Headlines the Economic Calendar on Wednesday
1. Eurozone GDP Number
The GDP is expected to come out at 0.4% q-o-q growth, the same as the previous number. This would lead to an annual realization of 1.2%. A better than expected realization may support the single currency.
2. US Retail Sales
US Core Retail Sales excluding auto and gas are expected to ease to 0.7% m/m from 1.2% in the previous number. A lower than expected reading should be taken as negative for the greenback.
3. Canada Inflation Data
The Canada CPI is expected to come out at 0.4% m/m and y/y inflation is expected to rise to 2.0% in April from 1.9%. On the other hand, Core CPI is expected to rise to 1.8% from 1.6%
4. US Crude Oil Inventories
US Crude oil stocks are expected to decline by -0.800M this week. Note that oil stocks declined by -3.963M barrels in last week.
15 May 19 (Wed)
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