Headlines the Economic Calendar on Thursday
UK Retail sales growth in April will important data release of today. Core Retail Sales excluding auto and gas are expected to rise to 0.4% m/m from -0.5% fall in the previous number. A lower than expected reading should be taken as negative for the Sterling
Watch out for the ECB meeting minutes. The ECB kept interest rates unchanged at 0% in their last meeting. The Euro was under pressure by a dovish tone from the European Central Bank. The notes may give a more detailed about ECB Outlook for 2018.
U.S Initial jobless claims will come out today and it is expected to be 220K, which points to a little fall from previous week 222 K.
US Existing-home sales will be released today. It measures monthly sales of previously owned single-family homes and is expected to decline to -0.2% m/m in April from 1.1% the previous number. Though it is a second tier data in terms of predictive power, a higher than expected reading would be considered positive for the greenback.
24 May 18 (Thu)
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