Headlines the Economic Calendar on Wednesday

Headlines the Economic Calendar on Wednesday

In the UK, traders will focus on monthly unemployment for further indications on the continued effect that the Brexit decision is having on the economy.  Unemployment Rate for September is expected to remain flat at 4.3%. Any sign of pick up will be considered negative for Sterling.

The US CPI Inflation and Retail Sales Numbers will be significant for investors today.

As inflation is one of the two pillars of Fed dual mandate, the market will seek a hint out of next Fed moves. it is expected to come out 0.1% m/m and y/y inflation is expected to ease to 2.0% in October from 2.2% a month ago. Core inflation, on the other hand, is expected to remain stable to 1.7% from a month earlier. Acceleration in headline inflation may prompt investors to price further rate hikes from Fed hence push DXY and bond yields higher. Conversely, a worse than expected realization would soothe market concerns and support EM economies.

US Retail sales growth in October will be another important data release of today. Core Retail Sales excluding auto and gas are expected to ease 0.1% m/m growth from 1.6% a previous number.

Additionally, The US Crude oil stocks will be announced and it is expected to decline by 2.200 M this week. It may be important for oil prices. Note that oil stocks rose by 2.237 M barrels in last week. 

15 Nov 17 (Wed)

06:33 am



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