, fearing signs of an unnecessarily abrupt economic cooling. The decline in sales can negatively affect the euro.
15:00 U.S. Non-manufacturing ISM is one of the most important indicators of business activity in the country. This publication can seriously spur volatility in pairs with #USD and in the stock markets. It is expected to fall from a very high level at 60.7 to 59.0. A sharper decline may be unfavorable for the dollar.
See the detailed Economic calendar here
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