We will focus on US retail sales for April. The retail sales are expected to come out at 0.4%, lower than March number's 0.6%. However, Core Retail Sales excluding auto and gas are expected to rise to 0.5% m/m from 0.2% growth in the previous number. A lower than expected reading should be taken...
The Eurozone GDP rose 0.4% Q/Q while rising 2.5% over the year as expected. Also, the German ZEW just came out. The headline numbers for May showed that the economic sentiment numbers steadied at -8.2 versus -8.2 expectations.
Turkey Quarterly 3-month Jobless Average will be published today. There is no market consensus for the unemployment rate in February. The seasonally adjusted unemployment rate in January was 10.8%. A higher than the previous number should be taken as negative for the Turkish Lira. The U...
Forecasts from OPEC: Sees oil demand rising 1.65 mbpd in 2018 vs 1.63 mbpd prior Inventories declined in March to 9 million barrels above 5-year average Says 'geopolitical developments' will impact supply in the months ahead Says output ros...
The EURUSD currency showed an upward reaction after mixed inflation figures out of the US last week. The consumer price index rose 0.2% in April, below the forecast of 0.3%. The CPI has risen 2.5% year-on-year basis, the highest rate in 14 months. Yet the yearly increase in the core rate was unch...
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